Arbitrum Orbit Supports OFT Standard

• Arbitrum Orbit supports LayerZero OFTs.

• Scroll releases details for its initial airdrop.

• Stripe acquires Bridge for $1.1 billion.

• Chainlink CCIP supports GHO as a fee token.

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Arbitrum Orbit, a rollup stack for deploying custom L2 and L3 chains, now supports the LayerZero Omnichain Fungible Token (OFT) standard. The integration allows Orbit chains to use OFTs as native gas tokens and enables users to seamlessly transfer of OFT assets between all LayerZero-connected networks. The implementation embeds the OFT standard into Arbitrum Orbit bridge contracts, using a shared “lockbox” contract on both the L2 and Orbit chains. The design unifies liquidity by consolidating liquidity for both bridges into a single pool, ensuring a more efficient and seamless cross-chain transfer experience for Orbit chains.

Scroll, an EVM-equivalent ZK rollup, announced the details of its first airdrop for its native SCR governance token, which goes live on Tuesday, October 22, 2024, at 07:00 UTC. Over 570,000 wallets who have accumulated at least 200 Scroll Marks can claim their share of 55 million SCR tokens, which is 5.5% of the total supply. An additional 1.5% of the total SCR supply is being distributed among key contributors, including 7 million SCR for Ecosystem Projects, 4.8 million SCR for Industry Contributors, and 3.2 million SCR for Global Community Contributors. Users can now register as delegates via the Delegate Portal to participate in protocol governance. 8% of the total SCR token supply remains for future airdrops, including for Scroll Sessions 2 participants.

Stripe acquired stablecoin payments platform Bridge for $1.1 billion. Bridge offers APIs that simplify the integration of stablecoins into business payment systems by handling regulatory, compliance, and technical challenges. Bridge facilitates onramp and offramp services for businesses. The acquisition aims to further scale the platform, enhance APIs, and expand into new markets. The deal reflects a strategic focus on the growing adoption of stablecoins.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a standard for building cross-chain functionality with arbitrary messaging, now supports GHO as a fee token payment option for bridging. GHO, an over-collateralized, USD-pegged stablecoin native to Aave, has surpassed over $31 million in bridged volume through CCIP. Chainlink CCIP powers GHO’s cross-chain native deployments on Ethereum mainnet and Arbitrum One, with plans to launch native GHO on Base.

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