tl;dr
- Introducing ChainPort's new Auto Release functionality for optimized token bridging.
- Auto Release reduces the bridging process to a single transaction, enhancing user experience.
- Users no longer need to execute a separate release transaction on the target chain.
- A small fee in the source chain gas token will cover the costs of executing the target chain transaction.
- ChainPort is committed to continuously improving services and optimizing token bridging.
How the Auto Release Functionality Works
The ChainPort team is proud to introduce a new Auto Release functionality, simplifying the token bridging experience and reducing costs! With the Auto Release functionality, users can enjoy a streamlined bridging process, reducing it to a single transaction.
Previously, when returning tokens to their native chain, users had to execute two transactions - one on the source chain and another release transaction on the target chain. This two-step process could be time-consuming and create inconvenience for users. However, with Auto Release, we eliminate the need for users to execute the release transaction on the target chain, significantly enhancing the user experience.
To cover the costs associated with executing the target chain transaction on behalf of the user, we will introduce a small fee in the source chain gas token. This fee ensures a smooth and efficient bridging process while maintaining the integrity and security of the network.
We're committed to providing the best possible user experience and continuously improving our services. Introducing Auto Release is another step forward in simplifying and optimizing token bridging, making it easier and more convenient for our users.
Stay tuned for more updates as we enhance the functionality and user-friendliness of ChainPort.
Happy bridging!
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