Mint and Burn Bridge
Token Mapped: Create a staking contract for a normal ERC20 token to realize cross-chain action.
Mappable Token: Create a cross-chain eligible ERC20 staking contract for the user.
Token Mapping: Mapping contracts deployed in sidechains, primarily for minting and burning tokens.
Mainchain –> sidechain cross-chain process
- 1.The user selects and deposits the token on the mainchain, which is actually staking their token to the token's staking contract.
- 2.The user withdraw on the sidechain, at which point the node verifies that user's deposit action through the mapping contract, and if more than 3 nodes are validated, the Token Mapping contract executes the mint operation, mints the same amount of tokens, and sends them to the user's destination address for collection.
Sidechain –> mainchain cross-chain process
- 1.The user selects and deposits the token on the sidechain, which is actually burning the token as the contract puts the user's token into the black hole address.
- 2.When the user withdraw on the mainchain, the node verifies that there is a valid deposit operation through the Token Mapping contract, and if more than 3 nodes are authenticated, the Token Mapped contract performs the unstake action and transfers the token to the user’s destination address for collection.
Last modified 2yr ago