At defi.money, we envision a future where liquidity flows freely across chains, transcending boundaries and offering a frictionless experience for all users. To make this vision a reality, we’re excited to announce our strategic partnership with LayerZero, a critical step in expanding our protocol’s cross-chain capabilities.
LayerZero’s V2 Omnichain Fungible Token (OFT) standard allows us to do more than just bridge tokens—it allows us to make defi.money itself natively cross-chain. By working closely with LayerZero we unlocked the potential for seamless, secure, and scalable liquidity across the many Layer 2 chains we support, and countless more that we plan to expand toward in the near future.
An Omnichain Protocol...A Paradigm Shift
In most DeFi protocols, cross-chain functionality is limited to bridging tokens, often through complex wrapping mechanisms. But at defi.money, we’ve taken an entirely different approach, building a truly omnichain protocol from the ground up. With LayerZero’s OFT standard, not only are our tokens—$MONEY and {REDACTED}—interoperable across multiple chains, but our entire protocol operates natively on each chain we support.
This allows defi.money to function seamlessly across Layer 2s, with $MONEY minted, borrowed, and moved across networks without any wrapping or duplication. The flexibility to mint stablecoins on multiple chains, combined with the ability to bridge assets effortlessly, sets defi.money apart from other stablecoin protocols. Unlike crvUSD, which can only be minted on Ethereum, $MONEY is designed from day one to exist across many chains, making it a truly omnichain asset.
Imagine opening a loan on Arbitrum, minting $MONEY, and then bridging it to Optimism to pay off a loan there—all without wrapping or friction. The same token moves seamlessly between networks, enabling users to leverage liquidity wherever it’s needed most.
Chain Wars | A New Era of Governance
The concept of “Chainwars” builds on the famed “Curve Wars,” where protocols and DAOs locked governance tokens to gain control over emissions. But Chainwars takes this one step further—entire blockchains can now participate in the competition. By locking defi.money’s governance token $GM, chains gain voting power to direct defi.money’s emissions to their deployment of the protocol. The more voting power a chain accumulates, the more emissions it can redirect, incentivizing borrowers and increasing liquidity on that chain!!
This governance model creates an ecosystem where chains compete for liquidity, driving innovation and collaboration across the DeFi space.
This is an industry first and will change the concept of Chains Wars as we know it...
Secure and Frictionless Bridging
Security is paramount when dealing with cross-chain assets. With LayerZero’s OFT standard, defi.money maintains full control over the $MONEY token contract, eliminating third-party risks and ensuring the integrity of cross-chain transactions. LayerZero also allows us to define how many decentralized verifiers must attest to a cross-chain message’s validity, giving us the flexibility to scale security as needed.
When you bridge $MONEY between chains, it’s a straightforward process—tokens are burned on the sending chain and minted on the destination chain, maintaining a consistent supply across all networks. You only pay gas on the originating network, and once the transaction is confirmed, your $MONEY appears on the destination network with no extra steps.
The Ultimate Layer 2 Experience
Layer 2 networks are the future of DeFi, and we’re building defi.money to capitalize on that future. With LayerZero’s foundational support, we’re creating an interconnected liquidity layer for $MONEY that operates across all major Layer 2 ecosystems. As these networks grow, we’re prepared to scale alongside them, ensuring fast, cheap, and secure liquidity for all users.
Whether you’re bridging assets between chains, borrowing on one network and repaying on another, or simply holding $MONEY across multiple ecosystems, defi.money will offer a seamless, intuitive experience.
Looking Forward
This partnership with LayerZero is a pivotal moment for defi.money, but it’s only the beginning. We’re already planning expansions to more Layer 2 chains and beyond, building a truly omnichain future where liquidity flows without barriers.
Stay tuned—there’s much more to come as we continue to push the boundaries of what’s possible in cross-chain DeFi.
Upwards and onwards,
Team @defi.money
About defi.money
WELCOME TO THE NEW DIGITAL ERA OF $MONEY
