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Oil on Other Chains

Interoperability with other major blockchains is important for the growth of Oil and the prospects of realizing its vision. One of the ways of securing it is through enabling the versions (wrappers) of OIL on other chains.

Unlinke OIL on Oil, those wrappers are OIL20 tokens are created whenever someone locks a certain number of tokens on the Oil and gets issued the exact same amount of wrapper tokens on the target blockchain. If a user withdraws the wrapper from the target blockchain, the tokens burned and the OIL tokens on Oil are unlocked.

Currently, wrapped versions of OIL token exist on Ethereum (mainnet), Binance Smart Chain and the Arbitrum One layer-2 optimistic rollup chain for Ethereum. The latter is a wrapper of a wrapper powered by the Ethereum-Arbitrum bridge and its withdrawals from Arbitrum are subject to the optimistic rollup rules.

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OIL on Ethereum

Token contract: https://etherscan.io/token/0x970b9bb2c0444f5e81e9d0efb84c8ccdcdcaf84darrow-up-right

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OIL on Polygon

Token contract: https://polygonscan.com/address/0xf915fdda4c882731c0456a4214548cd13a822886arrow-up-right

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OIL on Binance Smart Chain

Token contract: https://bscscan.com/address/0x5857c96dae9cf8511b08cb07f85753c472d36ea3arrow-up-right

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OIL on Arbitrum One

Token contract: https://arbiscan.io/token/0xbdef0e9ef12e689f366fe494a7a7d0dad25d9286arrow-up-right

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