Set announced that it is available on Optimism

Set announced this Wednesday, January 12, through his Twitter account, which is already available in Optimism, so that active administrators will be able to create, manage and monetize structured products in networks at the beginning of the ecosystem so that they can better capitalize on their growth trajectory.

Image about the publication of Set Protocol on Twitter

“Today, we are pleased to announce the launch of Set Protocol on Optimism as we continue to strive to enable and scale the best-in-class decentralized asset management infrastructure to the most exciting network ecosystems”, he said through an article published in the Medium platform.

DeFi structured product scaling

The company said investors “will go where investment opportunities and communities present themselves and thrive, especially in EVM-compliant networks that allow these network participants to use familiar tool sets to switch between networks with ease (Avalanche, BSC, Polygon, Arbitrum, Optimism)”. In addition, he assured that they are seeing significant progress in increasing support for the incorporation of wallets and centralized exchanges, as well as a flurry of bridge routers between chains, all of which leaves 2022 poised for significant growth.

Recognizing this, he highlighted that they want to enable the ability of asset managers to create, manage and monetize investment products in scaling solutions early in the ecosystem so that they can better capitalize on the growth trajectory. Today we are excited that you are at Optimism, a network, team and brand that we have had the pleasure to work with and, together with the rest of the crypto community, we are very excited to see 2022 prosper with us alongside them.

Also read: Moonbeam Network available on Polkadot

Why Optimism?

The company explained that Optimism is an EVM-compliant scalability solution for Ethereum that allows us to further scale the adoption of our leading decentralized asset management infrastructure at a fraction of the cost, while maintaining the security and decentralization benefits of Ethereum.

In his view, the ecosystem already has a variety of DeFi primitives including MMA, synthetic derivatives, options trading, binary options, and more. Over $400 million in assets have been pooled from the base layer and protocols like Uniswap, Synthetix, Lyra, Thales, dHedge, Aave V3 are already in place with highly sought after projects like Curve and Olympus DAO planning to do so soon. In 2022, we expect a stream of projects joining Optimism to follow in the footsteps of others as volume and active users continue to grow, naturally creating a flier of activity.

“With this in mind, as an asset management infrastructure, one of Set’s missions is to ensure that we are freeing up asset managers to create structured products during the early stages of a network ecosystem so that they can better capture and leverage any native asset, initiative or liquidity. incentives that may arise. This adds to the fact that Optimism is a much more scalable environment for operations compared to Ethereum in terms of portfolio management and rebalancing”, he said.

Related Posts