What is OFT?
Traditional bridges lock tokens on the source chain and mint wrapped versions on the destination. This approach causes several problems:- Liquidity fragmentation
- Wrapped token complexity
- Bridge-specific security risks
How Transfers Work
1
Burn
Source chain TEDP contract burns tokens
2
Message
Cross-chain message sent via LayerZero
3
Verify
Decentralized Verifier Network (DVN) validates the burn
4
Mint
Destination chain TEDP contract mints equivalent amount
Supported Chains
All chains are fully interconnected—you can transfer TEDP between any pair.
Transfer Costs
Gas Fees
LayerZero Fees
LayerZero fees are the same regardless of transfer amount.
Transfer Time
Factors affecting transfer time:
- Source chain finality (Ethereum takes longer than L2s)
- DVN verification speed
- Destination chain block time
Security Model
LayerZero uses Decentralized Verifier Networks (DVN) to secure cross-chain messages. DVN Configuration:- TEDP uses 2-of-3 DVN configuration
- Two out of three verifiers must confirm each message
How to Transfer
Via TED Protocol Interface
1
Access swap page
Visit tedprotocol.io/swap
2
Select TEDP token
Choose TEDP as the token to transfer
3
Choose chains
Select source and destination chains
4
Enter amount
Input the amount you want to transfer
5
Confirm transfer
Click Transfer and confirm in your wallet
Via Smart Contract
Developers can call the TEDP contract’ssend function directly:
- Use
quoteSendto estimate LayerZero fees - Execute transfer with native token fee attached
Tracking Transfers
All TEDP transfers can be tracked on LayerZero Scan:- Mainnet: layerzeroscan.com
- Testnet: testnet.layerzeroscan.com
Failed transfers are rare and typically include auto-retry options.
Supply Preservation
The burn-and-mint mechanism guarantees total supply remains constant. Example:
100 TEDP transferred from Ethereum to Arbitrum
This model eliminates liquidity fragmentation, wrapped token complexity, and security dependencies found in traditional bridge-based tokens.