xAsset Bridge
Upgrade you token into multi-chain world
Last updated
Upgrade you token into multi-chain world
Last updated
xAsset Bridge helps projects Bridge Your Token to Different Chains, holders of the token could quickly and safely wrap their tokens to different chains. We supports two fungible token bridging methods
Mint&Burn Method: The token will interact with xAsset Bridge by mint&burn manner on the chain. If the mint&burn method is adopted on the chain, while users bridge the token to other chains, the token will be transferred to the xAsset Bridge contract deployed on the chain and burned. While users bridge the token back from other chains, the token will be minted from the xAsset Bridge contract and sent to the user.
Pool-based Method: The token will interact with the xAsset Bridge by lock / unlock manner on the chain. If the Pool-based method is adopted on the chain, while users bridge the token to other chains, the token will be locked to the xAsset Bridge contract deployed on the chain. While users bridge the token back from other chains, the token will be unlocked from the xAsset Bridge contract and sent to the user.
To determine the appropriate scenario and method for your project, please evaluate the following information to choose the scenario and method that best suits your needs:
If your token is deployed only on 1 chain:
And if you want to deploy token(s) to a new chain -> Scenario1 : Mint&Burn Method
If your tokens are already deployed on N chains:
And if you want to enable token cross-chain functionality on these N chains -> Scenario2 : Pool-based
And if you want to deploy tokens to a new chain and enable token cross-chain functionality on n+1 chains -> Scenario 3: Combination of both methods.
Choose the scenario that best suits your project based on the Bridging Method and contact us through this form
Once you have determined your bridging method, you can proceed with the implementation phase.
Here's what you need to do:
Follow How to Develop Under XY Standards to deploy the token contract on the desired chain(s) and send your token address to the XY team.
XY team will provide you relay contract
address , which you will need to set as the minter.
XY team will implement the cross-chain bridging mechanism (usually takes 2 weeks to complete)
You will receive a front-end bridge that allows users to bridge your token through XY Finance.
Here's what you will proceed
Send your current token address to the XY team.
XY team will implement cross-chain bridging mechanism (Usually takes 2 weeks to complete)
Follow How to Deposit / Withdraw Liquidity to provide initial liquidity on the chain where you have deployed your token.
You will receive a front-end bridge that allows users to bridge your token through XY Finance.
(Optional) Establish your own liquidity notification using our API. You can find the details at Set up Notification of Liquidity Shortage
Scenario 3 (Combination of both methods) and Other Cases
Contact us through this form to know more detail
The integration of xAsset Bridge does not charge any fees. However, when users utilize XY Finance in the future to bridge your project's tokens, we will charge a certain fee from it. To learn about the pricing details of the xAsset Bridge, please refer to the following page and check the xAsset Bridge session
Validators: The consensus mechanism of xAsset Bridge incorporates multiple validators, which support and consistently validate data requests from executors as needed.
Contract Independence: The Token Contact will be deployed by the project itself, while the Relay Contract will be deployed by XY, but it will be independent and non-upgradable, ensuring the security of the entire process.
In the regular integration process, once you provide your token address to the XY team, we will deploy the relay contract
for the xAsset Bridge service. If your token involves transfer taxes, you need to whitelist the relay contract
address as both the 'sender' and 'receiver' in order to exempt these taxes during the bridge process.