Hyphen

Hyphen

Instant Cross Chain Transfers.

www.biconomy.io
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Hyphen Introduction

Hyphen enables instant and cheaper token transfers across different blockchains. It especially solves the pain point of getting your funds from Layer2 to Layer1 blockchains. If you transfer your funds via Layer2 native bridges it might take you from 40 min to 7 days to get your funds on Layer1. For example, it takes around 40-50 min to get your ERC20 tokens from Polygon Network to Ethereum via their native bridge. Hyphen provides cheaper and instant transfer of funds by maintaining tokens liquidity on both sides of the chains and instantly transferring tokens on second chain after accepting tokens on first chain. It also rebalances the liquidity automatically if there's too much one sided transfers. If Alice wants to transfer tokens across chains then she'll be charged .3% fee which goes to Liquidity Providers and transfer transaction fee is also deducted from the tokens being transferred in the same currency. For example, if Alice is transferring 500 USDC from Polygon to Ethereum and the transfer transaction on Ethereum takes $10 USD gas fee, then she will get 488.5 USDC on Ethereum.

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