Liquidus

We’re extremely excited to announce the Liquidus bridge is now live! You’ll now be able to transfer your LIQ between Cronos, BSC, ETH and Matic mainnets but before we explain how it’ll work, let’s bring everyone up to speed.

What is a bridge?

“A blockchain bridge is a connection that allows the transfer of tokens and/or arbitrary data from one chain to another. Both chains can have different protocols, rules and governance models, but the bridge provides a compatible way to interoperate securely on both sides.”

Why are these so important?

“Public blockchains, including the two most popular — Ethereum and Bitcoin — are digital ledgers visible to all. But while all on-chain data is transparent, a blockchain’s infrastructure serves a self-contained ecosystem. By design, blockchains are siloed, and for good reason: To maintain the consensus that underpins the security and accuracy of a shared ledger, only miners who meticulously follow the rules of each network are allowed to verify and write transactions to the blockchain.

The system is incredibly effective, but the siloed nature of blockchains is arguably stunting DeFi progress, locking DeFi users into a single network when the blockchain space as a whole offers a world of functionality and opportunities. At a time when the Lego-like composability of decentralized finance applications (dapps) is changing the face of financial services, it’s more important than ever for independent blockchains to “communicate” with another.

While comprehensive cross-chain infrastructure solutions, such as Polkadot, Cosmos, and Avalanche, are gaining popularity, many users simply want to move digital assets from one chain to another and use dapps and other services more efficiently.

Enter blockchain bridges.”

So how will the Liquidus bridge work?

First of all, head over to https://farm.liquidus.finance and click on the ‘Bridge’ button you’ll find in the top right corner.

Click the box under ‘Receive on’ and choose the chain you would like to bridge to. Once you have done this, press ‘continue.’

From here, the following screen will appear. Providing your wallet is connected on the relevant mainnet, all you need to do is enter the amount of LIQ you would like to transfer. Please remember the minimum that can be transferred is 3.24 and you’ll need to consider fees also. The maximum transfer is 1,620,000 and fees will be 0.1%.

If you’re happy with everything, click ‘Transfer LIQ’ and confirm the transaction on your chosen wallet provider.

Will the bridge be available on the app?

Absolutely! Of course the screen layout on mobile is different to that of computers, but aside from the small difference in user interface (the way it looks), the functionality will render the same.