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RebaseX - Cross-chain Rebase Token

A protocol that allows user to deposit into a vault and in return, receive RebaseX tokens that represent their underlying balance

Features

  1. Rebase Token -> balanceOf function is dynamic to show the changing balance with time

    • Balance increases linearly with time.
    • mint tokens to our users every time they perform an action (minting, burning, transferring, or bridging)
  2. Interest Rate

    • Individually set an interest rate or each user based on some global interest rate of the protocol at the time the user deposits into the vault.
    • The global interest rate can only decrease to incentivise/reward early adopters.

NOTE: If you do a interwallet transfer, your interest rate will be set to the current global interest rate. This is to avoid any manipulations.

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A Rebase Token experiment

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