this post was submitted on 04 Dec 2023
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Recommendation On A Layer 2...Specifically For Defi. (alien.top)
submitted 2 years ago by Reaper7One@alien.top to c/ethereum@blockchained.world
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Hello All,

Have been using defi (Oasis, Defi Saver, Avve, Uniswap, etc) on the ethereum mainnet for as long as I can remember.

Getting tired of the high gas prices. Thinking of using metamask to bridge to optimism which is integrated which is integrated with most of the Dapps I am using.

This is my first time using Layer2s. Was always concerned with centralization and safety but transaction costs on the mainnet are brutal and will probably only get worse if we see a new bull run.

How secure/safe is optimism? What is the best/safest ways to bridge assets back and forth. Is there a better way to accomplish what I am trying to do?

Thanks in advance for the help!

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[–] nikola_j@alien.top 1 points 2 years ago

Hey, mate, you mentioned DeFi Saver, so I just wanted to mention that we're live on Arbitrum, Optimism and Base in terms of L2s, though guessing you've already seen all of that.

Specifically, the supported protocols we have on L2s are:

  • Arbitrum: Aave v3, Compound v3-USDC, Compound v3-USDCe
  • Optimism: Aave v3
  • Base: Aave v3, Compound v3-USDbC, Compound v3-WETH

I personally use Arbitrum and that is definitely where we see the most usage on L2s currently. I think that's to be expected given how much more liquidity there is compared to others (check out DeFi Llama for a list of chains by TVL). For the time being, that would be my suggestion, but definitely try checking available liquidity for assets most important to you (e.g. by comparing rates for different swap sizes on different L2s).

If I can help with or clarify anything further, please feel free to @ me. Also adding a disclaimer that I'm a defi saver team member, just in case it wasn't absolutely obvious from the rest of my reply.