TeleportDAO

TeleportDAO

Created using Figma
Created using Figma
TeleportDAO is a bridge protocol that provides an infrastructure for developers to build cross-chain applications.
To be announced
Additional Details
MVP/Prototype
Yes
Categories
Platform

About TeleportDAO

TeleportDAO is a secure, and capital-efficient infrastructure that connects blockchains together. Using TeleportDAO, users can move any asset or data (token, NFT, contract calls, etc.) from one blockchain (called source chain) to another blockchain (called target chain). TeleportDAO does this in a trustless and instant manner and it works between any programmable and non-programmable blockchains.

TeleportDAO token is called TDT. TDT is a governance token that is also used to incentivize TeleportDAO participants. Moreover, TDT can be staked by the users so that they are enabled to use the instant feature of the platform.

TeleportDAO uses Relay for its bridge, which is the most secure solution to blockchain interoperability as it does not rely on third parties. Instead, all the cross-chain data is verified by smart contracts. To deploy TeleportDAO smart contracts, the target chain needs to be programmable, however, the source chain can be programmable or non-programmable. TeleportDAO adjusts to different blockchains with different consensus mechanisms and different speeds.

Transferring assets from one blockchain to another is often a time taking process. This can introduce some risks for cross-chain users. For example, it can impose a big loss for users who need to exchange their assets on another blockchain immediately. TeleportDAO introduces Teleportation mechanism which enables users to perform the cross-chain settlement instantly.

Two dApps have already been built on top of the TeleportDAO infrastructure: cross-chain transfer and cross-chain exchange.

  • Cross-Chain Transfer: users can transfer their tokens from the source chain to the target chain. This process is two-way, so users can move back their assets from the target chain to the source chain.
  • Cross-Chain Exchange: users can exchange their assets on the source chain for other assets on the target chain. TeleportDAO uses the automated market maker (AMM) as the price-discovery mechanism.

Activity

Year commits:
18
Watchers:
0
Stars:
0
Forks:
0
Open issues:
1
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.