XYO Layer One finally launched its bridge functionality!
The mechanism where everyone used to stake $XYO to earn $XL1 rewards has been running for a while, but $XL1 could only stay confined to XYO Layer One without many places to use it.
Now that XYO Layer One Bridge is live, things have completely changed!
So what exactly changed this time?
With the new bridge functionality, you can finally cross-chain transfer the $XL1 accumulated from staking out of XYO Layer One, finally having an exit and more practical use cases. That stuck feeling from before is finally relieved.
Let's do a quick review of the entire structure:
After staking $XYO , you still continue to hold the original $XYO, while earning $XL1 as rewards $XL1 is XYO Layer One's dedicated utility token After this bridge went live, $XL1 can finally move freely across other chains The entire ecosystem is still in its early stages, but Layer One's foundation is getting stronger, and features are being unlocked step by step. This update is an important small step forward.
For detailed instructions, you can check here: To try the bridge operations directly: Friends playing XYO, go experience it now! #XYO $XYO $XL1 @OfficialXYO
XYO Layer One finally launched its bridge functionality!
The mechanism where everyone used to stake $XYO to earn $XL1 rewards has been running for a while, but $XL1 could only stay confined to XYO Layer One without many places to use it.
Now that XYO Layer One Bridge is live, things have completely changed!
So what exactly changed this time?
With the new bridge functionality, you can finally cross-chain transfer the $XL1 accumulated from staking out of XYO Layer One, finally having an exit and more practical use cases. That stuck feeling from before is finally relieved.
Let's do a quick review of the entire structure:
After staking $XYO , you still continue to hold the original $XYO, while earning $XL1 as rewards
$XL1 is XYO Layer One's dedicated utility token
After this bridge went live, $XL1 can finally move freely across other chains
The entire ecosystem is still in its early stages, but Layer One's foundation is getting stronger, and features are being unlocked step by step. This update is an important small step forward.
For detailed instructions, you can check here:
To try the bridge operations directly:
Friends playing XYO, go experience it now!
#XYO $XYO $XL1 @OfficialXYO