Yellow has announced its integration with Scroll, a cutting-edge Layer 2 solution for Ethereum. This collaboration enhances trading capabilities and liquidity support in the Yellow ecosystem.
Benefits of Scroll
Scroll is an Ethereum-based Layer 2 scaling solution that reduces fees and speeds up transactions. It is compatible with EVM, ensuring integration with dApps and smart contracts. By supporting Scroll, Yellow offers a seamless experience for traders and investors, facilitating the trading of key assets like SCROLL, USDC, and ETH.
What's New for Yellow Vault Users
Yellow Wallet users will gain access to new features due to this integration. For instance, they can trade BTC, ETH, USDT, USDC, and the native SCR token. Scroll's Layer 2 technology enables faster and cheaper transactions. Cross-chain trading support is also planned, improving liquidity for Scroll assets.
Enhancing Liquidity for Scroll Assets
The integration of Yellow's liquidity enhancement technology with Scroll allows Yellow Wallet and Terminal users to strengthen Scroll-backed asset liquidity pools. This expands DeFi accessibility across both platforms and facilitates streamlined cross-chain trading of Scroll assets.
Yellow and Scroll are jointly working towards a decentralized and scalable global financial ecosystem, fostering innovation and development in trading.
