Released: 27 June 2023
Today’s release brings two new features for our users: Overledger bridges and token deployment with platform credits. Together, these innovations enhance interoperability and reduce the barriers to blockchain adoption.
Overledger’s bridges simplify the transfer of digital assets across multiple Ethereum Virtual Machine (EVM) based networks, while our new deployment option allows users to deploy tokens with platform credits, limiting the need for Metamask and chain-native currency as a result.
Overledger bridges
Available via our user portal, Quant Connect, our bridges can be created using the bridge flow u.i. (shown below), enabling seamless transfer of digital assets across multiple networks, expanding the possibilities of decentralised applications and increasing their reach.
What this means for you
Bridge flow deploys secure bridges for efficient transfers, allowing you to capitalise on opportunities in various blockchain ecosystems without the necessity of creating and managing a separate token on each chain. You can, for example, create tokens on Ethereum and use our bridge to distribute them on Polygon.
How you can benefit
Bridge flow provides you with the capability to create bridges between different EVM-based networks with no coding and with the latest security protocols for asset transfers. Once your bridge is deployed, you can use our APIs within your mDApp to transfer assets across networks and retrieve information about your transfers.
Currently, Overledger bridges can be created between the following supported networks:
Mainnet networks: Ethereum, Polygon, Avalanche and XDC
Testnet networks: Goerli, Mumbai, Fuji and Apothem
- Create Asset Transfer for Bridge
Sandbox
Preparation: POST https://api.sandbox.overledger.io/bridges/{bridgeId}/asset-transfers/preparation
Execution: POST https://api.sandbox.overledger.io/bridges/{bridgeId}/asset-transfers
Production
Preparation: POST https://api.overledger.io/bridges/{bridgeId}/asset-transfers/preparation
Execution: POST https://api.overledger.io/bridges/{bridgeId}/asset-transfers
API Documentation can be found here
2. Retrieve details of the asset transfer
Sandbox
POST https://api.sandbox.overledger.io/bridges/{bridgeId}/asset-transfers/{assetTransferId}
Production
POST https://api.overledger.io/bridges/{bridgeId}/asset-transfers/{assetTransferId}
API Documentation can be found here
Token deployment with platform credits
What’s new
Quant smart tokens can now also be deployed with platform credits, removing the need to hold digital currency. This new feature has been developed to mitigate the often-complex nature of managing cryptocurrencies, a traditional barrier that can prevent businesses from leveraging the potential of blockchain technology.
What this means for you
You can now deploy Base, Flex and Vari tokens on EVM-based networks using Overledger Platform credits. You will still be able to deploy your smart tokens with Metamask and using cryptocurrency if you prefer, but this new deployment option means you can pay for deployment with platform credits which are paid to Quant in fiat currency.