Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: vivaldiforever on April 04, 2022, 07:04:01 PM
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Thea, Polkadex’s revolutionary interoperability layer has been announced.The Polkadex team describes the Thea bridge as an easier, safer, and more decentralized token bridge.According to the Polkadex team, bridging from Ethereum to Thea will be as simple as passing ERC-20 tokens to the Thea smart contract. It won’t cost you any more than a regular balance transfer transaction.Your bridging funds will be immediately sent to your Polkadex account after 25 Ethereum confirmations.
In my opinion, bridges are indispensable for blockchain. What do you think about decentralized bridges?
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Polkadex, built on Substrate, is a fully decentralized peer-to-peer Orderbook-based cryptocurrency exchange for the DeFi ecosystem and as afar as i know they are working on 3 main products Orderbook, PolkaIDO and mobile app. It seems that a bridge called Thea was also wanted to be presented to the users.Thea is the underlying decentralized technology that makes deposits and withdrawals to & from polkadex feel like they do in a cex
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Bridging liquidity from Ethereum is either too expensive, difficult, or sluggish for the average user.It seems Polkadex focused on these difficulties when designing Thea in order to create the token bridge idea with the user in mind.
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Liquidity bridges aren't the only ones with problems; the DeFi industry as a whole is. Polkadex was created with interoperability in mind, with the goal of finding answers to the issues that plague decentralized exchanges.
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Well if i add my opinion too,the concept of decentralization has been my favorite thing in the entire blockchain.Although Polkadex was born as a decentralized exchange, it also offers its products to the market in a decentralized manner.So it seems they have also been hard at work on a solution to the huge user experience problem created by inefficient and insecure token bridges.
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Personally, I believe that the best moment to purchase any cryptocurrency is when the price of the token you want to purchase is low, so you may sell when the price rises. Another occasion is when a project is just getting started, such as when I invested in Paragen $Rgen, a just launched project built on the Binance smart chain. It is listed on pancakeswap and CMC, which was part of my study. It's a multichain metaverse incubator that's worth considering in the long run.
So I believe those are the best times to buy, at least for me.