Technology and Process
Last updated
Last updated
Dextra Bridge creates token derivatives, such as xDEXTR, for use on other blockchains. These derivatives are equivalent to the original DEXTR tokens and can be converted back to the original tokens by returning to the Ethereum network.
When a user wants to transfer DEXTR tokens to another blockchain, they deposit their tokens into a special Dextra Bridge smart contract on Ethereum. An equivalent amount of xDEXTR tokens is then created on the target network.
To convert xDEXTR back to DEXTR, users must return the tokens to Dextra Bridge on the target network, after which the equivalent amount of DEXTR will be unlocked on Ethereum.