TarotProtocol Expanding To Multiple Chains On Optimism

Published on: 11.05.2022

Tarot is excited to announce: that the TarotProtocol expanding to multiple chains On Optimism.

A golden dawn always follows the darkest of nights. A feeling of optimism and fulfillment abounds.

Tarot on Optimism

Optimism is the first network in our ambitious, multi-chain expansion strategy. With the launch of Tarot on Optimism, they are positioned to leverage the unrivaled capabilities and expand their reach as a top-tier lending protocol, just as deep liquidity and other advanced projects come to Optimism to take part in “OP Summer.”

Switching between Optimism and Fantom is seamless within the Tarot UI.

At launch, the following 5 lending pools for ZipSwap LP are available, with more pools planned as additional DEXs and protocols expand onto the Optimism network:

ETH-USDC
ETH-DAI
ETH-WBTC
ETH-ZIP
gOHM-ETH

Why Optimism

Optimism has attracted many users and protocols to their network since their mainnet launch, and total value locked (TVL) on Optimism is currently over $400M. Beyond the technical merits of the OP ecosystem, we believe the core tenets of Tarot DAO are fully aligned with the Optimistic Vision.

The Optimistic Vision

Web3 has opened the door to a new potential reality — a cyberspace not only occupied but governed by its citizens. We’re presented with an opportunity to reinvent the way we organize in this digital age.

It is critical we seize the occasion. Cyberspace today suffers from a monumental market failure because it has inherited economic rulesets built for the physical world. Yet unlike the old world of flesh and steel, cyberspace is built on information, a substrate which can be freely replicated. This means public goods are far more important to the growth of cyberspace but our markets are ill-equipped to nurture that growth. We are being held back by our inability to reward the creators of these public goods for the clear impact that they have.

The Optimism Collective is a new model of digital democratic governance optimized to drive rapid and sustained growth of a decentralized ecosystem. The Collective is a band of communities, companies, and citizens united by a mutually beneficial pact to adhere to the axiom of impact=profit — the principle that positive impact to the collective should be rewarded with profit to the individual. This axiom serves as a North Star, motivating the creation of a more productive and empathetic economy.

About Optimism

Optimism is a low-cost and fast Ethereum “Layer 2” blockchain. Like Ethereum and Fantom, Optimism provides a strong, secure foundation for advanced DeFi protocols: