Hello, everyone!
I am going to make token bridge using solidity.
Main challenge is that I am going to transfer USDC between Polygon(MATIC) and BSC, not my own token.
How can I burn and mint USDC on both of the different network?
If you know the solution or example code source, please let me know.
Regards!
May 27, 2021, 4:59 AM
For obvious reasons, you can't mint it. The only option is that you buy enough reserves which can then be released when needed. And don't burn - only lock.
May 27, 2021, 5:02 AM
Thanks, @Lauri_P
If so, I have another question.
How to buy reserves in both Polygon and BSC?
If so, I have another question.
How to buy reserves in both Polygon and BSC?
May 27, 2021, 5:03 AM
Probably some decentralized exchange
May 27, 2021, 5:48 AM
You can't mint usdc... What you can do is stock up enough usdc in both chains and act as a middleman. Get 100 usdc from matic, send 100 usdc to bsc. Just like a centralized exchange🙃
May 27, 2021, 7:42 AM