How do cross-chain bridges transfer coins to another chain?
Another type of cross-chain solution relies on liquidity pools on both chains to swap directly. It doesn't mint wrapped assets, so you receive the target chain's native token.
The value of wrapped assets depends on the bridge itself: if something goes wrong with the assets locked on the source chain, the wrapped tokens on the target chain may lose their peg.
$ZRO is the governance token of LayerZero, an omnichain interoperability protocol.
Another type of cross-chain solution relies on liquidity pools on both chains to swap directly. It doesn't mint wrapped assets, so you receive the target chain's native token.
The value of wrapped assets depends on the bridge itself: if something goes wrong with the assets locked on the source chain, the wrapped tokens on the target chain may lose their peg.
$ZRO is the governance token of LayerZero, an omnichain interoperability protocol.