LayerZero OFTs are now live on Superbridge!
Now assets like USDe, ZRO and WBTC can flow between networks with the same great UX you’ve come to love with Superbridge.
On OFTs
Omnichain Fungible Tokens are a protocol for bringing assets to multiple chains. Existing, siloed assets can be made multichain with adapter contracts, where assets are locked/unlocked on the source chain, or deployed natively across chains from the beginning.
OFTs are built to be extensible, with token teams ultimately owning the deployed contracts - configuring security parameters and more - the LayerZero messaging and verification systems underpin all cross chain interactions.
As a result we see a wide array of OFTs existing in the wild, with LayerZero Labs providing many off the shelf solutions for developers,
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Built-in rate limiting, where teams set a threshold on how much volume can flow in or out of a chain
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Mint and burn adapters, for tokens that have pre-existing mint and burn functionality, allowing LayerZero to be added to the cross-chain messaging layer
- PayPals’ PYUSD is a great example of a mint and burn OFT
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Native token adapter, for rollups or chains using custom gas tokens, OFTs allow bridging out of these assets immediately, without needing to observe any rollup finality delays
- Degen is an Arbitrum Orbit rollup on top of Base, but uses the OFT standard for DEGEN bridging
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Alternative payment tokens, allowing LayerZero relayers to collect fees in more stable assets
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Bridging fees, for some teams per bridge transaction fees are desirable, and these can easily be configured on an as needed basis.
On LayerZero
Currently deployed across 120+ networks, LayerZero is the leading choice for many when choosing an interoperability provider.
Not constrained to the EVM (chains like Ethereum Mainnet, Base, Arbitrum, etc), LayerZero has production deployments live on Solana, Aptos and Hyperliquid - much more from us here soon!
With top notch developer tooling, including but not limited to,
LayerZero makes it easy to build secure and robust omni-chain applications.
What’s next?
With Superbridge we’re all about native bridging, and for many OFTs, LayerZero is the native bridge! Most OFTs can’t be bridged via other means, so fast bridging is the standard, not an add on.
With hundreds of OFTs live on Superbridge now, across a range of networks including Arbitrum, Base and Ethereum Mainnet, we’re well on our way to being the home of native bridging.
We have some exciting plans for the next few months so stay tuned!