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Use case

Wrapping:

  • Alice transfers FIO to a locking contract on FIO chain

  • Minting contract on ETH chain mints corresponding amount of wrapped wFIO and transfers it to an address designated by Alice

  • FIO is now “locked” and not usable until it is redeemed

Redeeming

  • Alice transfers wFIO to a burning contract on ETH chain

  • Upon verification, FIO is unlocked on FIO chain and transferred it to an address designated by Alice

Tasks

Requirements & Design

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