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Should @leofinance Focus on Cross Chain Bridges to Bring in Revenue?

avatar of @vimukthi
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Makishima Shougo
@vimukthi
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1 min read

DeFi Protocols need revenue to become sustainable. Wrapping and unwrapping Tokens provide a significant amount of revenue for CUB and POLYCUB which are then used to buyback the Tokens from the open market (and in the case of CUB; burn the purchased Tokens). One of the advantages of being on multiple smart contract compatible chains is the ability to perform cross chain swaps. The income that would be generated will depend on the volume of transactions that happen. 

We already have the same asset wrapped on multiple blockchains as in the case of HIVE, HBD and LEO. These could be used to provide cross chains swaps for users. The growth of Project Blank will expose more users to these services leading to more swaps performed. 

 

I don't know if the cost of developing and maintaining such Bridges/Exchanges will be worth the revenue that is generated. If there are any inputs regarding this topic; make your case below.

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