DeFi firms Iron Bank, Yearn Finance join layer 2 protocol Optimism

Ethereum-based lending and borrowing platforms Iron Bank, Yearn Finance and Homora joined layer 2 network Optimism on Tuesday. The firms joined the protocol to improve cross-chain interoperability, security and capital efficiency for their users

Optimism users will now be able to borrow against their crypto assets, while benefiting from competitive gas fees, attractive rewards, and yield options.