Interesting Bridge

Next Generation Bridge which provides 2X Leverage for Crypto Assets

Interesting Bridge

Created At

Road to Web3

Winner of

🏊 Polygon Pool Prize

Project Description

Interesting Bridge as the name suggests bridges assets from EVM chains to Tezos creating a "Wrapped Interest Bearing Asset" in place of just a simple wrapped asset. Tokens bridged from Polygon are deposited to a Lending Pool (Aave) which continues to generate interest, periodically these interests are bridged to Tezos and distributed to the wrapped token holders. Lending Bridge at its core works on a decentralized system of validators that validate these bridge requests and directly derive security from the host chain (in our case Polygon). The validator code is written in Golang while the ethereum contracts are in Solidty and tezos contracts are in SmartPy, the UI uses Vue and library packages like ether.js and taquito to interact with the respective blockchains.

How it's Made

Interesting Bridge as the name suggests bridges assets from EVM chains to Tezos creating a "Wrapped Interest Bearing Asset" in place of just a simple wrapped asset. Tokens bridged from Polygon are deposited to a Lending Pool (Aave) which continues to generate interest, periodically these interests are bridged to Tezos and distributed to the wrapped token holders. Lending Bridge at its core works on a decentralized system of validators that validate these bridge requests and directly derive security from the host chain (in our case Polygon). The validator code is written in Golang while the ethereum contracts are in Solidty and tezos contracts are in SmartPy, the UI uses Vue and library packages like ether.js and taquito to interact with the respective blockchains.

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