Building an cross-chain Rumi Token infrastructure with Layer Zero

Rumi Finance is committed to utilizing the best technology and standards to ensure a seamless and efficient experience for its users. For this reason, Rumi token will be built on the Layer Zero's Open Finance Token (OFT) standard, a unified token standard designed to facilitate interoperability and simplify token management in the decentralized finance (DeFi) ecosystem.

By incorporating the Layer Zero OFT standard, Rumi Finance aims to achieve:

Enhanced Interoperability: Leveraging the OFT standard ensures compatibility with other DeFi platforms and services, making it easier for users to interact with Rumi's token and other protocols in the ecosystem.

Simplified Token Management: The OFT standard provides a standardized framework for creating and managing tokens, reducing the complexities associated with custom token development, and streamlining the maintenance and upgrade process for the Rumi team.

Improved Security and Compliance: Adherence to the OFT standard helps ensure that Rumi's token complies with industry best practices and security standards, minimizing potential risks and vulnerabilities.

The utilization of Layer Zero's OFT standard demonstrates Rumi Finance's commitment to interoperability, security, and industry standards, further strengthening the credibility of the tokenomics model and ensuring a robust and future-proof token infrastructure.