Multichain support and Cross-chain pools
Last updated
Last updated
We call it Gourmet Galaxy for a reason. Decentralization has no limits, that is why we don’t want to limit it to one Blockchain. Purchasing and transferring assets between different types of Blockchain is a must-have feature for any platform. GUMPad is in fact a permissionless DEX for cross-chain token pools and auctions.
GUMPad supports 3 chains at the moment: Huobi Eco Chain (HECO), Binance Smart Chain (BSC), and Ethereum (ETH). This allows users to choose between their favorite Blockchain, and avoid the inconvenience of high Ethereum gas fees while still making use of its maturity and ecosystems.
This cross-chain pool system is powered by BSC and HECO bridge, which allow interoperability between Ethereum, HECO, and BSC.
Below is an illustration of how asset transfers between BSC and Ethereum work:
With the ability to interoperate with Binance Smart Chain and Huobi Eco Chain, GUM Pad making use of these high-speed, low-fees platforms in order to fully terminate the gas-war.