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LayerZero OFT

Definition ∞ LayerZero OFT refers to the Omnichain Fungible Token standard developed by LayerZero Labs. It enables a single token to exist and be utilized across multiple blockchains simultaneously, facilitating seamless cross-chain asset transfers and liquidity management. This standard aims to simplify the user experience for fungible tokens in a multi-chain environment.
Context ∞ LayerZero OFT is often discussed in relation to its adoption by various DeFi projects and its role in bridging liquidity across different networks. News cycles frequently cover new integrations, the performance of OFT-enabled tokens in cross-chain transactions, and the potential impact of this standard on token fungibility and capital efficiency within the broader decentralized finance landscape.

A sophisticated, blue-tinted modular hardware assembly showcases intricate metallic and white components, emphasizing a core mechanism. At its center, a granular white substance, metaphorically representing raw transaction data or cryptographic input, appears to be actively processed. A flat panel with visible circuit traces on a peripheral module suggests embedded smart contract logic or a display of blockchain protocol execution. This high-fidelity render evokes a decentralized network's physical infrastructure, where consensus mechanisms are vital for digital asset processing and the integrity of a distributed ledger, critical for Web3 applications and enterprise blockchain solutions.

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Yala Stablecoin Protocol Suffers $7.64 Million Key Compromise Exploit

A compromised deployment key enabled an attacker to mint unauthorized tokens and drain significant assets across multiple chains, exposing critical off-chain security lapses.

LayerZero OFT

Yala Stablecoin Protocol Suffers $7.64 Million Key Compromise Exploit

OKX and Tether Launch USDT0 on X Layer for Unified Stablecoin Liquidity

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