Arbitrum
PandoraDAO on Arbitrum
Arbitrum is an Optimistic Rollup scaling solution and Layer 2 (L2) protocol that allows participants to settle their transactions away from L1, leading to much lower transaction fees.
Why did we choose Arbitrum ?
While many L2s exist, Arbitrum was selected for the following reasons:
Significantly lower gas fees: On Arbitrum, transactions fees and gas are a fraction of the costs on L1.
Wide Adoption: Arbitrum currently has $2.35b in TVL.
Partnerships: With multiple DeFi transitioning to Arbitrum, it is critical for PandoraDAO to capture this momentum and establish mutually beneficial partnerships.
Security: Arbitrum has the right balance between speed, scalabilty and security.
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