tanx-partners-with-optimism-creating-a-brighter-future-for-defi

tanX partners with Optimism: Creating a brighter future for DeFi

tanX partners with Optimism: Creating a brighter future for DeFi

Christine George

Community

2

min read

Feb 12, 2024

High fees on Ethereum giving you a pessimistic outlook on decentralisation? Enter Optimism - the Layer 2 scaling solution built to fortify decentralised exchanges by leveraging the power of optimistic rollups to improve user experience while retaining the security protocols of Ethereum.


So what benefits does Optimism offer which make it stand out as a Layer 2 solution?


Benefits of the Optimism network

  • Faster Transactions: Optimism significantly increases transaction speeds compared to the Ethereum mainnet. This allows for quicker trade execution and a smoother user experience.


  • Lower Fees: High gas fees on Ethereum can be a barrier for many users. Optimism drastically reduces transaction costs, making DeFi cost-effective and thus more accessible.


  • Enhanced Security: Optimism also boasts the security of the Ethereum blockchain, ensuring the safety of user funds and assets on DEXs built on the Optimism network.


  • Scalability: Optimism addresses the scalability limitations by processing transactions off-chain. This allows DEXs to handle a higher volume of users and transactions without compromising speed or efficiency.


  • EVM Compatibility: The Optimism network is compatible with the Ethereum Virtual Machine (EVM), allowing for seamless deployment of existing Ethereum-based DEXs (like tanX) without major code modifications.


  • Community-Driven Governance: Optimism fosters a transparent and democratic governance model, empowering its community to shape the future of the network. This aligns well with the core principle of decentralised finance and allows everyone to participate in the process of shaping the ecosystem.


An Optimistic Future


The Optimism network has a bright future ahead of it. A focus on decentralisation empowers the community, while potential revenue streams fuel further growth.


Optimism's focus on fostering a sustainable ecosystem through public goods funding aligns with the principles of many DEXs, enabling mutually beneficial partnerships. Its commitment to Ethereum also makes it a great partner for DEXs seeking to expand their reach while maintaining a familiar development environment. We’re truly ‘optimistic’ about the future.


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Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

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tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.