I suggest that we should have BSC Bridge before MM

Question

I suggest that we should have BSC Bridge before MM

joined and Incentive program because ETH bridge to Inj is expensive, I know using CosmosHub IBC will be cheap but we only have ATOM option, and even if I transferred ATOM, what can I do next ? There are no ATOM/USDT and no liquidity on Injective Pro yet

#cryptocurrency #english #injective

0

10.11.2021

4 ответов

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Eric Chen

The most important issue here is that there is no perfect solution to reconcile BEP20 tokens with ETH ERC20 tokens. So any tokens bridged from BSC will have a completely fragmented liquidity.

0

10.11.2021

BouncyCastle JCE

Eric Chen
The most important issue here is that there is no ...

Hi Eric! Liquidity framentation was brought up as a real concern here, wondering how the team is planning to address this?

0

10.11.2021

❄️ Decentralized Kitties ❄️ Автор вопроса

Eric Chen
We're working on a general solution for all EVM co...

So that mean when incentive program come, MM still have to pay huge Gas Fee to provide liquidity for exchange ?

0

10.11.2021

Eric Chen · Accepted Answer

Eric Chen

We're working on a general solution for all EVM compatible chains but it will likely not come before any incentive program is voted on by governance. Building a fully decentralized bridge is a major undertaking and BSC is not IBC compatible at the moment. There are solutions specific to BSC that we're collaborating on however

0

10.11.2021

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I suggest that we should have BSC Bridge before MM

4 ответов

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