Omnichain Interoperability
Last updated
Last updated
Memeverse is a omnichain module supported by LayerZero, allowing users to register or participate in genesis on any blockchain that has deployed this module.
To ensure that each Memeverse's Symbol is unique during the Genesis Stage (with Symbols being re-registerable after the Genesis Phase ends), the protocol introduces a registration center to centrally manage Symbols for all-chain Memeverse. This registration center is deployed on a specific single chain.
When a user initiates a registration on any blockchain that has deployed the Memeverse module, they need to clearly specify the governance chain and other target chains (multiple target chains can be specified). Subsequently, the protocol will forward the registration request to the registration center via cross-chain mechanisms. After receiving the request, the registration center will conduct a series of verification processes. Once all verifications pass, the registration center will initiate cross-chain registration operations to the user's specified target chains, deploy token contracts on the target chains, and collaborate with the MemeverseLauncher contract on that chain to complete the final registration process, thereby smoothly entering the genesis stage.
When the genesis is successful and the transition to the liquidity lock-up stage occurs, the corresponding Memecoin Yield Vault and Memecoin DAO Treasury will be deployed on the governance chain. All market-making revenues from the deployed genesis liquidity will be cross-chain transmitted to the YieldDispatcher on the governance chain. The YieldDispatcher will forward the Memecoin portion and the UPT portion of these revenues to the corresponding Memecoin Yield Vault and Memecoin DAO Treasury, respectively. It should be noted that if the corresponding Memecoin Yield Vault and Memecoin DAO Treasury do not exist on the governance chain (the governance chain genesis fails but the genesis of other target chains is successful), these market-making revenues will be directly burned.
Users can cross-chain stake their Memecoins into the Memecoin Yield Vault to mint stMemecoin (Staked Memecoin). Holders of stMemecoin will be able to participate in the governance of the Memecoin DAO.
