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4

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Total Value Locked (USD)

110 853 345

24h Volume

10 634 418

Brief description of the bridge

The TokenBridge architecture is used to move and convert assets between chains. With the xDai chain, the bridge converts Dai into xDai. Once converted, xDai is used as a native token (for transactions as well as transaction fees) on a chain where block times are fast and transactions are stable and extremely inexpensive. When a user is finished using xDai, they can convert it back to Dai using the same bridge.

Supported currencies

Smart Contracts

Ethereum: 0x4aa42145Aa6Ebf72e164C9bBC74fbD3788045016

Audits and Exploits

This bridge was audited by Quantstamp so you can find these documents here. Also this bridge has a bounty-program. Here's info about recent exploit. 

Bridge Token

This bridge has his own token call xDAI. xDai tokens are used to pay for gas and transactions on the xDai chain. They are a stable token (worth ~ 1 USD) created from locked Dai. Note that xDai features a dual token model with xDai as the stable transaction currency and STAKE as the staking/utility token

Limits

The minimum per transaction amount is: 10 xDai

What is Gnosis Chain?

The Gnosis Chain is a stable payments EVM (Ethereum Virtual Machine) blockchain designed for fast and inexpensive transactions. The chain uses a unique dual-token model; xDai is a stable token used for transactions, payments, and fees, and STAKE is a governance token used to support the underlying POSDAO Proof-of-Stake consensus.

https://www.xdaichain.com/

What is Ethereum?

Ethereum is both a blockchain network, an application platform, and a full-fledged programming language. The goal of the project is to create and publish distributed applications that do not require third party trust.

https://ethereum.org/en/