

## **Phase 1: xERC-20 standard adoption**

This approach is not novel. It involves integrating a new token standard promoted by Connext Network.  
  
**Overview of xERC-20**

1. Cross-Chain Functionality: xERC-20 is an open crosschain token standard. It allows token issuers to bridge their tokens to any chain with zero slippage (no liquidity pools), maintaining fungibility across canonical bridges and providing granular risk settings.

  

2. Fungibility: Unlike traditional methods where each bridge deploys its version of the token, creating fragmented liquidity and a disjointed user experience, xERC-20 ensures fungibility. Any number of bridges can mint and burn the same token across chains, ensuring users always receive the same asset regardless of the bridge used.

  

3. Sovereignty and Control: With xERC-20, token issuers retain full control over their token contracts on every chain. This contrasts with other solutions where control might be ceded to bridges or third-party providers.

  

4. Granular Security: Issuers can flexibly choose the bridges they trust and adjust their exposure to each bridge based on their risk tolerance.

  
  

## Phase 2: Research on exercising o-token call options natively on Arbitrum

  

In the second phase of our development, we will focus on researching the ability to exercise o-token call options directly on the Arbitrum network.  
  
This will require onboarding a new developer. Such initiative aims to streamline the process for users, enabling them to exercise their options on Arbitrum without the need to bridge o-tokens to the Ethereum Mainnet for conversion or redemption. By simplifying this process and keeping it native to the Arbitrum ecosystem, we expect to enhance user experience, reduce transaction complexity, and potentially attract a larger user base to engage with o-tokens on the Arbitrum platform. This development will be crucial in making the option exercise process more efficient and user-friendly.

  

## Other milestones set out in this Grant Application:

  

**Focused Business Development Approach:** Our marketing strategy is closely coordinated with our development team, aiming to connect with professional protocols and liquidity providers who have significant investment capabilities. Our marketing is specifically designed to attract the attention of these high-profile players in the DeFi market. By doing this, we keep our core audience, the professionals and institutions in the DeFi space, updated and interested in the growth and opportunities our project offers.

  

**Social Media and Community Engagement & Education:** As part of our commitment to community growth, we plan to use social media and community platforms to maintain transparent and continuous communication. Our approach includes educating our community about the project's features and addressing any queries or concerns promptly. This strategy is vital in building a loyal user base and fostering a sense of ownership among our community members.

  
**Business Development and Strategic Partnerships:** We will continue to actively seek and establish strategic partnerships with other entities in the DeFi space. These partnerships, highlighted in our marketing and business development efforts, will not only expand our network but also add credibility and visibility to our project.

  

In summary, the project's success hinges on expanding and enhancing our team’s resources, all while ensuring a strong alignment between development and marketing, maintaining clear and educational communication with our community, addressing the intrinsic challenges of web3 development, and continuously refining the user experience. By focusing on these areas, we aim to meet our milestones effectively and sustainably.