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ethereum-optimism / design-docs

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design-doc: convert-unified #46

Closed Joxess closed 2 months ago

Joxess commented 2 months ago

Description This document presents a solution for migrating OptimismMintableERC20, which corresponds to locked liquidity in L1, to the SuperchainERC20 standard to be interop compatible.

To do that, we suggest using the L2StandardBridge mint/burn rights over the legacy representations to allow easy conversion between the OptimismMintableERC20 and the corresponding SuperchainERC20.

In contrast to the isolated approach presented here https://github.com/ethereum-optimism/design-docs/pull/45, this PR focuses on the unified approach, where multiple legacy tokens can be converted into one single SuperchainERC20.

tynes commented 2 months ago

We have consensus on this approach, its good to begin work on specs and break the project into 2 workstreams, one for the work itself and one for backporting the registry to the chain