OFT (Omnichain Fungible Token) Standard product
Overview
The OFT standard, created by LayerZero, specifies a token contract that operates natively across several blockchains. It allows fungible tokens to move between chains without requiring wrapping or the minting and burning of distinct versions, preserving a single integrated supply. This standard employs LayerZero’s cross-chain messaging to synchronise token balances across different networks.
Within The Counterparty graph, OFT (Omnichain Fungible Token) Standard connects to 3 tracked entities, most strongly to LayerZero, USDT0 (Omnichain Tether), PayPal USD.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | LayerZero | 90% |
uses | USDT0 (Omnichain Tether) | 90% |
powers | PayPal USD | 70% |
Frequently asked questions
What is OFT (Omnichain Fungible Token) Standard?
OFT (Omnichain Fungible Token) Standard is a product tracked in The Counterparty knowledge graph. It is connected to 3 other tracked entities, most strongly to LayerZero, USDT0 (Omnichain Tether), PayPal USD.
What type of entity is OFT (Omnichain Fungible Token) Standard?
OFT (Omnichain Fungible Token) Standard is classified as a product (product) in The Counterparty knowledge graph.
What is OFT (Omnichain Fungible Token) Standard connected to?
In The Counterparty knowledge graph, OFT (Omnichain Fungible Token) Standard is linked to 3 other tracked entities, most strongly to LayerZero, USDT0 (Omnichain Tether), PayPal USD.