Ethereum Layer-2 scaling solution Optimistic PBC has announced a firm date for when it will launch its mainnet trial with Synthetix.
Ethereum Gas Fees Force Alternatives
Optimism PBC announced a trial run of its highly-anticipated Layer-2 Ethereum scaling solution, Optimistic Network, on Jan. 15. The tech firm will partner with popular DeFi protocol Synthetix to execute the trial.
The two teams will port Synthetix contracts to the Optimistic Virtual Machine (OVM) for initial deployment and analysis. The OVM is compatible with the Ethereum Virtual Machine (EVM), allowing developers to port Ethereum-based smart contracts.
Optimism claims the mainnet may help DeFi teams cut gas costs on the number two network and improve user experience. During Ethereum’s bullish run up past $1,000, gas fees reached an all-time high, costing users and DeFi platforms alike both money and usability.
Besides Synthetix, other leading DeFi projects such as Chainlink and Uniswap have also expressed interest in integrating with the Optimistic Network.
The upcoming trial run is expected to run for two months, after which Optimism will release a community version of the mainnet in March 2021.