Secret Binance Smart Chain Bridge Launches to Mainnet

2021-6-16 08:47

A decentralized finance cross-chain bridge for converting tokens into privacy focused versions has launched to mainnet on Binance Smart Chain (BSC).

The Secret Network announced the launch in a blog post on June 15. The BSC bridge provides the ability to bridge BEP-20 tokens into their privacy-preserving equivalents, or “Secret Tokens” on the Secret Network.

The Secret bridge went live on Ethereum in mid-December providing holders of ETH and certain ERC-20 assets to create ‘secret’ versions of their assets to enable private transactions. It can now provide the same functionality for BEP-20 tokens on the Binance Smart Chain.

“This unlocks transactional privacy and programmable privacy for BSC assets while enabling holders to take advantage of Secret DeFi opportunities.”

Privacy Tokens on Binance Smart Chain

This list of initially supported tokens for privacy bridging includes ETH, USDT, BNB, ADA, XRP, DOGE, DOT, USDC, BCH, LTC, LINK, BUSD, TRX, CAKE, BAKE, XVS, LINA, FINE, and BUNNY.

The platform also offers yield farming opportunities on what it calls “Secret DeFi,” or “SeFi.” In addition to the bridge, it has a DEX called SecretSwap which provides cross-chain and privacy-first swaps for creating liquidity and trading Secret Tokens on the Secret Network.

By leveraging secret smart contracts, SecretSwap claims to protect users against malicious front-running and privacy threats. Liquidity on the DEX is currently $33 million according to the analytics page and it has just surpassed $200 million in cumulative volume.

The team has also previously announced testnets for a Secret Monero Bridge and Secret Plasm Bridge facilitating a connection between the Polkadot and Cosmos ecosystems.

“As more bridges get added to mainnet, Secret DeFi users will have a wider array of Secret Tokens to interact with, securing Secret Network’s role as the privacy hub of the blockchain universe.”

It has two governance tokens, SCRT for the network itself, and SEFI for the DEX and DeFi protocol.

SCRT and SEFI price updates

The network’s native SCRT token has gained 5.3% on the day at the time of press. It was trading at $1.48 according to CoinGecko but has fallen heavily with the rest of the market over the past month.

SCRT is also down 72% from its all-time high of $5.23 on Feb. 21. There are 70 million tokens circulating giving it a market cap of just over $100 million.

The SEFI token has fared better today with a gain of 13%. Trading at $0.075, SEFI has made solid progress over the past couple of weeks. It too is still way down from the March ATH of just below $1.   

The post Secret Binance Smart Chain Bridge Launches to Mainnet appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 9.67E-5 (+3.20%)
Объем 24H $55
Изменеия 24h: 4.16 %, 7d: 11.51 %
Cегодня L: $9.67E-5 - H: $9.67E-5
Капитализация $136.673k Rank 2190
Цена в час новости $ 0.0032958 (-97.07%)

mainnet bridge chain binance smart secret launches

mainnet bridge → Результатов: 15


Blockchain monitoring service PARSIQ integrates Chainlink price feeds on Binance Smart Chain

CryptoNinjas » Blockchain monitoring service PARSIQ integrates Chainlink price feeds on Binance Smart Chain PARSIQ a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications has announced it has integrated Chainlink’s price feeds live on Binance Smart Chain (BSC) The new integration will allow developers to build automated Smart-Triggers on PARSIQ that react to real-time events happening on the BSC mainnet.

2021-4-25 00:29


Conflux’s cross-chain bridge ShuttleFlow now live with Ethereum, Binance Smart Chain, Huobi ECO Chain and OKexChain

CryptoNinjas » Conflux’s cross-chain bridge ShuttleFlow now live with Ethereum, Binance Smart Chain, Huobi ECO Chain and OKexChain Conflux, a permissionless layer-1 public blockchain network in China, has announced the mainnet release of ShuttleFlow, a multi-chain asset solution that enables bi-directional interoperability for digital assets between and across Conflux Network, Ethereum, Binance Smart Chain, Huobi ECO Chain, and OKex Chain.

2021-4-21 01:57


Фото:

Bridge Oracle, a Chainlink-Alternative on Tron, Launched

Bridge Oracle, a Chainlink-alternative and the first in the decentralized, high-performant, and scalable Tron mainnet, is live after launching on Mar 11.  An Oracle for Tron’s dApps and Smart Contracts The open-source solution seeking to provide a critical link–turbo-boosting events in the Tron blockchain, will, for the first time, provide external, vetted, trusted, and tamper-proofRead More

2021-3-16 06:16


Фото:

Secret Ethereum Bridge Goes Live, Converting ERC-20 Tokens Into Privacy Coins

According to an announcement from the Secret Network blog, their new protocol named the ‘Secret’ bridge is now live on the Ethereum mainnet. The Secret Ethereum Bridge was designed to create programmable privacy tokens out of ETH and other ERC-20 tokens, a purpose that could function similarly with Monero (XMR) and Zcash (ZEC). “Secret” VersionsRead More

2020-12-19 09:33