Oracles and Cross-Chain Interoperability
a. Oracles for minting/redeeming
Arbitrum Pricefeeds: Chainlink for wstETH and rETH, contract variable for gmdETH, and LayerZero-based oracle for sfrxETH
ETH Pricefeed: directly from native contracts
b. Cross-chain minting
Using layer zero tech, we will enable users to mint directly on Ethereum to receive gETH on Arbitrum and vice-versa
As ease of use has been one of the unique selling points of projects on GMD Ecosystem, we will strive to make gETH as accessible to commercial users as possible.
c. Built-in instant bridging
As such, ETH minting will be made easy with a contract that works on Ethereum mainnet, using Layer 0 to instantly bridge gETH to Arbitrum in your wallet. This function is also available for LSD holders on Arbitrum too.
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