DappRadar teamed up with interoperability protocol LayerZero to create a staking token aiming to minimize gas fees across chains.
DappRadar and omnichain interoperability protocol LayerZero have launched a new token to enable cross-chain staking across multiple blockchains and Ethereum Virtual Machine -compatible networks — a move designed to minimize fees and increase access to staking opportunities.
The functionality for the newly launched RADAR token is provided through a set of smart contracts, DappRadar. One of the contracts is known as the controller and the other as a proxy. The two smart contracts work together to enable the new staking mechanism. Requests made to withdraw or claim rewards are sent to the proxy smart contract. It communicates with the controller contract to determine if the request is valid. If the request is valid, the controller informs the proxy to release the tokens. DappRadar claims this type of cross-chain staking was previously unavailable anywhere.documentation instructing users on how to take advantage of this new functionality.
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