Tapioca is building the first omnichain money market with LayerZero message passing. Tapioca aims to introduce a censorship-resistant, over-collateralized CDP-based stablecoin called usd0 which is the first omnichain stablecoin. usd0 utilizes the LayerZero OFTV2 (Omnichain Fungible Token V2) standard to offer a stablecoin that can be teleported across many chains without a bridge - no more fees, slippage, or long wait times. usd0 teleports from within the tokens contract, just like sending tokens between wallets and smart contracts on Ethereum.
Short Recap of LayerZero
LayerZero is a modular and highly customizable cross-chain messaging protocol that works via a Relayer and an Oracle,...