BoringDAO is a DAO-driven cross-chain service providing seamless asset transfers and innovative wrapping solutions for enhanced DeFi compatibility. More
| Fully Diluted Valuation | $583,902 |
|---|---|
| 24H Trading Volume | $6,871 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 1.71 B |
| Total Supply | 1.71 B |
| Max Supply | 2.00 B |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Enki Yan 5 more |
| Website | boringdao.com |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Binplorer 4 more |
| Contracts |
0xbc1....792ca
1 more
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| Name | Pair | OG Score |
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BoringDAO, a DAO-driven cross-chain service provider, stands at the forefront of decentralized finance (DeFi) innovation. With its mission to enhance DeFi compatibility through a decentralized autonomous organization (DAO), BoringDAO offers a suite of services centered around its native cryptocurrency, BORING. This governance and utility token, with a capped supply of 2,000,000,000, plays a pivotal role in BoringDAO's ecosystem, enabling users to participate in mining, staking, and yield farming to earn rewards.
At the heart of BoringDAO's offerings are its three key products: the oPortal Bridge, oToken Tunnel, and Satellite City. The oPortal Bridge facilitates seamless cross-chain transfers with its Two-Way Bridge and Native Bridge, allowing users to transfer assets efficiently between Layer1 and Layer2 projects or across different blockchain networks. The oToken Tunnel enables the wrapping of any crypto asset, unlocking programmability and expanding use cases. Notably, users can wrap assets like BTC into oBTC, enhancing their compatibility with the Ethereum network. To further support the oBTC Tunnel, BoringDAO introduces the Satellite City product, featuring pools with collateral from ETH, USDT, USDC, and DAI.
As BoringDAO undergoes a 1:10000 Token Split to $BORING, the platform solidifies its position as a decentralized multichain bridge and a Layer2 solution for Bitcoin and various crypto assets. This strategic move aims to maximize the utilization rate of these assets by converting them into wrapped tokens, ensuring safe and decentralized participation in the broader DeFi landscape on Ethereum. BoringDAO's vision encompasses bringing neglected assets like BTC, LTC, BCH, and others into the open financial era, bridging the gap between traditional blockchain assets and the expansive world of decentralized finance.
BoringDAO stands out for its DAO-led cross-chain services, offering innovative products like the oPortal Bridge and oToken Tunnel, enabling seamless asset transfers and expanding DeFi compatibility for various crypto assets.
Enki Yan, Henry Chen, Mike Meng, Leo Gu, Stephen Dang, and Dewei Liu are the co-founders of BoringDAO.
BoringDAO has been supported by big investors such as HashKey Capital and DeFiance Capital.
You can buy BoringDAO (BORING) on Gate.io, Uniswap V2 (Ethereum) cryptocurrency exchanges.
