TechFlow news, according to official updates, Ethereum layer-2 scaling project Celer Network will launch Layer2.finance, an Optimistic Rollup-based DeFi scaling solution aiming to utilize Layer 2 rollups in a different way. However, Layer2.finance will not migrate DeFi protocols themselves to Layer 2.
Layer2.finance builds a model similar to a decentralized intermediary. Users deposit funds on the Layer 2 chain and use special Layer 2 transactions to specify which DeFi protocols they want their funds allocated to. Layer2.finance plans to launch its 1.0 version in the first quarter of 2021, initially supporting protocols such as Curve, yEarn, Compound, and Aave, before upgrading to ZK Rollup after the initial iteration phase.
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