LeoBridge - a step in the right direction - what about bridging EOS tokens?
This:
Borrowed from @cubfinance docs pages.
It will be nice to connect Ethereum tokens world with BSC tokens. Yet, for me ETH tokens are worthless. It's personal yet I might not be alone with this sentiment.
When we are talking about bridges - there is Binance Bridge already connecting several networks and doing quite well - I want to share a story of a couple of days ago. It goes like this ...
Manually bridging #wax to CubFinance
I had some spare $WAX and decided to invest them on Cubfinance, Why would I do that? Let's call it an exercise. I simply wanted to know how many hops will be needed. The answer was eight, at least.
- transfer $WAXP from my wax.bloks.io wallet to Bittrex
- sell $WAXP to $BTC
- transfer $BTC to Binance
- sell $BTC to $BNB
- transfer $BNB to my BSC wallet - now we entered CubFinance territory
- sell some $BNB to $BUSD
- sell the rest of $BNB to $CUB
- buy LP for $CUB $BUSD pair
Along with an additional $DEC transfer directly from @splinterlands into my BSC wallet and adding to the liquidity of both CUB-BUSD LP and DEC-BUSD LP there were:
- 9 transactions on 3 chains and 2 exchanges
- 2 stakes
- I don't know how many fees
Yes, a bridge would be very nice, thank you :)
I realize that without $LEO based token in the EOS ecosystem the @leofinance team has no motivation to create this bridge. Yet, I remain an optimist. Rome wasn't built in a day.
Better and better
Posted Using LeoFinance Beta