04-08-2021, 02:23 AM
Polygon/Matic <-> BSC Bridge just went live! Bye bye Binance Smart Chain
<!-- SC_OFF --><div class="md"><p>You can now move your tokens on Binance chains to Matic for a very cheap cost, using the new MATIC - BSC bridge.</p> <p>For those who havent used Matic / Polygon yet, it is a highly scalable L2 Network for Ethereum, infact it is multiple times more scalable than even BSC. So while a transaction may cost 10c on BSC, it would cost only $.002 on Matic. </p> <p>The beauty can be seen in complex transactions that involve multiple contracts and routers, which may cost $200 on Ethereum, $2 on BSC but still only 1c on MATIC. For example, imagine a farming pool where you stake one LP token, and get over 10 different tokens as reward. on Ethereum the fees will absolutely kill you, so no project will even attempt this. But there are projects that already run this on Matic. </p> <p>Link to the bridge: <a href="https://www.xpollinate.io">https://www.xpollinate.io</a> (the bridge has been developed by the 1hive DAO organisation, which also runs the honeyswap and xDai network)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DetroitMotorShow"> /u/DetroitMotorShow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mlyqjq/polygonmatic_bsc_bridge_just_went_live_bye_bye/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mlyqjq/polygonmatic_bsc_bridge_just_went_live_bye_bye/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>You can now move your tokens on Binance chains to Matic for a very cheap cost, using the new MATIC - BSC bridge.</p> <p>For those who havent used Matic / Polygon yet, it is a highly scalable L2 Network for Ethereum, infact it is multiple times more scalable than even BSC. So while a transaction may cost 10c on BSC, it would cost only $.002 on Matic. </p> <p>The beauty can be seen in complex transactions that involve multiple contracts and routers, which may cost $200 on Ethereum, $2 on BSC but still only 1c on MATIC. For example, imagine a farming pool where you stake one LP token, and get over 10 different tokens as reward. on Ethereum the fees will absolutely kill you, so no project will even attempt this. But there are projects that already run this on Matic. </p> <p>Link to the bridge: <a href="https://www.xpollinate.io">https://www.xpollinate.io</a> (the bridge has been developed by the 1hive DAO organisation, which also runs the honeyswap and xDai network)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DetroitMotorShow"> /u/DetroitMotorShow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mlyqjq/polygonmatic_bsc_bridge_just_went_live_bye_bye/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mlyqjq/polygonmatic_bsc_bridge_just_went_live_bye_bye/">[comments]</a></span>Kind Regards R