Hvcrypto
@hvcrypto
🧵Thread: Discover everything about the multi-chain token thanks to LayerZero OFT! 1/ What are LayerZero OFTs? Omnichain Fungible Tokens (OFTs) natively live on multiple chains without the need for wrappers. This allows for economical, fast, and secure transfers between blockchains such as ETH, BASE, and othe…
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Hvcrypto
@hvcrypto
5/ Improved security: Unlike traditional bridging solutions, OFTs reduce security risks by utilizing LayerZero's secure infrastructure. 6/ Practical applications: · Phaver: Utilizes OFTs for economical and seamless transfers, enhancing the user experience. · $SOCIAL Token: Will be multi-chain, allowing for seam…
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Femi
@phemzzy
Interesting 🤔
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