RE: What's New: LeoAds 1st Distribution, LeoPremium, Keychain 3.0 Beta & Swap Fees
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Finally, FG saves the day!
Would you be so kind to explain what "wrapping" means, as well as PCS?
By the way, not sure what Keychain's doing by excludin InLeo, but we'll cut them some slack this time and hope they rectify that.
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Thank you :)
Wrapping in this post simply means bridging HIVE and LEO to Binance Smart Chain (HIVE becomes bHIVE and LEO becomes bLEO). I should probably edit that and not use the term wrapping hehe.
PSC is the decentralized exchange PancakeSwap :)
Yes, I don't understand why InLeo was not included on the DApps but hoping it will be there when the updates goes into the production app.
Well, I would not have learned about them from you if I hadn't seen them there. Thank you for explaining!
Haha, yeah. It's how tokens or coins cross to other chains. In the case of HIVE or LEO, they go through the Multi-Token Bridge where they are wrapped (burned or locked away in a digital vault), and the equivalent amount is minted as bHIVE or bLEO.
To unwrap them (send them back to Hive), we need to use the bridge again which burns the bHIVE & bLEO, and then the equivalent amounts are issued in the native HIVE and LEO token (minus the bridge fees)
Not sure if I'm explaining it well, lol!
Oh, but you are explaining it well. Now it makes more sense. Thank you, FG!