New Liquidity Growth and Bridge-In Incentive for PAW Chain Users

16 Oct 2024
2 min read

PAW Chain LP & Bridge-In Update

Trading across different blockchains is now easier on PAW Chain. With the launch of the external PAW Swap beta, swapping tokens between chains is now simpler and more accessible.

To showcase how our cross-chain system works, we initially set up liquidity pools (LP) on multiple networks. Now, with the external swap platform available, users can access these liquidity pools from any blockchain, making it easier to trade tokens across different networks.

The next step is to move more liquidity pools directly to PAW Chain. This focus will help strengthen our network by consolidating liquidity, which will also improve transaction efficiency for users. Despite this change, around half of the liquidity will remain on Ethereum to maintain stable market conditions on both platforms.

Bridge-In Event - Get Your 0.5% Bridge Fee Refunded

To encourage cross-chain activity, we're offering a bridge-in event. If you bridge USDC or PAW assets into PAW Chain, you can get your 0.5% bridge fee refunded. The refund will be paid in PAW value, since the fee is auto-swapped to PAW on the backend. Simply open a ticket in our Discord with the bridge transaction hash, and our deployer will manually refund the 0.5% bridge fee within the next week.

Please note, this refund only covers the bridge fee - it does not include Ethereum gas fees or any validator processing fees.

The event is running until Sunday the 20th, 12 PM UTC. Please note that any bridge-in fees after this will not be refunded.

More updates are on the way.