BoringDAO is a decentralized bridge (or tunnel) protocol that allows users to transfer assets across blockchains. For each blockchain asset, there will be an exclusive minting tunnel operated in the form of DAO and performing bi-directional mapping between blockchain assets and ERC20 oTokens. Mint Mining is the mechanism which users can wrap their non-ERC20 assets into oToken, e.g. Bitcoin to oBTC, and receive BOR token rewards.
BoringDAO and its treasury are governed by BOR token holders. BoringDAO members are able to create and vote on changes such as adjusting minting commission and rewards distribution, new yield farming pools, new asset tunnels, and manage BoringDAO's insurance.
How to use Boringdao?
Navigate to app.boringdao.com where you can utilize BorindDAO's tunnels, oTokens , and participate in BoringDAO's reward programs.