Omnichain Fungible Token (OFT) Standard product
Overview
LayerZero has introduced the Omnichain Fungible Token (OFT) Standard, a token framework that allows a single fungible token to move across several blockchains without reliance on wrapped or synthetic versions. The standard uses LayerZero’s cross-chain messaging system to manage token supply across chains, employing either burn/mint or lock/unlock processes.
Within The Counterparty graph, Omnichain Fungible Token (OFT) Standard connects to 2 tracked entities, most strongly to LayerZero Labs, USDT0 (Omnichain USDT).
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
developed | LayerZero Labs | 95% |
built_on | USDT0 (Omnichain USDT) | 85% |
Frequently asked questions
What is Omnichain Fungible Token (OFT) Standard?
Omnichain Fungible Token (OFT) Standard is a bridge tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to LayerZero Labs, USDT0 (Omnichain USDT).
What type of entity is Omnichain Fungible Token (OFT) Standard?
Omnichain Fungible Token (OFT) Standard is classified as a bridge (product) in The Counterparty knowledge graph.
What is Omnichain Fungible Token (OFT) Standard connected to?
In The Counterparty knowledge graph, Omnichain Fungible Token (OFT) Standard is linked to 2 other tracked entities, most strongly to LayerZero Labs, USDT0 (Omnichain USDT).