ReFi Protocol
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  • 🟢Tokenomics
    • Ethereum Tokenomics
    • Solana Bridge via Wormhole
    • ETH Addresses
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On this page
  • Overview
  • Bridge Implementation
  • Wormhole Overview
  • Key Components
  • Security and Responsibility
  • Bridge Functionality
  • Solana (SPL) Tokenomics
  1. Tokenomics

Solana Bridge via Wormhole

Solana Bridge Infrastructure

Overview

This page outlines the implementation and operation of the REFI (ETH) to REFI (SPL) bridge using Wormhole, an open-source organization that provides cross-chain compatibility. The bridge will facilitate the transfer of REFI tokens between the Ethereum (ETH) and Solana (SOL) blockchains.

Bridge Implementation

Wormhole Overview

Wormhole is a decentralized cross-chain bridge that enables the transfer of tokens between different blockchain networks. It operates through a network of validators and guardians, ensuring the security and integrity of the transferred assets.

Key Components

  1. Validators and Guardians: Wormhole uses a network of validators and guardians to manage the bridge. A total of 18 signatures are required to validate transactions, ensuring robust security.

  2. Lockers: There are lockers on both the Ethereum and Solana sides managed by Wormhole. These lockers hold the tokens during the transfer process.

Security and Responsibility

  • As the bridge is decentralized, Wormhole manages the security through its validators and guardians.

  • The smart contracts deployed for the bridge will have no further functionality or control from our end once they are deployed. This ensures that the bridge operates independently and securely.

Bridge Functionality

  • Token Minting: Setting up the bridge with REFI (ETH) will generate a REFI (SPL) token on the Solana blockchain. The minting of SPL tokens will occur exclusively through the bridge.

  • Total Supply: The integrity of total token supply will be maintained as the Wormhole bridge will lock the respective REFI (ETH), while minting the REFI (SPL) and distributing to the bridging user. In the event of bridging back to Ethereum Mainnet, the respective REFI (SPL) tokens will be burnt by the Wormhole bridge.

Solana (SPL) Tokenomics

The REFI token on the Solana blockchain will have identical tokenomics to the Ethereum REFI token. This is due to the structure of the Wormhole bridge, which ensures that the tokenomics remain consistent across both blockchains.

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Last updated 9 months ago

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