Users deposit and lock assets on Ethereum in exchange of the same amount of an equivalent token on OP Mainnet. Vice verse users can withdraw the assets from OP Mainnet in exchange for the same amount on Ethereum.

Optimism Gateway is an asset bridge built on Ethereum and OP Mainnet. Optimism Gateway was developed by OP Labs and launched in 2022.

OP Labs team & investors own and govern the protocol. OP Labs' investors include Paradigm, a16z, IDEO CoLab Ventures, etc.

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Optimism Gateway - Financial statement