What Is LeoBridge & Why Is It Important? [PRESENTATION]

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(Edited)

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:

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LeoBridge.png


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References

  1. LeoBridge Documentation: https://docs.cubdefi.com/upcoming-features/leobridge#fees-and-burn-revenue
  2. wLEO: https://wleo.io/ & https://leopedia.io/search/wleo/
  3. bLEO: https://wleo.io/bsc
  4. What is Wrapped LEO? https://wleo.io/faq
  5. 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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Posted Using LeoFinance Beta



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29 comments
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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?

Posted Using LeoFinance Beta

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yes, i spotted that too, i think you're right, ie. once for Ethereum and once for BSC,

Posted Using LeoFinance Beta

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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. ;-)

Posted Using LeoFinance Beta

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Quality presentation!

I've favourited this blog to share with people when I get questions :)

Posted Using LeoFinance Beta

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Thank you so much @forexbrokr.

I've favourited this blog to share with people when I get questions :)

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.

Posted Using LeoFinance Beta

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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

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