HOME and SKATE Adopt LayerZero’s OFT Standard for Seamless Cross-Chain Transfers

HOME and SKATE have joined over 250 other tokens in adopting LayerZero’s Omnichain Fungible Token (OFT) standard, facilitating seamless, gas-only, and zero-slippage transfers across multiple blockchains via Stargate’s global liquidity layer. This integration allows HOME, a token from Defidotapp, to transfer across Base, Solana, and BNB Chain, while SKATE can move between Solana, BNB Chain, Arbitrum, and Ethereum. The OFT standard employs a mint-and-burn model, ensuring 1:1 token movement without the need for wrapped tokens or custodial intermediaries. This method maintains the total supply consistency and avoids duplication, simplifying token interoperability and minimizing risk.

The OFT standard on Stargate enables tokens to operate across different blockchains through a mint-and-burn mechanism. When a user moves an OFT from one chain to another, the token is burned on the original chain and minted on the new one. LayerZero coordinates the messaging between chains, allowing transfers without the need for wrapped tokens or custodial intermediaries. This mechanism simplifies token interoperability and minimizes risk. Projects adopting LayerZero’s OFT standard retain control over their contracts, deciding which blockchains their token operates on and how the messages verifying these transfers are managed. This is done through a customizable “Security Stack” composed of decentralized verifiers like oracles or bridge services. LayerZero itself cannot interfere with token settings or hold custody of any asset, reinforcing the non-custodial nature of the OFT model.

By using the Stargate Liquidity Layer, OFTs can offer 1:1 transfers with zero slippage between supported chains. The system also allows gas abstraction, meaning users only pay a single gas fee from the origin chain to complete a transaction across chains. This eliminates the need for separate bridging processes or the maintenance of liquidity pools across networks. Projects benefit by enabling seamless movement of tokens without deploying redundant infrastructure or relying on third-party bridges.

The OFT Adapter offers another layer of flexibility for projects that have already launched tokens on a single blockchain. This adapter enables those tokens to become omnichain without needing a fresh deployment. When used, the existing token is locked on the source chain, and an equivalent is minted on the destination chain. From there, it behaves like a full OFT, capable of being moved across LayerZero-supported blockchains. This also uses the standard mint-burn transfer process.

Currently, over 250 projects are using the OFT standard on Stargate Liquidity Layer. This includes stablecoins, blockchain-native tokens, and liquid staking tokens. This shows a broad application across asset types. As interoperability becomes more central to blockchain use, standards like OFT offer consistency, control, and reduced risk. As such, they are likely to become more widely adopted by projects aiming for cross-chain presence.