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Phase 1: Wrapping Technical Design

Phase 1: Wrapping Technical Design

Owned by Eric Butz
Last updated: Feb 07, 2021
1 min read

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

 

Contacts and Technologies

Technology

 

 

Technology

 

 

Splinterlands

Matt

 

 

 

 

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