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2 Hop Protocol The Hop protocol provides a scalable rollup-to-rollup General Token Bridge using a two-pronged approach: 1. Create a cross-network bridge token that can be quickly and economically moved from rollup to rollup or claimed on layer-1 for its underlying asset. 2. Use Automated Market Makers to swap between each bridge token and
Mar 10, 2023 · The HOP token is the native token of the Hop protocol and its ecosystem. It is the governance token of the HopDAO and is used to vote on improvement proposals. The Hop protocol hopes to get rid of the issues encountered by cryptocurrency enthusiasts while bridging between Ethereum scaling solutions.
What is Hop Protocol? Hop is a scalable rollup-to-rollup general token bridge. It allows users to send tokens from one rollup or sidechain to another almost immediately without having to wait for the networks challenge period. It works by involving market makers (referred to as Bonder) who front the liquidity at the destination chain in ...
Hop has been built with maximal security in mind. There are no single point of failures or trusted off-chain actors. Instead the security is 100% rooted on-chain. Hop compresses origin messages (i.e transfers) into Bundles and uses the native message bridges to transfer these Bundles between chains. This system is refered to as using a "Hub-and ...
Jul 12, 2021 · 1. Send tokens across Ethereum scaling solutions. We’re proud to announce that Hop is now live on Polygon, xDai, and the Ethereum Mainnet! 👉 https://hop.exchange/ 👈.
Mar 22, 2021 · The Hop protocol provides a scalable token bridge for Ethereum’s layer-2 ecosystem using a two-pronged approach: Create a special intermediary asset called an hToken (e.g., hETH, hDAI, etc ...
