Dtravel Deploys TRVL on Base With LayerZero
We are excited to announce that TRVL is now deployed on Base, thanks to our integration with LayerZero Labs. Building with LayerZero represents a major milestone in offering cross-chain payment support for both vacation rental operators and travelers.
We are excited to announce that TRVL is now deployed on Base, thanks to our integration with LayerZero Labs. Building with LayerZero represents a major milestone in offering cross-chain payment support for both vacation rental operators and travelers.
What is LayerZero?
LayerZero is an omnichain interoperability protocol designed to enable seamless communication between different blockchains. By utilizing Ultra Light Nodes (ULNs) and decentralized oracles, LayerZero facilitates secure and efficient cross-chain interactions. LayerZero’s architecture allows Dtravel and TRVL to operate across multiple blockchains, offering both vacation rental operators and travelers a cohesive and integrated experience.
How Does the Integration Work?
TRVL has adopted the Omnichain Fungible Token (OFT) standard, which allows tokens to operate seamlessly across different blockchains. The OFT standard is a set of guidelines and protocols that ensure tokens can be transferred and utilized across various chains without losing their functionality or value. By adopting OFT, TRVL can be easily moved between supported blockchains, providing greater flexibility and accessibility for users.
What are the Benefits of LayerZero?
Integrating with LayerZero offers Dtravel several key benefits:
- Enhanced Interoperability: LayerZero enables TRVL to operate across multiple blockchains, providing users with a seamless experience and more choice.
- Increased Security: LayerZero’s use of Ultra Light Nodes and decentralized oracles ensures that cross-chain transactions are secure and reliable.
- Cost Efficiency: By enabling cross-chain transactions, LayerZero reduces the need for multiple intermediaries, lowering transaction costs for users.
- Scalability: The integration allows Dtravel to scale its operations by leveraging the capabilities of multiple blockchains, ensuring that the platform can handle increased demand and growth from other blockchain ecosystems.
- Solving Liquidity Fragmentation: The OFT standard helps solve liquidity fragmentation by allowing TRVL to be seamlessly transferred across different blockchains. This unifies liquidity pools, making it easier for users to access TRVL.
TRVL is Deployed on Base
We’re pleased to announce the first deployment of TRVL on Base. The deployment of TRVL on the Base blockchain is a strategic choice for several reasons:
- Robust Infrastructure: Base is an Ethereum Layer 2 solution that offers high throughput and low latency, making it an ideal platform for handling a large volume of transactions efficiently.
- Cost-Effective: Base’s Layer 2 infrastructure significantly reduces gas fees, making transactions more affordable for users and operators.
- Strong Ecosystem: Base has a growing ecosystem of projects and partners, providing a vibrant community and additional opportunities for collaboration and growth.
- Rewards: All rewards earned by participants in the Dtravel ecosystem will be paid out on the Base blockchain ensuring low cost transacting as fast throughput.
Supported Blockchains
LayerZero currently supports over 50 different blockchains, allowing for extensive interoperability across diverse ecosystems. Some of the notable chains include Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Solana, and Aptos, among others. This wide range of supported chains ensures that TRVL can operate seamlessly across multiple platforms, enhancing its utility and accessibility.
Bridge TRVL
The TRVL Bridge supported by LayerZero can be accessed here:
Integrating with LayerZero and deploying TRVL on the Base blockchain marks a significant step forward for Dtravel, enhancing the Nite Protocol booking contract capabilities and providing our users with a more versatile and efficient payment solution. We are excited about the possibilities this integration brings and look forward to continuing to innovate and improve the vacation rental experience for our community.