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Cross-chain Rebase Token

  1. A protocol that allows users to deposit into a vault and in return receive rebase tokens that represent their underlying balance

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

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

    • Indivisually set an interest rate or each user based on some global interest rate of the protocol at the time the user deposit into the vault.
    • This gloabal interest rate can only decrease to incetivise/reward early adaptops.
    • Increase token adaptation.

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project from cyfrin updraft

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