3/16/2021 0 Comments
Harmony(ONE) #BSC Bridge will give huge impact to on-chain transaction for major Harmony(DApps)
Harmony has connected to Ethereum bridge for months, and it faces big hurdles for users to literally use it. Why? Gas fees! It takes crazy high gas fees to bridge between ETH mainnet to Harmony(ONE) mainnet.
Being able to bridge #BSC tokens ecosystem or you know it as BEP20 that means you will now pay cheap fees thanks to #BSC
Binance Coin(BNB) mainnet.
So what determines it mean and how it will imply to Harmony(ONE) ecosystem?
Let's look at http://crosschain.loans dapps. When borrowing now, you can mint BEP20 Stable coins.
When it comes as lenders in http://crosschain.loans Blitslabs
You will be able to lock your BEP20 stable coins to provide liquidity there (the amount you put as lender will be mirrored as the amount of borrowers can lend) and get stable coins APY rewards. Furthermore, with amazing low fees.
Visit http://viper.exchange by VenomDAO
In VIPER platform all Liquidity and feature is on Harmony(ONE) mainnet or as you notice it as Harmony(ONE) native and HRC20 tokens.
In that pool ONE/$BUSD you must put HRC20 BUSD in order of liquidity providers.
Because of the #BSC bridge, users are gonna be impressed with juicy incentives for being LPs. You can exchange ONE to BUSD back and forth in such a decentralized manner.
Later users can exchange Harmony(ONE) in http://viper.exchange to stable coin HRC20 BUSD.
And if they prefer to use the HRC20 BUSD to exchanges that only provide BEP20 BUSD; they can convert it through the #BSC bridge, anew the whole process WILL NOT cost you serious gas fees.
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