I was on Dappradar just now, as I was excited to see CUB finance is now on Dapp radar, and I noticed an advertisement just below

Its great news that CUB is on dappradar by the way, and its 79th on BSC (be great to get top 25 so its on the first page!)

But back to the reason for the post, you can see there is an add for a Defi bridge, and that got me thinking is there competition for the LEO bridge? and its called Nerve.fi

What is Nerve FI bridge?

So I was curious and clicked through to see if its similar to LEO bridge, and actually its completely different. It doesn't use smart contracts, its very similar to binance bridge, where you deposit to an address and later (they say 10-20mins) the BSC equivalent is deposited to your account. See the screenshot below:

I was hoping I could find the contract address so I could see how much it was being used, but then when I went to connect and use it, I came up with the following screen:

So clearly you deposit to the address shown above, and then just hope that someone doesn't run away with your money, or that you type the wrong address. I am not suggesting at all that nerve fi isn't legit, it probably is, but it does rely on you trusting them to use their service. It also may even take upto 12 hours, which would be a very nervous 12 hours. So in reality this is a far inferior solution to LEObridge, but its being advertised, and I am sure probably more adoption than LEOBridge.

The more LEO bridge is used, the better it is for CUB holders, because the fee goes into buying CUB and burning it. So we need to get word out, about how effective LEOBridge is, and how it is trustless. Perhaps if there are whales out there in CUB it might be worthwhile buying some advertisements on dappradar too?

Posted Using LeoFinance ^Beta