BoringDAO is a decentralized asset bridge that uses tunnel mechanism to move tokens cross different chains.
BoringDAO’s mission is to help DeFi expand its compatibility in the form of DAO. BTC, LTC and other blockchain assets and their subsidiary tokens that have been left out can be converted into the wrapped token (ERC-20 token) decentrally and safely with low friction. These assets can participate in the broader DeFi world on Ethereum and finally usher in a brand-new open financial era. The creation of BoringDAO expands the current DeFi landscape supported by DeFi and will eventually serve as an important infrastructure that connects DeFi to the broader crypto world. BoringDAO will operate under community governance mechanisms.