A small ๐งต on how to use your $WBTC, $WETH and $USDT to earn north of 100% APY on @MIM_Spell using our latest tricrypto market boosted by @iearnfinance!๐๐ฅ
Check it out๐๐ป๐งต
2/๐ช
Step one!1๏ธโฃ๐๐ป
Deposit $WBTC, $WETH or $USDT into @CurveFinance tricrypto pool on Ethereum here๐๐ป๐ฆ
๐งโโ๏ธ - "Move to Arbitrum move to Arbitrum!"
BUT WHY?
We know you love tweet ๐งต so here it goes ๐
@arbitrum is a layer 2 scaling solution based on optimistic rollups (ORU). Which makes transacting faster and cheaper.
In short ORU works by processing transactions on the L2 and the results then being posted to the mainchain.
Arent L2s less secure and decentralized?
The pros of ORU are that the data is actually stored on the mainchain, it is thus equally as decentralized and secure.
The other benefit of ORU also being that it is EVM and solidity compatible of course. ๐