Skip to content
Permalink
Branch: master
Find file Copy path
Find file Copy path
Fetching contributors…
Cannot retrieve contributors at this time
30 lines (19 sloc) 1.9 KB
description
Dai is converted to xDai through the TokenBridge

Converting xDai via Bridge

What is the Bridge

The TokenBridge is used to move and convert assets between chains. With the xDai chain, the bridge converts Dai into xDai. Once converted, xDai is used as a native token (for transactions as well as transaction fees) on a chain where block times are fast and transactions are stable and extremely inexpensive. When a user is finished using xDai, they can convert it back to Dai using the same bridge.

The bridge uses smart contracts on both chains to process transfers, and a group of validators confirm bridge transactions. When a bridge transfer is initiated, the specified amount of Dai is locked in a smart contract on the Ethereum mainnet, and the same amount of xDai is minted on the xDai chain and sent to the user's wallet on the xDai chain. When xDai is transferred back, xDai is burned, and the corresponding amount of Dai is unlocked in the contract and released to the user's wallet on the Ethereum mainnet.

The bridge mechanism ensures that the amount of xDai can never exceed the amount of Dai locked in the bridge contract.

Dai/xDai Bridge Limits

Type Dai to xDai Bridge xDai to Dai Bridge
Daily Transfer Limit 100,000 Dai 100,000 xDai
Max Single Deposit 100,000 Dai 100,000 xDai
Minimum Transfer 0.005 Dai 0.005 xDai
Transaction Fees variable, paid in Eth paid in xDai
Transfer Fees 0% 0%

User Interface

A simple UI allows for seamless transfers between chains. Instructions for moving Dai to xDai and moving xDai to Dai are available. The bridge can also be used without a UI, instructions are available here.

You can’t perform that action at this time.