FOR PROJECTS
This page shows the advantages projects get from listing a token on the Cross-Chain Bridge.
The Cross-Chain Bridge offers self-listings like DEXs offer. You (or any tother token holder) can just provide liquidity of your token to all desired chains; afterwards, bridgings will be possible. The first bridging per bridge direction creates the Liquidity Mining Pool and Reward Pool for your token (and because of that is more gas-intense). To add your token to the Cross-Chain Bridge token list in the Frontend, get in touch here. More information on Self Listings can be found here.
Most bridges works with a minter/burn functionality in which you have to grant the bridge a minter role of your token. This bears the high risk that a hacker can potentially mint unlimited of your tokens, making your token unusable. The Cross-Chain Bridge works differently: with Liquidity Pools. If the Cross-Chain Bridge would experience an exploit - although we try everything in our power to minimize that risk with audits, etc. - you are never exposed to an unlimited token minting risk. The maximum you could lose in a hack would be the amount that is in your token’s Liquidity Pool (provided by you or your community, respectively).
Bridge liquidity often is non-yielding liquidity. In the Cross-Chain Bridge, your liquidity can earn your pool share of the 15% of the bridging fees in your token that is allocated to your token’s Liquidity Mining Pool. As pools are single-asset liquidity pools, there's no Impermanent Loss risk. The Cross-Chain Bridge circulates back bridging fees to the liquidity provider in the Liquidity Mining Pools (and Farms) & BRIDGE holders in the Reward Pools. More information on Liquidity Mining Pools can be found here.
In addition to the previously mentioned yield generation of Liquidity Mining Pools for projects, these pools also allow anyone from your community to earn a portion of the bridging fees from supplying (more) liquidity and staking the LP tokens in your token’s Liquidity Mining Pool. Through this mechanism, you offer your community an easy staking module that can increase your Bridge liquidity and bind part of your token’s supply.
The Cross-Chain Bridge allows for adding your token to any new network available with just two transactions (liquidity provisioning and first bridging to create the Liquidity Mining and Reward Pool for your token) - assuming the contract address is the same on the new network (learn here how you do that). This minimum effort gives you the ability to expand your interoperability in the easiest and quickest way possible.
Through the Reward Pools, which get the majority of the collected bridging fees (70%), you turn BRIDGE holders into token holders of your token and show your token and logo to all traffic going to the Reward Pools page. More information on the Reward Pools can be found here.
If you are the creator of NFT collections, these can get whitelisted to become as interoperable as a fungible token. More information on the NFT Bridge can be found here.
Every project that lists on the Cross-Chain Bridge can get added to our default token list and can get promoted on the Cross-Chain Bridge social media channels. The representatives of the Cross-Chain Bridge decide whether and, if yes, how shared marketing activities will be set up.
The Cross-Chain Bridge supports different chains and more and more tokens, including Stablecoins and native tokens. To generate yield on different treasury tokens, you can provide those as Bridge liquidity without Impermanent Loss risk, too.
Last modified 1yr ago