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RE: LeoFinance is about to tap into Polygon with (pLEO)

in LeoFinance3 years ago

I think that creating a bridge between ETH/BSC/HIVE and Polygon would be awesome. I'm not so familiar with Polygon but from what I have heard it's not so easy to get money onto it.

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It's a Ethereum token again so ERC-20 2nd layer. You still pay the high fee to transfer into Polygon and back out but any transactions that take place within Polygon are fast and inexpensive. The contract connections to Ethereum from Polygon over time should allow for larger smart contracts to be pushed through so instead of one person paying the one off transaction fee it could be coupled together with others allowing you to pay much less of the fee for transferring out or in.

Still much in development and being built on but it has promises so would be cool to see it on CUB for marketing potential as well as one of the first use cases of the token as it grows which should use the Bridge and swap more in that case.

Only way for now to tap it into Hive is by using a wrap of the token. It's complicated and not ideal by any means but its the best that can be done for now.

Posted Using LeoFinance Beta

There are a lot of bridges taking place. It will be fun to watch all this stuff rolling out.

Posted Using LeoFinance Beta