Ooki is the first DAO lead, fully decentralized margin trading, lending and borrowing platform to launch on Optimism. There has been enormous demand for Layer 2 solutions like Optimism to provide an antidote to the expensive and volatile gas market on Layer 1. Ooki users can margin trade long or short, with up to 15x leverage, and borrow and lend digital assets using Ooki's latest interest rate engine 2.0.
As part of Ooki's Optimism deployment, Ooki is using Uniswap v3 for order executions, Chainlink as a price feed oracle, and Celer for fee bridging.
How cheap ($) will transactions be on Optimistic Ethereum?
Currently, Optimism reduces baseline user transaction costs by ~10x-50x. The table below lays out these savings by transaction type, which will improve substantially over time.
How to connect your Metamask Wallet to Optimism
Using Ooki on Optimism is a simple matter of depositing your L1 assets into L2, and then switching your wallet to interact with Optimism. You can transfer assets from Layer 1 Ethereum to Layer 2 Optimism through the Optimism Gateway. Deposits will arrive in your wallet within 5 minutes so you can start trading on Ooki right away. You can manually add Optimism's information to MetaMask (see more information on adding custom networks here) with the following information:
After you’ve transferred your assets to L2 Optimism, simply add Optimism to your network list on Metamask.