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Bullets Bridge
"Seamlessly Connecting BLT Tokens Across Blockchain Networks with our Bridge System"
The bridge system on Bullets.finance works by creating wrapped BLT tokens, or wBLT, on a different blockchain network that can be exchanged for the original BLT tokens. This is done through the use of a smart contract, which locks the original BLT tokens on the source network and mints an equivalent amount of wBLT tokens on the destination network.
Here's how the process works step-by-step:
- 1.A user wants to transfer BLT tokens from the source network to the destination network.
- 2.The user sends the BLT tokens to the bridge system's smart contract on the source network.
- 3.The smart contract locks the BLT tokens and mints an equivalent amount of wBLT tokens on the destination network.
- 4.The user can then use the wBLT tokens on the destination network, where they can be traded or exchanged for other tokens.
- 5.To convert the wBLT tokens back to BLT tokens, the user simply sends them back to the smart contract on the destination network, which burns the wBLT tokens and releases the original BLT tokens on the source network.
The bridge system on Bullets.finance is designed to be fast, secure, and cost-effective. It leverages the efficient and scalable layer-2 solution of the ZkSync network to provide users with fast transaction speeds and low gas fees. This ensures that users can transfer their BLT tokens between different blockchain networks with ease and without incurring high transaction costs.
Below is a diagram that illustrates the working of the Bulletswap Bridge:
// Some code +------------------------+
| Bulletswap Bridge UI |
+------------------------+
|
| User initiates transfer
v
+-----------------------------+
| Bulletswap Bridge Smart Contract |
+-----------------------------+
|
| Bridge calculates fees and exchange rates
v
+-----------------------------------------------------+
| Bulletswap Oracle retrieves token prices and rates |
+-----------------------------------------------------+
|
| User confirms transaction
v
+---------------------------------------+
| Bulletswap Bridge receives user tokens |
+---------------------------------------+
|
| Bridge sends tokens on destination blockchain
v
+----------------------------------------------------------+
| Bulletswap Bridge initiates transaction on destination chain |
+----------------------------------------------------------+
|
| Transaction is confirmed on both blockchains
v
+-------------------------+
| Tokens are successfully transferred |
+-------------------------+
Here's how the Bullets Finance Bridge works:
- 1.The user initiates the transfer of tokens from one blockchain to another by selecting the source and destination chains in the Bridge interface.
- 2.The Bridge system calculates the fees and exchange rates for the transfer, and displays them to the user.
- 3.The user confirms the transaction and sends their tokens to the Bridge address.
- 4.The Bridge system receives the tokens and initiates a transaction on the destination blockchain to send the equivalent amount of tokens to the user's specified address.
- 5.Once the transaction is confirmed on both blockchains, the tokens are successfully transferred.
Last modified 7mo ago