LayerZero is an omnichain interoperability protocol designed for efficient message transmission across different blockchains. It offers reliable and guaranteed message delivery with adjustable levels of trustlessness. Layer Zero is pioneering new applications in the DeFi sector, including trading, borrowing, and lending across various blockchains, leading to more streamlined markets. Also, gaming and media dApps can execute high-volume transactions on a single blockchain, while also having the capability to transfer, purchase, and sell NFTs on other blockchains with the most liquid markets.
TENET has adopted the Omnichain Fungible Token (OFT) standard from Layer Zero Labs, which brings a significant advantage for interoperability across blockchains. OFT is an extensible token contract, paving the way for external composition of tokens across a wide array of dApps, irrespective of the DeFi ecosystem they belong to. By adopting OFT tokens, a unified standard for all protocols and blockchains can be achieved. This seamless integration enables users to effortlessly swap across chains and utilize the tokens on any dApp on any chain.
Tenet Bridge utilises LayerZero technology in order to create a seamless bridge for LSD tokens, TENET token, tLSDs and stablecoins to be bridged to and from the Tenet network from other networks with a LayerZero endpoint. The bridge also allows for OFTs such as TENET and LSDC to be bridged between other non-Tenet chains.