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What is Allbridge Core?
Allbridge Core is a cross-chain transaction bridge that allows you to exchange stablecoin assets issued on one network for the same assets on another. But the main advantage of Allbridge is that it closes perhaps the biggest gap in the DeFi sector - the gap between EVM and non-EVM networks. Supported networks include Solana, Ethereum, Tron, and BNB Chain.
Allbridge has a native $ABR token, which is used to pay fees for transfers in the other flagship product of the ecosystem, Allbridge Classic, participate in the distribution of fees, and earn from farming and providing liquidity on supported networks. $ABR holders can stake their tokens on the platform to receive a share of Allbridge Classic's fee income, get a discount on fees, and participate in DAO voting.
In general, the platform makes life easier for Degens and makes working in DeFi more efficient by interacting with protocols that were previously simply inaccessible to the top tokens of the market and eliminating expensive cross-chain swaps on DEXs and liquidity aggregators.
** How it works ** Allbridge Core is based on its own inter-network messaging protocol, as well as the Wormhole protocol, which allow you to transfer data from one blockchain to another. The bridge built on its basis works as follows:
Allbridge Core has native liquidity pools for every supported token on every supported network. Outgoing tokens are sent to a pool, where they are exchanged for virtual assets, which are a representation of the value of the tokens within the protocol. Using the specified inter-network messaging protocol (Wormhole or Allbridge), virtual tokens are sent from the source network to the target. The bridge smart contract on the target blockchain exchanges virtual assets for native ones from the liquidity pool and sends them to the user.
**Allbridge Products ** Allbridge offers users several products related to their exchange protocol and native token:
Albridge Core
Albridge Core is a bridge for cross-network transfer of USDT, BUSD, USDC and DAI stablecoins. The list of supported blockchains includes Solana, Ethereum, BNB Chain and Tron. The bridge allows you to transfer the most popular stables from one network to another without DEX/CEX.
Unlike Classic, Core only works with native tokens and does not use wrapped assets, and both the native internetwork protocol and Wormhole (can be set in the settings) can be used to process requests.
Allbridge Classic
Allbridge Classic is a bridge for transferring tokens between 17 supported networks. The service uses both wrapped and native multi-grid tokens during operation and allows transactions to be carried out without delays on the side of the bridge.
Currently, the list of supported coins includes several dozen assets, including ETH and wrap-BTC, as well as popular stablecoins and native blockchain tokens.
Developers can request to have their own token listed on Allbridge, subject to a number of conditions. Read more here.
To make transfers more comfortable, the Allbridge ecosystem has partnered with several AMM platforms in the most popular networks. The platforms host liquidity pools for wrapped tokens, so even if you received a wrapped asset (for example, abUSDT), you can easily swap it to native through a partner DEX.
Official link:
What is Allbridge Core?
Allbridge Core is a cross-chain transaction bridge that allows you to exchange stablecoin assets issued on one network for the same assets on another. But the main advantage of Allbridge is that it closes perhaps the biggest gap in the DeFi sector - the gap between EVM and non-EVM networks. Supported networks include Solana, Ethereum, Tron, and BNB Chain.
Allbridge has a native $ABR token, which is used to pay fees for transfers in the other flagship product of the ecosystem, Allbridge Classic, participate in the distribution of fees, and earn from farming and providing liquidity on supported networks. $ABR holders can stake their tokens on the platform to receive a share of Allbridge Classic's fee income, get a discount on fees, and participate in DAO voting.
In general, the platform makes life easier for Degens and makes working in DeFi more efficient by interacting with protocols that were previously simply inaccessible to the top tokens of the market and eliminating expensive cross-chain swaps on DEXs and liquidity aggregators.
** How it works ** Allbridge Core is based on its own inter-network messaging protocol, as well as the Wormhole protocol, which allow you to transfer data from one blockchain to another. The bridge built on its basis works as follows:
Allbridge Core has native liquidity pools for every supported token on every supported network. Outgoing tokens are sent to a pool, where they are exchanged for virtual assets, which are a representation of the value of the tokens within the protocol. Using the specified inter-network messaging protocol (Wormhole or Allbridge), virtual tokens are sent from the source network to the target. The bridge smart contract on the target blockchain exchanges virtual assets for native ones from the liquidity pool and sends them to the user.
**Allbridge Products ** Allbridge offers users several products related to their exchange protocol and native token:
Albridge Core
Albridge Core is a bridge for cross-network transfer of USDT, BUSD, USDC and DAI stablecoins. The list of supported blockchains includes Solana, Ethereum, BNB Chain and Tron. The bridge allows you to transfer the most popular stables from one network to another without DEX/CEX.
Unlike Classic, Core only works with native tokens and does not use wrapped assets, and both the native internetwork protocol and Wormhole (can be set in the settings) can be used to process requests.
Allbridge Classic
Allbridge Classic is a bridge for transferring tokens between 17 supported networks. The service uses both wrapped and native multi-grid tokens during operation and allows transactions to be carried out without delays on the side of the bridge.
Currently, the list of supported coins includes several dozen assets, including ETH and wrap-BTC, as well as popular stablecoins and native blockchain tokens.
Developers can request to have their own token listed on Allbridge, subject to a number of conditions. Read more here.
To make transfers more comfortable, the Allbridge ecosystem has partnered with several AMM platforms in the most popular networks. The platforms host liquidity pools for wrapped tokens, so even if you received a wrapped asset (for example, abUSDT), you can easily swap it to native through a partner DEX.
Official link:
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