Relay Chain — a token interconnection on the world's leading blockchains, using a fast and secure chain bridge.
Contents:
Description of the Relay Chain site
Relay allows traders to enter many markets simultaneously by integrating cross-chain swaps into popular DEX, CEX, dApps and wallets, opening up new arbitrage opportunities and increasing the availability of profitable trades. The team has designed the Relay Bridge to provide positive feedback between the price of the $ RELAY token and the amount of rewards. To perform cross-chain transfers, the user's wallet sends tokens to the contract on the Relay bridge. The bridge contract accesses the (liquid) tokens on the target chain and exchanges them for the desired token asset, which goes to the trader's wallet address.
Some features:
| 1 | Several repeaters exist to enhance bridge security through decentralization. |
| 2 | Each transaction goes to all available repeaters with a subsequent voting. |
| 3 | If a consensus is reached, the bridge tries to complete the transaction. This prevents users from malicious redirecting funds to the wallet. |
The relay chain currently includes five well-known relays - Bitcoin.com Exchange, Zokyo, ChartEx, Avalaunch and Bridge Mutual, all of which enhance the security and reliability of the bridge.
The project provides DeFi users with a high quality service at a low cost, while delivering its own positive price feedback. As liquidity (TVL) increases with increased project utilization, bridge fees could be reduced to remain competitive with future bridge technologies. The combination of these many reinforcing factors creates an upward spiral of values. The total revenue that members can receive is calculated, based on the percentage of the total bridge transactions, occurring across all DEX and DApp projects, related to relaying.
Relay on social networks
There is a WhitePaper document on the site, where you can study the features of the work and familiarize yourself with the rules of work. The developers maintain the Medium blog, where news articles are available. The future updates: forming new partnerships to integrate best-of-breed solutions for features, not developed by the repeater team. As more and more blockchains become operational, there is an urgent need to move assets and capital from chain to chain efficiently. Asset compatibility is paramount to addressing fragmented liquidity across chains, and Relay is leading the way in the race to overcome all of DeFi.
The community runs social networks:
Subscribe and chat with other members. The site interface runs in English. The smart contract doesn’t have an audit.