Mar 16 | 2 min read
Over the last year crypto indices have seen increasing interest from DeFi and FinTech communities, but due to a fairly high entry point for profitable trades they have until now been most popular amongst professional traders and institutions. Argent’s new Layer 2 solution marks a substantial step forward in democratizing accessibility of ERC-20 tokens.
Index Coop is the industry leader in building state-of-the-art crypto index products, offering a broad variety of vehicles to individuals and institutions. All Index Coop products are optimized for ease of use, security, gas and tax efficiency. However, Ethereum gas fees have made profitable trading and staking limited to those who hold at least a mid-sized amount of tokens, resulting in rising popularity of Layer 2 solutions. These new L2 chains introduce the ability to reduce transaction fees to a fraction of the price of the fees on Ethereum.
Argent is taking intuitive user experience and onboarding to a new level, making it the most simple and secure smart wallet for crypto. Wallet users are able to easily store and send assets, earn interest, and trade facilitated by ZigZag Exchange. By adapting familiar UX concepts from fiat banking apps, users new to crypto will be able to quickly start understanding and navigating their crypto portfolio. But Argent’s technology innovation goes beyond ease of use. There are three primary benefits to Argents Layer 2 accounts.
By plugging into zkSync, a Layer 2 network built on top of Ethereum, transaction fees are up to 100X cheaper than mainnet. And by using ZigZag’s innovative exchange, users can enjoy better prices when trading. This unlocks the ability for smaller purchases in order to build out positions in index products over time without prohibitive gas fees.
Unlike centralized exchanges such as Coinbase or Gemini, Argent is a non-custodial wallet which means that you and only you are in control of your assets. Argent is also trailblazing wallet recovery solutions which provide access to DeFi more in line with the types of guard rails modern consumers have come to expect.
As a true Layer 2 solution zkSync provides low-fees and near instant transactions while inheriting all the security of the Ethereum Layer 1.
Argent’s zkSync wallet gives you the best of Ethereum at up to 100X cheaper fees than L1. You can onramp fiat and swap for any of our thematic indices seamlessly in-app.
Download Argent on iOS or Android to create a wallet and start trading today. It’s quick and easy!
Disclaimer: This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.
Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.
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