Difference between revisions of "Token standards"
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The common token standards used around DeFi are: | The common token standards used around DeFi are: | ||
[[ERC20| | [[ERC20|ERC-20]] - A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies.<ref>https://eips.ethereum.org/EIPS/eip-20</ref> (examples: $USDC, $LDO) | ||
[[ERC-721]] - A standard interface for non-fungible tokens, like a deed for artwork or a song.<ref>https://eips.ethereum.org/EIPS/eip-721</ref> (examples: BAYC, CryptoPunks) | |||
ERC-777 - A token standard improving over ERC-20.<ref>https://eips.ethereum.org/EIPS/eip-777</ref> | |||
ERC-1155 - A token standard which can contain both fungible and non-fungible assets.<ref>https://eips.ethereum.org/EIPS/eip-1155</ref> | |||
[[ERC-4626]] - A tokenized vault standard, used to represent interest bearing tokens (ibTKNs)<ref>https://eips.ethereum.org/EIPS/eip-4626</ref> | |||
=== Sources === | === Sources === | ||
<references /> | <references /> | ||
[[Category:Glossary]] | [[Category:Glossary]] | ||
Revision as of 03:44, 25 May 2022
Each type of token has a standard. A token standard is basically a list of rules each token must follow.[1]
The common token standards used around DeFi are:
ERC-20 - A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies.[2] (examples: $USDC, $LDO)
ERC-721 - A standard interface for non-fungible tokens, like a deed for artwork or a song.[3] (examples: BAYC, CryptoPunks)
ERC-777 - A token standard improving over ERC-20.[4]
ERC-1155 - A token standard which can contain both fungible and non-fungible assets.[5]
ERC-4626 - A tokenized vault standard, used to represent interest bearing tokens (ibTKNs)[6]