A liquidity pool based, security focused crypto bridge with yield farming.
The Cross-Chain Bridge distributes 70% of the bridging fees to Reward Pools participants.
Impermanent Loss is the risk that liquidity providers commonly face when they deposit two crypto-assets.
Liquidity Pools are the backbone of major DeFi applications, as they depend on these pools to run correctly.
We are thrilled to announce that 15% of all fees collected from token bridgings will be used for BRIDGE Buy Back & Burns.
Optimize the self-listing process and add more tokens
One-stop-shop for accessing all functionality of the Cross-Chain Bridge
Reduced fees for BRIDGE token holders
Cancellation option for deposits
Implement a solution for non-token data bridging between supported chains
There have been a couple of early efforts to connect blockchains. Main obstacles found in most crypto bridges:
The Cross-Chain Bridge operates in an innovative way thanks to the following key attributes:
Crypto Projects or anyone can just provide the necessary liquidity on each of the connected chains for the bridge to work properly. New tokens can be found by pasting the contract address in the search field on app.crosschainbridge.org.
Here you find a step-by-step guide.
The Cross-Chain Bridge v2.3 currently supports token and NFT bridgings between the following connected networks.
We are aiming to expand this list quickly to include all other EVM compatible chains and will connect to almost every blockchain in the near future (with a focus on EVM-compatible chains first).
The BRIDGE token is a fair-launched utility token for the Cross-Chain Bridge. In the future, the BRIDGE token will get product-focused governance rights. Newly minted BRIDGE is emitted daily via the Cross-Chain Bridge USDT Farm.
Having farmed or bought BRIDGE entitles the holder to earn a share of 70% of the protocol incentive or token bridging fees as rewards in one of the Rewards Pools.
Multiple burn mechanisms have been introduced that can cause BRIDGE to be deflationary depending on the amount of bridging volume on the Cross-Chain Bridge. The buy-back & burn Protocol Incentive collects 15% of all bridging fees which will be used to periodically burn BRIDGE. Additionally, BRIDGE is burned from every withdrawal from the Reward Pools.
The BRIDGE token is currently listed on
BRIDGE Contract Address on Ethereum, BNB Smart Chain, Polygon & Fantom: 0x92868a5255c628da08f550a858a802f5351c5223
BRIDGE Contract Address on Avalanche: 0xC0367f9b1f84Ca8DE127226AC2A994EA4bf1e41b
Most bridges work with a minter/burn functionality in which a token creator has to grant the bridge a minter role of the token. The Cross-Chain Bridge uses Liquidity Pools to provide bridging services, as this minimizes hack risks. The Liquidity Pools allow liquidity in any supported token to be added without the need to synchronize or partner with a project or even grant token minting permission to the bridge contract.
The Smart Contracts have been extensively audited, both internally and externally (by Chainsulting and Haechi).