What Is LeoBridge & Why Is It Important? [PRESENTATION]
LeoBridge is the talk of the LEO Town! I am sure many of you are excited about it because @khaleelkazi has mentioned it in all of his recent AMAs. The concept is very simple and you might think that this is just a bridge to swap ERC-20 from BEP-20 Tokens & vice versa. Well, this is it from an End user's point of view. But since, there's more to it. It is one of the founding steps towards 'Interoperability' among different chains & LeoFinance.
In order to make CubFinance a long term, futuristic DeFi platform, LeoBridge will act as a vital application. It will expand the horizon of CubFinance which acts as a base layer to LeoFi Space.
I have created this graphical presentation to make you understand a little bit more - How the Bridge works & what are its benefits. Let's dive right into it:
References
- LeoBridge Documentation: https://docs.cubdefi.com/upcoming-features/leobridge#fees-and-burn-revenue
- wLEO: https://wleo.io/ & https://leopedia.io/search/wleo/
- bLEO: https://wleo.io/bsc
- What is Wrapped LEO? https://wleo.io/faq
- CubDefi: https://docs.cubdefi.com/
I hope this presentation would help you understand the basic concept of LeoBridge. If you like it, kindly upvote and share it with LEO or BSC or ETH friends. You can also spread these images on Twitter or Telegram for more visibility. And do not forget to follow @finguru for more of such content. This is not a financial advice, do your own research.
Information is Dopamine. Knowledge is Power.
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https://twitter.com/finguru6/status/1373268808769495049
Some issues with “how it work” picture? It should be “BEP20 output”
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Thank you so much @wxmark, fixed it. ;)
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https://twitter.com/finguru6/status/1373271371111751682
Great presentation, thanks a lot!!
I have a question on the fees slide: It currently lists the LeoBridge Fee at 0.25% and two times the slippange/gas fees on Ethereum - shouldn't this be once for Ethereum and once for BSC, or is there a misunderstanding on my side?
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Thanks for stopping by @minus-pi. I am sure gas fees is calculated once for ETH and once for BSC.
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thanks for the clarification! :)
You are most welcome!!
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yes, i spotted that too, i think you're right, ie. once for Ethereum and once for BSC,
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These info graphics are really helpful and nicely done! Continue with this great work and it will hail plenty of LEOs onto your posts. ;-)
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Thanks @flauwy for the encouraging words. Will definitely do more of these! Gotta catch 'em all LEOs. 😁😁
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Excellent explanation. I really liked the info graphics. Great job!
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Thank you so much @sgt-dan! 🙏
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Simply great.
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Thank you so much @ivansnz. 🙏
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Quality presentation!
I've favourited this blog to share with people when I get questions :)
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Thank you so much @forexbrokr.
Means a lot to me! This is the reason why I made it so that it could help anyone explain anyone else about the LeoBridge.
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Nice explanation. Great tool. Glad I've holding and buying my Cub
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Thank you so much @whatsup. Keep them close in your DEN. 🏔️😁
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Thanks for the explanation. The presentation made it easier for me to understand the technical stuff.
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Awesome!!! You are most welcome @juanvegetarian. Hope you enjoyed.
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Cool. :)
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Awesome work on your presentation! It looks great!
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Thank you so much @gadrian. Appreciate it!!
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Well done.
This whole space lacks people who can explain technicalities to an average Joe.
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Thank you so much @ocupation. Will try my best to fill the gap. Just getting started. 👻
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Forwarding this to some friends in the ETH and BNB universe.
With the trust that everyone have in the LEO team, this bridge can become the most used in the upcoming months.
CuBullish! ;P
Posted Using LeoFinance Beta
Thanks @renovatio. That would be so cool. This Bridge is first of its kind. So excited! 👻
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