POLKABRIDGE — THE BRIDGE TO OTHER CHAINS | by Latsan

3 min readFeb 6, 2022

POLKABRIDGE — THE BRIDGE TO OTHER CHAINS

What is Polkabridge?

PolkaBridge is a decentralized cross chain protocol which serves as a bridge between Polkadot and other Blockchains. One of PolkaBridge’s most noticeable product is PolkaBridge DEX; which is a decentralized exchange that allows users to swap tokens on Polkadot to other ones on other blockchain platforms without any active involvement of centralized exchanges. With the smart farming mechanism, liquidity providers can earn more rewards than they think. It includes cross-chain AMM, Farming, Lending,Launchpad and Prediction

Features of Polkabridge

● Farming: Polkabridge farming feature allows users to earn up to 90% transaction fee by providing liquidity to liquidity pools

● Lending: allows users to have easy access to borrowing and depositing of funds

● Cross-chain AMM: It allows users to trade assets very quickly, and assets could be swapped across different blockchains effortlessly. PolkaBridge being a 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% to a treasury contract, later used to buy back the native PBR token and burn it.

● Prediction: Polkabridge allows users to predict the markets and rewards users with correct predictions.

● Launchpad: users are enabled to participate in IDOs of good and strong projects. Polkabridge ensure fairness in distributing IDO tokens so that all participants can acquire them with ease without a single party fetching a high percentage of supply, prevent the system from being gamed and increase the value of PBR tokens.

Why Polkabridge?

● PolkaBridge allowing liquidity mining for users to earn yield.

● Polkabridge cross-chain AMM being a 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.

● It ensure that users are able to hold assets on different chains and can trade them easily and conveniently.

● It enable users with providing lending/ borrowing, staking and yield farming opportunities.

● Lower transaction fees than ethereum

● Super fast transaction processes

How to use PolkaBridge Multi Chain AMM

To begin with visit https://swap.polkabridge.org/ connect your wallet generally using MetaMask. Sect assets to swap and click swap. Authorize the transaction in the wallet to complete the swap. The swapped asset will thereafter be sent to your wallet.

PolkaBridge stands out despite hundreds of defi tokens circulating in the market and one of the most prominent reasons for its success is designing a multi-chain Automated Market Maker (AMM) type decentralized exchange, which allow users to simultaneously execute swaps or trade assets on different blockchains

For more information on Polkabridge, click these links…

● Website: https://polkabridge.org

● Farming https://farm.polkabridge.org

● Staking https://stake.polkabridge.org

● LaunchPad https://launchpad.polkabridge.org

● Twitter: https://twitter.com/realpolkabridge

● Medium: https://medium.com/@polkabridge

● Github: https://github.com/cyclese96

● Telegram Channel https://t.me/polkabridge

● Telegram Group https://t.me/polkabridgegroup

● Discord https://discord.gg/G3NDrcq6GW

● Reddit https://www.reddit.com/r/polkabridge_official