XAUT0
XAUt0
$4,054.61
0.26%
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| XAUt0 | ERC20 | HYPE | 0xf4d9235269a96aadafc9adae454a0618ebe37949 | 2025-04-28 |
| XAUt0 | JETTON | TON | EQA1R_LuQCLHlMgOo1S4G7Y7W1cd0FrAkbA10Zq7rddKxi9k | 2025-06-02 |
About XAUt0
XAUt0 is an omnichain version of Tether Gold (XAUt) built with LayerZero’s OFT standard. A lock-and-mint design holds one XAUt in an Ethereum adapter contract and mints one XAUt0 on a connected network; burning XAUt0 either re-mints it elsewhere or unlocks the gold on Ethereum, so supply stays fully backed 1 : 1. Operated by Everdawn Labs and neither issued nor redeemed by Tether, the token first went live on 2 June 2025 on The Open Network, with HyperEVM, HyperCore and other chains scheduled next. Use cases include cross-chain settlement, DeFi collateral and streamlined exchange treasury flows. The contracts follow the audited OFT framework, inherit LayerZero security and support compliance features such as address blacklisting and token freezing.
XAUt0 is an Omnichain Fungible Token (OFT) that moves the existing Tether Gold token (XAUt) between blockchains without wrapped substitutes or bridge-side liquidity pools. One XAUt is locked in an adapter contract on Ethereum (0xb9c2321BB7D0Db468f570D10A424d1Cc8EFd696C) and one XAUt0 is minted on any LayerZero-connected chain. Burning XAUt0 releases the same amount of XAUt on Ethereum, so the total XAUt0 supply is always backed 1 : 1 by vaulted gold.
XAUt0 is an independent omnichain bridge token operated by Everdawn Labs; it is neither issued nor redeemed by Tether. The first public deployment went live on 2 June 2025 on The Open Network (TON), with further roll-outs planned for HyperEVM, HyperCore and additional LayerZero networks.
- Lock – XAUt is escrowed in the Ethereum adapter contract.
- Message – LayerZero oracles and relayers attest to the lock and dispatch a cross-chain message.
- Mint – The destination chain’s OFT contract mints the same quantity of XAUt0 to the designated address.
- Burn / Redeem – Transferring XAUt0 to another network burns the tokens on the source chain and mints them on the target. Burning on a non-Ethereum chain and requesting redemption unlocks the underlying XAUt on Ethereum.
- Cross-chain mobility – Move tokenised gold between TON, HyperEVM, HyperCore and future LayerZero networks without relying on separate bridge pools.
- DeFi collateral and settlement – Use a single, gold-backed asset across decentralised finance applications while maintaining one unified supply.
- Exchange operations – Centralised venues integrate a single contract per chain; users can convert between XAUt0 and XAUt at 1 : 1, although XAUt0 itself is not redeemable with Tether.
Everdawn Labs designed the contracts, maintains the LayerZero configuration and operates the lock-and-mint infrastructure. The codebase follows the LayerZero OFT standard, has undergone external audits and is covered by an ongoing bug-bounty programme.