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RE: CUB Bridge Fees

in LeoFinance4 years ago

So I saw @taskmaster4450le's post about it and I thought there could be some savings for the team if they had some spare bLEO and wLEO tokens to use.

They will still have to do everything between ERC-20 to wLEO and bLEO to BEP-20 but the internal process of wrapping and unwrapping both wLEO and bLEO can be done in bulk. How do they do so? They need to have a reserve of wLEO and bLEO to use when people want to exchange. By doing so, they can combine multiple wrapping and unwrapping operations into one.

Will this change the fact that it is expensive? No but it will drop down the fees by a small amount.

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Yeah there are a lot of things they could do. For example both bots could hold massive reserves of ETH and BNB on both sides. That way you could trade ETH directly for BNB in one swoop. However that requires a lot of overhead collateral to get started.

The reason the bridge is being created this way is because it's very little work to get it up and running, as all the functions already exist and have already been tested: they just need to be automated.

Posted Using LeoFinance Beta

You are right. It would require a lot of collateral and it would be much easier to just use the functions as is. Thanks for the clarification.

Posted Using LeoFinance Beta