Bandot’s asset cross-chain gateway officially released Guru

Bandot
3 min readDec 20, 2020

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Our upcoming Guru is a cross-chain asset gateway on Ethereum. It is an important infrastructure launched to open up the cross-chain of assets between Ethereum assets and Polkadot DeFi. It is also the first step in the cross-chain layout of Bandot assets. .

We are happy to announce that Guru, the Ethereum cross-chain gateway, will be launched next week. This is the asset cross-chain bridge gateway launched by the Bandot team. It is a bridge connecting the multi-currency asset market and the Polkadot DeFi market. Through this bridge, you can Let users with different assets more conveniently and seamlessly participate in the upcoming Polkadot DeFi market.

DeFi has always been developed on Ethereum, and the rewards are generous, but it also has many limitations, including the usual problems such as impermanence loss and high gas. The new generation of cross-chain ecological Polkadot ecological DeFi projects, such as Bandot, will further solve these problems on this basis and provide users with a better experience. For the users of Ethereum, how to join the Polkadot ecosystem as convenient as possible is the core issue for us to obtain traffic.

Guru is an asset cross-chain bridge developed on Ethereum. It helps users with Ethereum-like assets to smoothly connect to Bandot’s Polkadot DeFi platform, and use related things such as unsecured lending and low-volatility loss liquidity mining, Swap with other Polkadot ecological tokens to obtain income and other functions, instead of having to exchange multiple exchanges from other platforms. Guru will deploy the contract on the relevant Ethereum chain, and map the asset directly on the Bandot network in the future. This is Bandot’s larger asset cross-ecological territory following the cross-chain of assets within the Polkadot ecosystem.

The launch of Guru means that Bandot’s entire economic ecology is more enriched. Guru will play an important role as the Polkadot ecological cross-chain asset gateway, and will support more cooperation between ecological projects in the future.

How can users participate in Bandot’s ecosystem in the near future?

Then Guru is a good opportunity. This time we provided 10 million tokens as a staking incentive for users. This is also a good opportunity to participate in our Bandot ecological activities in advance. The most important thing is that the rate of return is still higher than you think.

The focus of Guru’s future is to realize asset cross-chain gateways. Guru’s underlying design will allow cross-chain bridging of the value of different blockchains. A bridge contract Bridge will be deployed on each chain bridged. At the same time, Guru supports locking and unlocking related assets. The gateway in the Guru network will have a set of decentralized verification nodes to operate. The verification nodes continue to monitor events in the bridge contract, complete the signature of the user’s valid request, and reach a consensus on the event, thereby completing the cross-chain of user assets.

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