Premia launches on Optimism
Optimism joins the ranks of Arbitrum and Fantom as the newest L2 for Premia to deploy on! We’re excited to support the scaling of Ethereum L2s and the multi-chain future. Adding Optimism to Premia gives our users access to market-driven priced options on another L2 while also providing users with a place to deposit their assets on Optimism to earn yield.
Details of the Premia Optimism launch
At launch, Premia will support ETH and OP option markets on Optimism. We plan to add more tokens as demanded by the community to help support the Optimism ecosystem. If there’s other assets you’d like to see supported by Premia on Optimism, let us know on our discord.
Users on Optimism will be able to provide liquidity to the following pools:
- OP in the OP/USDC call pool
- USDC in the OP/USDC put pool
- ETH in the ETH/USDC call pool
- USDC in the ETH/USDC put pool
As with all our liquidity pools, the yield for the pools on Optimism will be determined by assigning a certain number of allocation points to the pools initially and adjusting if necessary. On top of the yield from the allocation points, users will earn yield in their deposited asset based on the volume in the pool (how many options get underwritten using their capital). You can get started depositing OP and ETH to our Optimism pools here (https://app.premia.finance/pools).
Users will also be able to take advantage of cross-chain arbitrage. As price disparities emerge on ETH across Ethereum, Arbitrum, Fantom, and Optimism , users will be able to purchase options that take advantage of these market inefficiencies. Additionally, users can take advantage of the price differences in the options on the different chains and L2s.
Extra feature releases with Premia Optimism Launch
Premia on Optimism will still be v2 at launch with the sell feature re-enabled. v3 soon™️
Along with Optimism deployment, we are releasing route-optimized swaps for all swaps on the platform. This includes token for token swaps, deposit into pool swaps, and purchase option swaps. This will provide for the best pricing, as deposits and purchase swaps on Arbitrum, Optimism, Ethereum Mainnet, and Fantom will route through the best priced dex on that chain. This results in more efficient routing and better option pricing if you’re swapping.
We’re also releasing a new unified bridge with the Optimism deployment (via Socket.tech integration), allowing you to bridge any asset from any chain to any other chain. This includes a swap in-between and yes, it will still use the best priced bridge and the best priced dex to get you from asset A on the originating chain to asset B on the destination chain in a single transaction.
Looking forward, shortly after Optimism launch we will be moving forward with our tokenomics upgrade with vePremia — you can read more about it here.
Have questions about Premia?
Drop by our Discord server and chat with us, we would be happy to answer all your questions about the Premia ecosystem.
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