There is one thing I dont understand regarding TVL Lets

Question

There is one thing I dont understand regarding TVL Lets

say ergo or Gluon Gold(GAU+GAUC) is bridged to Cardano. It used on Cardano but it still locked on Ergo. When its bridge to Cardano where is the TVL? on both chains? or only on Cardano? or only on Ergo? Maybe it not a relevant question.

#cryptocurrency #english #ergo

0

21.07.2024

5 ответов

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Jack Σ Автор вопроса

DiscordBridge
[cafebedouin] Total value locked would depend on w...

Ok, I understand so bridging it means locking it and taking it out of circulation in some way. Can there be a situation that it to much for the well-being of ergo in some wired way?

0

5 месяцев назад

DiscordBridge

Jack Σ
Ok, I understand so bridging it means locking it a...

[cafebedouin] It's possible. But, more likely value of Erg would increase and then more value would be offloaded into tokens to accommodate the increase in value.

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5 месяцев назад

kushti khushi

Locked on Ergo definitely for this example, in the bridge, and likely will increase TVL of Cardano DeFi products

0

5 месяцев назад

DiscordBridge

Jack Σ
Ok, I understand so bridging it means locking it a...

[cannon_q] TVL is at protocol... level, so Gluon or ducky for example. Rosen TVL attributed to ERGO is the watcher and permit collateral. The locked value inside the bridge (btc deposited and rsBTC on backside) is tracked re: bridge, but doesn't "count" towards the TVL overall on Ergo chain. That is how defillama.com does it at least.

0

5 месяцев назад

DiscordBridge · Accepted Answer

DiscordBridge

[cafebedouin] Total value locked would depend on where it was locked. Locking it on Ergo to bridge it to Cardano means the value is locked on Ergo and is counted toward TVL in Rosen Bridge and on Ergo.

0

5 месяцев назад

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There is one thing I dont understand regarding TVL Lets

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