Avault Now Launch on Optimism

Avault
4 min readFeb 21, 2023

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We are delighted to announce Avault has officially launched on Optimism now. We are grateful for the generous grant provided by Optimism & LI.FI and belief in our project. This is the further step that the Avault team achieved on Layer2.

Users on other chains(such as BNB chain, and Polygon) can interact with the dapps on Optimism via Avault, and realize a series of functions such as omni-staking, omni-compounding, and omni copy-trading in one click. By using Avault, users do not need to prepare the gas fee of target chain, nor do they need to transfer assets from chain a to chain b through the bridge by themselves.

To promote omnichain interoperability, we are very excited to launch a double campaign with Li-Fi on Optimism. That would be the second stage of our giveaway! As participants, instead of getting avault exclusive NFT by interacting on Optimism, you will be able to get the NFT issued by LI.FI as well. The NFT holders will be entitled to receive future benefits from Avault as one of the early adopters in the community ( ✈️ 🪂)

How to Join

The campaign includes two parts of the mission. Please complete all the missions on Avault and LI-FI, then you will get multiple NFTs. After completing all the missions below, please don’t forget to verify on Galxe!

Mission on Avault: Join Now

  1. Follow Optimism on Twitter
  2. Follow Avault on Twitter
  3. Follow LI.FI on Twitter
  4. Follow Stargate on Twitter
  5. RT the event announcement
  6. Enter Avault and complete the following interaction: Stake at least $10 of asset into Optimism Stargate from other chains via Avault

Note: We will take a snapshot every day, so make sure you keep your position during snapshot.

Mission on LI.FI: Join Now

  1. Follow Optimism on Twitter
  2. Follow Avault on Twitter
  3. Follow LI.FI on Twitter
  4. Follow Stargate on Twitter
  5. RT the event announcement
  6. Transfer $15 to Optimism from other chains(BNB、Polygon、Arbitrum)via Avault

How to use Avault

Part 1: Deposit

Step 1: Go to Avault website and connect your wallet

Step 2: Choose the network, dapp, and pool you would like to deposit

Step 3: a. Enter the amount you would like to deposit; b. Choose the pathway provided by LI.FI based on your demand; c. Click “Stake” and start processing

Step 4: Back to “Vault”, you can see your position there, which means your ETH has already been deposited into USDC pool of Stargate on Optimism from Arbitrum

Part 2: Withdraw

Step 1: Click withdraw on your position

Step 2: Enter the amount of token you want to withdraw, then your asset will automatically withdraw

Step 3: Check your wallet, your money will be there!

About Avault

Avault is a disruptive way to interact with an array of web3 Defi dApps. As the first one-stop omnichain yield platform on the market, Avault’s users can use any asset on any chain supported by Avault to do Omni staking, Omni copy-trading, etc on one click, so they can forget about the unwieldy cross chain experience and focus on speed, usability and what truly matters in their trade.

WebsiteDiscord | Twitter | Github | Medium

About Optimism

Optimism is a layer 2 scaling solution for Ethereum. More specifically, it is an Optimistic Rollup layer 2 solution that enables users to enjoy the decentralization of Ethereum but at lower costs and lightning speed. On top of lower gas fees, Optimistic Rollups can do many transactions off-chain while maintaining the L1 security guaranteed by Ethereum. Thus, Optimism helps scale Ethereum by running off-chain computation while putting all transaction data on-chain, significantly increasing transactions per second with gas fees being around 100x cheaper than Ethereum mainnet.

WebsiteDiscord | Blog | Twitter | Twitch

About LI.FI

LI.FI is the most advanced bridge and DEX aggregator with smart routing capabilities to find the best route to move any asset on any chain, to another asset on another chain. They have added support for 13 bridges across 15+ EVM-compatible chains, along with all DEX aggregators & DEXs on those chains, into a single solution that is available as an SDK, widget, or API.

WebsiteDiscord | Twitter | Github | Medium

About Stargate

Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain DeFi. With Stargate, users & dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality.

Discord | Telegram | Medium | Twitter

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Avault

The First One-stop Omnichain Yield Platform that aims to lower the threshold for users to use DeFi DApps.