VulcanBridge is the first bridge of the ecosystem that gives our community direct access to the Binance Smart Chain. This connection allows for seamless transfer of assets, fostering interoperability and collaboration between the two blockchain networks.
VulcanBridge is used for cross-chain transfer of assets between Vulcan Chain and Binance Smart Chain. This bridge serves as bidirectional transfer of VUL-20 / BEP-20 tokens in a quick and cost efficient way. The BSC to Vulcan transfers will result in creation of newly minted tokens to Vulcan Blockchain known as VUL-20. Users will also be able to transfer VUL-20 tokens back to BSC which would result in burning VUL-20 tokens and subsequently unlocking the original BEP-20 tokens in Binance Smart Chain.
🟢 Swap Service: The service keeps watching the swap request events on both chains and sends transactions to swap proxy contracts on both chains. The server monitors events to issue mirrored assets (tokens) on the Vulcan Chain.
🟢 BSC Side: There is a swap contract deployed on BSC mainnet. The contract receives requests from the server to lock/unlock a number of BEP-20 tokens. It is possible to collect fees.
🟢 Vulcan Side: There is a swap contract deployed on the Vulcan Chain. The contract receives requests from the server to mint/burn a number of VUL-20 tokens. It is possible to collect fees. Binance Smart Chain to Vulcan Chain