Review on Octus Bridge by LUIS RIVERO R
The bridge between the main chain of TON and Ethereum. (decentralized and with governance)
Created to be the decentralized connection point with other chains and TON, for now only the exchange between ether and Ton is available, you can make cross changes from the chains whenever you require it.
Now if you are planning to use this network for this bridge it is the best connection with other chains, at the moment only with ether. It is an integral part of Free TON.
An interesting aspect of this bridge is that it has a decentralized governance mechanism backed by the token bridge and of course the holders. The DAO for this project is based on decision-making by BRIDGE holders.
Anyone can become a validator on the bridge and provide liquidity, and earn rewards in Bridge tokens that are distributed among participants.
In general, what this bridge seeks to demonstrate is that it can also be managed by decentralized entities and not as often happens in other chains, which is generally managed centrally by some of the funds. Finally Free TON came to demonstrate that decentralization is possible in decentralized finance.
- All transactions are carried out quickly.
- It is possible to earn rewards for securing the DAO.
- Easy to use, this for people who want to move liquidity
- It is a new level of decentralization in finance.
- Transactions using the Ethereum network have high fees. Few tokens supported
- It still has a small active community
