We are Live on Optimism!
1 min read

We are Live on Optimism!

We are Live on Optimism!

Coming off the announcement of the L2 on Arbitrum, we’re excited to announce Saddle is now live on L2 with Optimism, launching with the following pools:

  • Stablecoin pool composed of USDC, USDT, and DAI
  • FRAX metapool

The FRAX metapool will be co-incentivized as follows:

  • 4,958,678 SDL tokens (~0.5% of total supply) over ~6 months. Read more about pool incentives in the tokenomics article here.
  • To-be-determined amount of FXS tokens.

Amount of FXS incentives will be determined over the next weeks via Frax governance. Stay tuned on Discord!

As the total value locked on Optimism continues to rise, a secure AMM to swap pegged value assets has become an important need in the emerging L2 DeFi ecosystem. Saddle will allow Optimism users to swap pegged-value assets with low slippage, while continuing to serve as a key building block in the broader space.

For a guide on working with L2s on Saddle, visit our Layer 2 Guide in the Saddle docs.

ABOUT SADDLE

Saddle DAO is a decentralized automated market maker (AMM), optimized for trading pegged value crypto assets with minimal slippage. Saddle enables fast, low-cost, and low-slippage swaps for traders and high-yield pools for LPs.

Our values are rooted in collaboration, in building Saddle as a DeFi lego block, in helping DeFi teams bring AMMs to any blockchain.

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