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Blockchain NewsDeFi News

Lending Protocol Tarot to Provide Service on Optimism Blockchain

Tarot explained that with its launch on Optimism, the protocol is positioned to unlock its full power and grow its reach as an esteemed lending protocol.

Written By Vishwaroop Sharma
Published May 11, 2022 1:12 PM·Updated 2 years ago
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Lending Protocol Tarot to Provide Service on Optimism Blockchain

The decentralized lending protocol on Fantom Opera, Tarot, has announced its deployment on Optimism blockchain. Tarot protocol revealed its plans for global expansion and it said that this is the first step towards becoming a multi-chain protocol.

Tarot explained that with its launch on Optimism, the protocol is positioned to unlock its full power and grow its reach as an esteemed lending protocol, just as deep liquidity and other major projects come to Optimism to participate in “OP Summer”

🚨 Tarot on Optimism

Excited to announce that Tarot has been deployed on #Optimism, with 5 lending pools for @Zip_swap LP!@optimismPBC https://t.co/8c8HyiH2g4

— Tarot ✴ (@TarotFinance) May 9, 2022

The announcement also said that switching between Optimism and Fantom would be very smooth with the assistance of Tarot UI. In the end Tarot disclosed the names of lending pools for ZipSwap LP namely: 

ETH-USDC

ETH-DAI

ETH-WBTC

ETH-ZIP

gOHM-ETH

Lastly, Tarot said that this is just a start and the lending protocol has planned to make more pools available as additional DEXs and protocols expand on the Optimism network.

Also Read: Optimism Announces OP Stimpack and Airdrop for Builders.

Optimism is an inexpensive and quick Ethereum “Layer 2” blockchain. Like Ethereum and Fantom, Optimism also offers a strong and secure foundation for advanced DeFi.

Subscribe to The Crypto Times for more Defi related updates.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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