↔️Wrapped Tokens Bridging

MTVSwap offers non-native tokens/coins on MultiVAC with the help of RelayChain.

Supported Tokens/Coins of MTVSwap on launch:

• MTV

• WMTV

• SWAPPY

• USDC

• USDT

• BUSD

• ETH

• AVAX

• BNB

• MATIC

• FTM

• CRO

• ONE

RelayChain is a cross chain cryptocurrency bridging protocol. It currently connects 13 EVM (Ethereum Virtual Machine) compatible blockchains and will soon add support for RUST based chains like Solana, Near Protocol, and Cosmos. The bridge has been audited 3 times with the most recent being completed by Halborn. There are 5 publicly known relayers that validate the transactions. There are two primary methods that RelayChain executes to achieve cross chain bridging, wrapped bridging and liquidity bridging.

Wrapped token bridging:

Wrapped token bridging occurs when a token is not natively minted on the destination blockchain. This bridging process can be described as Lock/Mint/Burn/ Release. A user deposits a token to the bridge on the origin chains. The token is then locked into the bridge contract on the origin chain. A wrapped token is minted on the destination chain. In reverse, the user deposits the wrapped token to the bridge. The token is burned on the send chain, and it is released on the native chain. Bridge liquidity is never an issue with this method. This is the primary method utilized by RelayChain.

Liquidity Bridging:

Liquidity bridging occurs when a token is independently minted natively on multiple block chains. This bridging process can be described as Lock/Release/Lock/Release. This method involves the bridge holding balances of natively minted tokens in “handlers” on each chain. A user will deposit their tokens to the bridge on the origin chain, and an equal amount is released on the destination chain. This method requires handlers to be constantly balanced to ensure bridging liquidity.