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Orbiter Finance is a decentralized finance (DeFi) platform built on the Ethereum blockchain. Layer two refers to a scaling solution that operates on top of the Ethereum mainnet, which is designed to increase the transaction speed and reduce gas fees.
The Orbiter Finance layer two solution is built on top of the Optimism protocol, which uses Optimistic Rollups to process transactions off-chain and then settle them on-chain. This allows for much faster transaction times and lower fees compared to traditional on-chain transactions.
In practical terms, this means that users can interact with Orbiter Finance more quickly and cheaply than they would be able to if the platform relied solely on the Ethereum mainnet. This makes it easier for users to engage with the platform and for developers to build applications on top of it.
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