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The Cubfinance Multi-token Bridge between Ethereum, Binance and Polygon.

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Cubfinance Multitoken Bridge

What is the Cubfinance multi-token bridge?

  • The Cubfinance is a decentralized finance project on Binance blockchain, which runs a Multi-Token Bridge between Ethereum, Binance and Polygon.
  • The Multi-Token Bridge (MTB) Launched in August 2022 and it allows you to move investment capitol from one of the above four blockchains to one of the other blockchains.
  • This means by using one of the multiple bridge tokens, you can move your money from: Ethereum to Binance, Binance to Ethereum, Ethereum to Polygon, Polygon to Ethereum,
    Ethereum to Hive, Hive to Ethereum, Binance to Polygon, Polygon to Binance, Binance to Hive, and Hive to Binance.

How does it work.

Step one - You swap your asset for the specific blockchain utility token.

For example:

  • On the Ethereum blockchain, swap asset for Ethereum.
  • On the Binance blockchain, swap asset for BNB.
  • On the Polygon blockchain swap asset for Matic.
Step two- Trade the blockchain specigic Utility Token for blockchain specific Bridge Token.

Example:

  • On the Ethereum blockchain the utility token is Ether or ETH.
  • Trade your asset for Ether or ETH.
  • Go to Uniswap
  • On Uniswap Trade Ether for the bridge token called WLEO, using the ETH-WLEO trading pair.
  • Now your ready for step 3. Or Example: On the Binance blockchain:
  • On PanCakeSwap trade your asset for BNB
  • Then Go to Cubfinance and Trade BNB for BLEO using the BNB-BLEO trading pair.
  • Now your ready for step 3. Or Example:
    On the Polygon blockchain.
  • Swap your asset for Matic on SushiSwap
  • Go to Polycub website
  • Swap Matic for PLEO.
  • Now your ready for step 3.
Step Three-
  • Go to bridge website www.wLEO.io
  • Select the button which corresponds to the asset you have, either wLEO, bLEO or pLEO
  • This will send it to your Hive wallet as Leo
  • Confirm receipt
  • Go back to www.wLEO.io
  • Select the blockchain you want to send Leo to, and the wallet address on that blockchain.
  • It will appear as wLEO, bLEO or pLEO on the appropriate blockchain wallet.

How much does it cost?

  • Wrapping Fees -> a small 0.50% fee is collected by the smart contract & oracle when wrapping or unwrapping
That’s complicated!
  • Cryptocurrency is complicated right now.
  • In the future moving assets across blockchains will be simpler.
  • But right now it is not, so you have less competition the high yields.
    Being a first mover is profitable, but no one ever said it was easy.

Posted Using LeoFinance Beta