Bridging (coming soon)

Token bridging involves the process of reissuing a Universal token from one chain onto another.

Universal Token Bridging

Universal Token Bridging (coming soon)

Token bridging enables the seamless transfer of Universal tokens from one blockchain to another without requiring the withdrawal or re-deposit of collateral with the custodian. This process ensures efficient cross-chain liquidity while maintaining the total token supply.

Bridging Process:

1. Initiating the Bridge:

   • The Merchant calls the bridge function in the smart contract, specifying the number of tokens to be transferred.

   • The specified token amount is burned on the source chain, reducing the Merchant’s Universal token balance.

2. Finalization & Minting:

   • After achieving network finality on the source chain, the equivalent number of Universal tokens is minted on the destination chain.

   • The newly minted tokens are transferred to the Merchant’s designated wallet address.

3. Maintaining Token Supply Integrity:

   • Since the tokens are burned on the source chain and minted on the destination chain, the total supply of Universal tokens remains unchanged.

   • This ensures that liquidity remains efficient and synchronized across all supported blockchains.