But so in effect my assets are on multichain servers

Question

Kava Official

Max

But so in effect my assets are on multichain servers

and could have been transferred to unknown wallets. My assets are not really on KAVAevm at all. Is this correct?

#blockchain #cryptocurrency #english #kava

0

19.07.2023

6 ответов

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Max Автор вопроса

Cameron | Kava (I will never DM first)
I will explain more simplified as much as I can. ...

So just to clarify, in this case that liquidity pool / network was sitting on those servers, some of which the cops took, and some which the family managed to regain access to?

0

19.07.2023

Cameron | Kava (I will never DM first)

Max
So just to clarify, in this case that liquidity po...

Something like that, yes. https://twitter.com/MultichainOrg/status/1677096839731097600

0

19.07.2023

CryptoDaz (Darren)

An analogy would be: You go on vacation and visit a casino in Vas Vegas and exchange $100 for $100 worth of casino chips. On your last day of your vacation you go to cash in your chips to find the casino closed, after asking around you discover the night before the police raided the casino, arrested the owner and confiscated all of the casino assets. You want to return home so are desperate to sell your casino chips. A man on the street corner offers you $11 for your $100 of Casino chips so you have two choice sell your $100 of chips for $11 or hold onto your chips in the hope that after the police have finished their investigation the casino reopens and their are still some assets left to repay you either in full or in part

0

19.07.2023

Richard The Wizard

CryptoDaz (Darren)
An analogy would be: You go on vacation and visit...

That's hell of an analogy, good job

0

19.07.2023

XX X

CryptoDaz (Darren)
An analogy would be: You go on vacation and visit...

But since crypto IS a casino, this isnt an analogy. This is what actually happened lol.

0

19.07.2023

Cameron | Kava (I will never DM first) · Accepted Answer

I will explain more simplified as much as I can. When you interact with a 3rd party bridging tool, your native/wrapped tokens get sent to a liquidity pool on a network via a smart contract, sending 1:1 backed assets to the Kava EVM chain associated with your MetaMask wallet. You can think of it as IOU tokens. When you wish to send it back to a different network, it will go through the same process, sending 1:1 backed assets to a liquidity pool on a different network, and you receive your native/wrapped tokens back.

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But so in effect my assets are on multichain servers

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