Velodrome, the largest native application on the Optimism stack, is integrating with Metal L2, also known as "The Banking Layer." This integration marks a significant milestone as Metal L2 joins the esteemed Optimism Superchain, alongside networks like Coinbase’s ‘Base,’ Worldcoin, and Frax.

A New Era of Liquidity

Velodrome's core team successfully submitted a proposal to the Metal DAO, securing $MTL incentives aimed at bootstrapping deep liquidity pools on Metal L2. This strategic initiative will enhance the ecosystem with Velodrome’s proven MetaDEX technology, providing the substantial liquidity necessary for the development and growth of the Metal L2 chain.

Innovative Solutions for the Superchain

Metallicus, the driving force behind Metal L2, is set to revolutionize the Superchain with its plug-and-play fiat on-ramp, Metal Pay Connect. This solution will enable any Optimism-based application to seamlessly onboard users with fiat, ensuring compliance and streamlining user experience through a white-label on-ramp. Additionally, Metallicus plans to deploy a suite of cutting-edge solutions for the Superchain, including:

• WebAuthentication (WebAuthn) Wallet with WebAuth.com: This wallet leverages decentralized identity (DID) technology through Metal Identity, ensuring secure and efficient user authentication.

• Metal Dollar (XMD): A reserve-backed stablecoin index designed to provide stability and reliability within the crypto market.

These innovations will bring enhanced connectivity to the Metallicus Digital Banking Network, bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi).

Leadership Insights

Marshall Hayner, CEO of Metallicus, expressed his enthusiasm about the integration: "We're thrilled to welcome Velodrome to Metal L2. This integration aligns perfectly with our vision of building the most customer-centric digital asset banking network. By combining Velodrome's innovative DEX with our robust Layer 2 solutions, we are bridging the gap between DeFi and TradFi, creating a seamless experience for users."

Alex from Velodrome echoed this sentiment: "Bringing Velodrome to Metal L2 is a significant step forward for our platform and the broader Superchain ecosystem. We are excited to serve as the central trading and liquidity hub for Metal L2 and to help bring their unique banking capabilities and Metal Pay’s fiat on-ramp to the broader Superchain.”

Stay Tuned

The integration of Velodrome with Metal L2 signifies a new chapter in the evolution of the Optimism Superchain. This partnership promises to enhance liquidity, improve user onboarding, and deliver innovative banking solutions, setting the stage for a more interconnected and efficient DeFi ecosystem.

Stay tuned to MetalL2.com for more updates on this exciting development and join us as we continue to drive the future of digital finance.

If you wish to speak with the team at Metal L2 about integrations and partnership opportunities please email paul@metallicus.com