Add Explanations for cUSDT and USDT #73
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Visit the preview URL for this PR (updated for commit 896ec78): https://astar-docs--pr73-feat-cbridge-usdt-kaus798x.web.app (expires Thu, 15 Sep 2022 06:11:11 GMT) 🔥 via Firebase Hosting GitHub Action 🌎 |
docs/integrations/bridges/cbridge.md
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| Recently, Tether announced the launch of USDT on Kusama (a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot), which is the native USDT token on the Kusama blockchain. | ||
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| Shiden Network is a multi-chain decentralized application layer on Kusama Network. cUSDC on Shiden is a "bridged form of Ethereum USDT" that was bridged from the cBridge. <strong>Because of this, cUSDT is not the same as native USDT.</strong> Tether products do not support cUSDT. You cannot send cUSDT to a Tether deposit address. It is important to note that <strong>you cannot use cUSDT in any WASM environemnt but only in EVM environement.</strong> You can use USDT which is a native USDT token on the Kusama blockchain on both WASM and EVM enviroment. |
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Celer bridge is only active on Astar so they will not bridge USDT to Shiden. MultiChain is our partner on Shiden.
What do you mean by Tether products?
WASM projects built on Astar will be able to use the USDT registered as XC20 (which is the native USDT minted on Statemint). By register USDT as XC20 we also will have USDT (native) available as smart contract that you can find in our XCM asset list in the docs.
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I updated the sentence.
docs/integrations/bridges/cbridge.md
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| Shiden Network is a multi-chain decentralized application layer on Kusama Network. cUSDC on Shiden is a "bridged form of Ethereum USDT" that was bridged from the cBridge. <strong>Because of this, cUSDT is not the same as native USDT.</strong> Tether products do not support cUSDT. You cannot send cUSDT to a Tether deposit address. It is important to note that <strong>you cannot use cUSDT in any WASM environemnt but only in EVM environement.</strong> You can use USDT which is a native USDT token on the Kusama blockchain on both WASM and EVM enviroment. | ||
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| To off-ramp back to fiat currency with cUSDT, you would need to "unbridge" the cUSDT back to the Ethereum blockchain via the cBridge. After the "unbridging", you would ened up with native USDT on Ethereum. From this point, you could deposit the Ethereum USDT into your Tether account and off-ramp to fiat currency. |
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No need to use the term: unbridge but just use bridge.
docs/integrations/bridges/cbridge.md
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| To off-ramp back to fiat currency with cUSDT, you would need to "unbridge" the cUSDT back to the Ethereum blockchain via the cBridge. After the "unbridging", you would ened up with native USDT on Ethereum. From this point, you could deposit the Ethereum USDT into your Tether account and off-ramp to fiat currency. | ||
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| In the future, we are potentially going to have a pool of USDT and cUSDT on decentralized exchanges in our ecosystem, so that it is easier for our users to use the two different assets. |
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No need to add this now, it will bring confusion to our users.
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Please feel free to merge when you finish reviewing. @fiexer |
The addition is made in Cbridge section.