DeversiFi, now powered by StarkWare, enables super-fast withdrawals from L2 to any other address on Ethereum. The exchange revealed that it has teamed up with StarkWare and the Ethereum based Crypto exchange community that provides traders the edge in the fast-moving Decentralized Finance markets. The exchange revealed that it has teamed up with StarkWare to utilize the very first time a brand new kind of L2 deal called “conditional transfer.” DeversiFi enabled super-fast withdrawals from L2 to any other address on Ethereum. Traders can now move their tokens from layer 2 to layer 1 at the fastest possible speed. They can now send, swap and lend tokens at a much faster rate without paying any Ethereum network fee. DeversiFi Enables Super-Fast Withdrawals Between L2 and L1 “We believe that conditional transfers will become one of the most important building blocks over the next year as DeFi begins to migrate over to L2s. The Ethereum community is rightly excited at the moment about L2s, but whether we are speaking about zk roll-ups, Validiums, or optimistic roll-ups, interoperability between different applications and with Layer 1 is still a challenge that the ecosystem will need to overcome in order for DeFi to migrate.” – The DeversiFi Team DeversiFi Powered by StarkWare It is the very first-time DeversiFi collaborated with StarkWare to use a new type of L2 transaction. In simple terms, the motive of the project is to withdraw 1ETH from the L2 account directly to one of the Ethereum addresses without waiting several hours for the next batch to process. To operate this the withdrawal is assisted by the operator using conditional transfers, which overcomes the need of the user to trust the operator. Here, the operator proceeds as a liquidity provider, accepting the funds of users available on Layer 2, and sending back the funds to the user on Layer 1. The team believes that conditional transfers have become one of the most significant building blocks over the next few years, especially when DeFi begins to migrate over layer 2.
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