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The Multi-Token Bridge (Leo Bridges)

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@ifarmgirl-leo
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The LeoBridge was developed and launched by LeoFinance to enable the movement of assets from the Hive Blockchain into different DeFi chains like Polygon, BNB Chain and Ethereum.

Brief History

Initially, the bridge only catered to the LEO token, providing users a gateway to move LEO (from the Hive blockchain) to different networks or blockchains as mentioned above (or vice versa):

Previously, the bridge's user interface looked like this:

(Source)

The New Leo Bridges (Multi-Token Bridge)

The bridge had since undergone a series of iterations and upgrades in the last few months and more assets from the Hive ecosystem have been added into it, hence it is now called the Multi-Token Bridge (MTB). The new UI looks cool and fresh.

Hive Assets on the MTB/Leo Bridges

The bridge now allows 4 Hive assets to be moved between chains.

What you need when using the MTB

  • A receiving wallet address for your selected network (Polygon, BNB Chain, Ethereum)
  • Hive account

For instance, when you want to move HIVE into the Polygon network, you will need a Polygon wallet address for you to receive the wrapped version of HIVE (pHIVE).

Using the Multi-Token Bridge (Leo Bridges) is pretty straightforward and the UI is pretty simple and user-friendly.

How to Bridge (Wrap) $HIVE into Polygon

  • Go to https://wleo.io and hover over to the pHIVE then click it.

    or go directly to https://wleo.io/hive-polygon/

    When the window opens, complete the required information:

    1. Enter Receiving Polygon address
    2. Amount to wrap or bridge
    3. Click "Transfer"
    4. Enter your Hive account name
    5. Approve transaction on your Hive Keychain
    6. You're done

How to Bridge (Unwrap) pHIVE from Polygon to Hive

  • Go to https://wleo.io/hive-polygon/
    1. Enter your Hive account name
    2. Amount to unwrap
    3. Click "Transfer"
    4. Connect and approve the transaction on your Polygon wallet
    5. You're done

Direct Links to LeoBridges

Benefits of the MTB/LeoBridges to Hive

The importance of the Multi-Token Bridge cannot be undermined. It is truly useful as it is providing an outlet for Hive assets to get more exposure and liquidity into the DeFi world across different chains as previously mentioned. Without it, the above Hive assets would only be limited to on-chain Liquidity Pools (i.e. Diesel Pools on TribalDex and on BeeSwap.).

In short, it creates an onramp and offramp for users to flow in and out of the Hive ecosystem to the other chains.

LeoFinance, through the Multi-Token Bridge has opened a gateway for the Hive userbase to access other investment opportunities off the chain.

Images/screenshots are from the MTB. No copyright infringement intended. 070922/22:00ph

Posted Using LeoFinance Beta