🌉LayerZero Bridge
Omnichain Penpie
Last updated
Omnichain Penpie
Last updated
Penpie has successfully implemented the groundbreaking technology of LayerZero.
LayerZero is an omnichain interoperability protocol designed for efficient message transmission across different blockchains. It offers reliable and guaranteed message delivery with adjustable levels of trustlessness. Layer Zero is pioneering new applications in the DeFi sector, including trading, borrowing, and lending across various blockchains, leading to more streamlined markets. Also, gaming and media dApps can execute high-volume transactions on a single blockchain, while also having the capability to transfer, purchase, and sell NFTs on other blockchains with the most liquid markets.
Penpie has adopted the Omnichain Fungible Token (OFT) standard from Layer Zero Labs, which brings a significant advantage for interoperability across blockchains. OFT is an extensible token contract, paving the way for external composition of tokens across a wide array of dApps, irrespective of the DeFi ecosystem they belong to. By adopting OFT tokens, a unified standard for all protocols and blockchains can be achieved. This seamless integration enables users to effortlessly swap across chains and utilize the tokens on any dApp on any chain.
Both PNP and mPENDLE tokens use the OFT-20 standard. This standard facilitates their smooth transfer between Ethereum, Arbitrum, BNB Chain and Optimism offering users the flexibility to engage with Penpie on their preferred network. With the implementation of OFT V2, PNP and mPENDLE tokens could also be transferred with ease to non-EVM blockchains in the future.