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Gho Multichain

enable multichain GHO to create new synergies. Let's build layer for GHO mass adoption

Gho Multichain

Created At

LFGHO

Project Description

The present challenge with GHO is that it's mainly available through minting on Ethereum's mainnet or via secondary markets, limiting its potential impact and usefulness in the DeFi space. We envision GHO evolving into a multichain asset, allowing users to engage with it across various networks. Expanding to multiple chains would enhance GHO's accessibility and liquidity, catering to a broader range of users. For example, being on networks that charge lower transaction fees would render GHO more economical, especially for smaller transactions. Moreover, the adoption of chains with quicker transaction times could improve the overall user experience, positioning GHO as a more appealing choice for transactions that are time-sensitive.

How it's Made

We create a MultiChain Facilitator who allow you to transfert GHO from one chain to and other.

Is MultiChain Facilitator burn GHO on one chain than send CCIP message to the MultiChain Facilitator on the destination chain to mint native GHO to the user on this chain.

We use both GHO and Chainlink CCIP technologies. Our implementation is compatible with other service like Lens. Allowing them to use GHO as native tips tokens or in any other ways.

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