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WrappedToGho

Multichain Gho Issuance protocol to simplify payments backed by GHO stable coins 1:1

WrappedToGho

Created At

LFGHO

Project Description

the GHO Wrap Protocol represents a pivotal evolution in the utilization of GHO tokens, offering users a comprehensive and secure solution for unlocking the full potential of decentralized transactions across multiple blockchain networks. With its innovative features, including multichain capability, interoperability, low fees with L2 EVM rollups, exceptional transaction speed, and a security-focused architecture, GHO Wrap is poised to redefine the landscape of blockchain-based transactions.

How it's Made

We use layerzero to transmit deposit messages crosschain and mint wgho tokens and reburn them on destination chain to get GHO tokens on Source chain which are always 1:1 so liquidity is retained. So you can make payments on destination chain saving gas and still be able to redeem GHO at any point later 1:1 on source chain

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