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What is "Northbridge" ?
KillSwitch has designed a system where farmers transfer through a Bridge similar to an original chain.
Bridge โ€” Original Chain
Itโ€™s working principle is to โ€œLock Tokenโ€ in a Smart Contract and โ€œMintโ€ out the tokens from the other side of another Chain. Once the action of transferring back, the bridge will โ€œBurnโ€ the tokens and โ€œUnlockโ€ the tokens that were locked.
For Example:
If users want to transfer MATIC from Polygon chain to BSC through Northbridge, they will need to use MATIC to bridge, users will then receive kMATIC tokens from BSC in which Northbridge will โ€œLockโ€ MATIC token then โ€œMintโ€ kMATIC to BSC. Users can also exchange kMATIC tokens with any other type of token through https://foodcourt.finance.
Vice Versa, if you want to โ€œBridgeโ€ kMATIC (from BSC) back to the Polygon chain, the system will โ€œBurnโ€ kMATIC and unlock MATIC to transfer to your wallet.
Click for more information: Mediumโ€‹
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Last modified 2mo ago
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