Optimism is a Layer 2 solution built on top of Ethereum, designed to make transactions faster and cheaper while maintaining Ethereum’s security and decentralization. By using a technology called Optimistic Rollups, Optimism bundles multiple transactions and processes them off-chain, significantly reducing costs and increasing throughput. The platform is designed to support decentralized applications (dApps) and simplify the user experience within the DeFi ecosystem. Optimism is a key tool for scaling Ethereum and meeting the growing demands of the blockchain space. Optimistic Rollups leverage the consensus mechanism of their parent chain, In Optimism’s case, this parent blockchain is Ethereum which uses Proof of Stake (PoS).

If you choose to hold this asset in Safello's wallet, the holding is solely for investment purposes. You cannot use features linked to the asset's network or protocol – such as governance voting rights or staking rewards – through Safello's platform.

Safello does not currently offer withdrawals for this asset, which means that you cannot transfer the holding to a self-hosted wallet via Safello in order to activate such features.