PolkaBridge - a decentralized application platform. One of the company's most important products - PolkaBridge DEX, a decentralized exchange that allows users to exchange project tokens for tokens on other blockchains without the need for any centralized organization.
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Description of PolkaBridge
PolkaBridge provides the ability to exchange on other blockchains such as Ethereum and Binance Smart Chain, without the need for intermediaries. The project uses the Moonbeam parachain solution, which allows Ethereum compatible smart contracts to run on the platform.
Below is an example of switching from ETH (to Ethereum) to DOT (to Polkadot):
| Vote | In the PB user interface, users will find one pool, called "ETH-DOT pool". This pool includes two pools: one contains ETH on ERC20 and the other contains DOT. You can exchange tokens at the expense of the liquidity of these pools. Liquidity providers will be able to claim rewards when users provide more liquidity, receive more rewards. You can find out how to calculate your remuneration in the “Farming”. |
| Blockchains | The user's ETH will go to the ETH part of the ETH-DOT pool. Here, the data on the existing tokens in the pool will help to calculate the conversion rate in DOT. After calculating the number of DOTs, the Moonbeam smart contract will return it to the user's wallet. |
Users will be able to select the slippage ratio in the dApp user interface for the swap. The higher the slippage, the higher the risk. Suppose that the current ETH price is $ 1,000 and the DOT price is $ 10. The pool will contain ETH and DOT in a ratio of 1 ETH: 100 DOT. In this example, the pool will have 100 ETH and 10,000 DOT.
Platform tokens
PBR - the proprietary token of the PolkaBridge ecosystem. Key features of PBR tokens:
- farming rewards - as with other Defi platforms, many farming pools will be there. Liquidity providers will receive an amount of PBR, corresponding to the total amount of liquidity they have added;
- control - PBR holders have a say in changing parameters, functions and roadmaps for the development of the PolkaBridge ecosystem in the future;
- lending fee - by using PBR for the borrowing fee on PolkaBridge Lending, the user will receive a 50% discount and the remaining 50% will help to support the deflationary token mechanism.
In addition, in order to participate in future projects on the PolkaBridge Launchpad, the user must block a certain number of PBRs for the sale of lottery tickets. PBR will play an important role in the development and expansion of the PolkaBridge ecosystem in the future. Marketing strategies, rewards, listing exchanges and more will use PBR for reward and payment.
Additional information
If you still have any questions, you can turn to the company's social networks.
Namely:
Moreover, you can take part in sweepstakes, promotions or just chat with other users to get information.