Decentralized Finance (DeFi) is a rapidly growing sector of the blockchain ecosystem and brings a lot of benefits to users in the market by offering vast improvements over the traditional financial system. Currently, decentralized applications (DApps) are mostly deployed on Ethereum.
Polkadot is a blockchain protocol with a strong development team, and has many advantages over Ethereum in terms of processing speed and scalability. How can users experience all DeFi applications on many different platforms in one place? This is what PolkaBridge was born for.
PolkaBridge is a decentralized all-in-one financial applications platform. The PolkaBridge ecosystem is expected to include multi-chain & cross-chain automated market maker (AMM), farming, lending, fundraising platform (launchpad), prediction, NFT, and more. All products will be developed with Polkadot as the base.
PolkaBride is designing a multi-chain Automated Market Maker (AMM) type decentralized exchange, which will allow the users to simulatenous execute swaps or trade assets on different blockchains. It is going to be the flagship PolkaBridge product. It will support Ethereum, Polygon, Solana, Polkadot and Binance Smart Chain (BSC) – after full deployment. For instance, users can swap Ether (ETH) with PolkaBridge (PBR) token on the Ethereum blockchain and also exchange Binance Coin (BNB) with PolkaWar (PWAR) token – all from one platform. PolkaBridge multi chain AMM decentralized exchange would charge 0.2% fees per swap, out of which 80% would go to the liquidity providers and the remaining 20% would be routed to a wallet, later used to buy back the native PBR token and burn it. This will increase the value of the PBR token.
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