Tezsure Launches a Decentralized Bridge Between Ethereum and Tezos
Tezsure, a web3 studio building NFT and DeFi products on Tezos which is also the developer team behind Plenty, an all-in-one DeFi built on Tezos, has announced it has successfully launched the Plenty bridge, a decentralized bridge between Ethereum and Tezos.
According to the project developers, this bridge will allow users to transfer their tokens USDC, DAI, USDT, BUSD, WBTC, WETH, LINK, and/or MATIC to the Tezos blockchain and vice versa in a decentralized way, reducing transfer times from almost 1 hour to barely 5 minutes.
The project has reported that it plans to add bridges from Avalanche, Polygon, and Binance Smart Chain soon.
Thanks to the bridge, users can receive tokens in a format that are actually representations of ERC-20 tokens on the Tezos blockchain.
Tezsure co-founders Bernd Oostrum and Om Malviya have said:
“The Ethereum bridge and the upcoming bridges from chains like Polygon, Avalanche, & BSC are key for the growth of the entire Tezos ecosystem. More bridges enable users from other chains to easily migrate their assets and try out all the innovation happening on Tezos.”