D’CENT Wallet teams up with Ozys, making cross-chain transfers easy and safe via Orbit Bridge.

D’CENT Wallet teams up with Ozys, making cross-chain transfers easy and safe via Orbit Bridge.

We are excited to announce D’CENT Wallet is now integrated with Orbit Bridge, an interchain communication protocol that allows communication between heterogeneous blockchains.

 

Orbit Bridge IBC was built using a Multi-signature BFT consensus to establish a decentralized, trustless consensus process. With Orbit Bridge, users can make cross-chain transfers of various assets on one blockchain network to another network.

 

Orbit Bridge service allows token conversion between 15 blockchain networks and supports 58 tokens. Orbit Bridge can be accessed directly from the Discovery Tab of the D’CENT Wallet.

 

What are the fees to using the Orbit Bridge?

Aside from the fees (gas) received from the blockchain, taxes and bridge fees are incurred when using Orbit Bridge. Taxes occur on Ethereum and BNB chains (Layer 1), and Bridge Fee is required on Ethereum, BNB, Ripple, and Klaytn chains (Layer 1).

 

Total Fee = Tax + Bridge Fee

 

*Tax = Globally, the tax is calculated as 0.1% of the bridged tokens. However, the Tax charged for each blockchain is different. Please check this link for more details.

 

*Bridge Fee = The Bridge Fee charged for each blockchain is different. Please check this link for more details.

 

How to use Orbit Bridge

 

For a detailed instruction guide, please refer to this link.

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