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Cross-chain Rebase Token

  1. A protocol that allows user to deposit into a vault and in return, receiver(system) mints rebase tokens that represent their underlying balance.

  2. Rebase Token -> balanceOf function is dynamic to show the changing balance with time.

    • Balance increases linearly with time
    • mint tokens to our users every time they perform an action (minting, burning, transferring, or... bridging) (IMP)
  3. Interest rate

    • Individually set an interest rate or each user based on some global interest rate of the protocol at the time the user deposits into the vault
    • This global interest rate can only decrease to incentivise/reward early adopters.
    • Increase token adoption!

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Cross-Chain Interoperability Protocol in use.

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