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gabrieledm/web3-cross-chain-rebase-token

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Cross-Chain Rebase Token

  1. A protocol that allows a user to deposit into a vault and return receive rebase tokens that represent their underlying balance
  2. Rebase token -> balanceOf return value is dynamic to show the increasing balance with time
    • Balance increases linearly with time
    • mint tokens to our users every time they perform an action
      • minting
      • burning
      • transferring
      • bridging
  3. Interest rate
    • Individually set an interest rate on each user base on some global interest rate of the protocol at the time the user deposits into the vault
    • This global interest rate can only decrease to incentivise/reward early adopters
    • Increase token adoption

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ERC20 that incentivises users to deposit into a vault gaining interest as rewards

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