Bridge
Cross-chain asset bridge, allowing liquidity and fees to move between diverse blockchains.
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Asset Bridge Enabling an Omni-Chain Ecosystem
Ēnosys Bridge is a cross-chain asset bridge that utilizes a custom built set of smart contracts, emphasizing security over liveness. It allows holders of bridged tokens and NFTs to move their assets across different chains to make the most of different Network advantages.
Ēnosys Bridge will also facilitate an omnichain expansion by enabling our governance tokens to be bridged off of Flare to provide liquidity and incentives on other chains. This allows us to aggregate fees from any network we support via Ēnosys Bridge back to the central Flare ecosystem APYCloud.
Flare
An EVM based Layer 1, Flare is built to enable open, decentralized and safe interoperability between blockchains and between blockchains and Web 2.
XDC
A global open source Hybrid Blockchain protocol/platform with independent community contributors comprising of long term backers, network utility and tech developers that help build various enterprise use cases.
Ethereum
A global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world.
Songbird
The Canary Network for Flare, fostering experimentation and testing.
Supported Networks
During it’s initial stages, networks such as XDC, Ethereum, LGCY and XRPL will be supported by Ēnosys Bridge. Afterwards, to reduce the risk of spam and scam attempts on the ecosystem, new tokens and networks must be added via a Governance proposal. Other tokens and networks may be added by the board of the Ēnosys Foundation.
As the Ēnosys Product Suite expands to multiple chains, additional Bridges will be added to facilitate liquidity movement and fee aggregation.
Fees
Initially, Ēnosys Bridge fees will be variable between 1-3% of the amount that is to be bridged, depending on Network attestation costs. A portion of that fee is provided to the Validators who have set up infrastructure on both sides of the bridge to validate transactions in the bridging process. The remaining fee is split 50/50 between the Ēnosys team and the APY Cloud.
