Hybrid Bridging combines lock-and-mint and native bridging methods, enhancing interoperability while maintaining security and efficiency for tokens.
The Hybrid Bridging protocol is an innovative solution for transferring wrapped blue-chip tokens like wETH and wBTC across various blockchain networks. The addition of blue-chip tokens to both new and established chains can increase trader interest and activity on DEXs.
Hybrid bridging combines the best features of lock-and-mint bridging and native token bridging.
For chains that lack native support for wETH or wBTC, the protocol utilizes secure lock-and-mint functionality. This involves locking tokens on the original chain and minting equivalent wrapped tokens on the destination chain.
For chains that already support native wETH and wBTC, the protocol employs a more efficient native token bridging method, allowing for smooth transfers without the need for additional minting. Additionally, if a user bridges ChainPort-minted wETH or wBTC to a chain with native support, the minted tokens are burnt and replaced with native wETH or wBTC.
This hybrid approach ensures the efficient and flexible transfer of wrapped tokens across different blockchain environments.
Current Bridgeable Assets:
Blue-chip tokens (wETH, wBTC and more upon demand!)
The Hybrid Bridging Protocol is essential for new and existing chains lacking popular tokens such as wETH or wBTC. Popular blue-chip tokens can boost interest in a blockchain ecosystem, and increase trading volumes on DEXs. Wrapped blue-chip tokens can be transferred efficiently across multiple blockchains, ensuring smooth integration.
Hybrid Bridging combines lock-and-mint and native bridging methods, enhancing interoperability while maintaining security and efficiency for tokens.
Enjoy smooth transfers of wrapped tokens like wETH and wBTC across various chains, enhancing their connectivity and compatibility.
Hybrid Bridging Protocol ensures wrapped tokens like wETH and wBTC are transferred safely and without restrictions, combining robust security with open access.
Transfer wETH and wBTC within minutes with low costs, ensuring high performance and scalability for transactions.