ð ïļInscription Bridge
To increase the use cases and functionalities of inscription, Inscription Bridge is used to establish a seamless transition between inscription tokens and ERC-20 tokens.
Wrapping inscription tokens to ERC-20 tokens is a rather simple operation with DerpDEX. Users can utilise the bridge to convert (wrap or unwrap) between inscriptions and ERC-20 tokens, which are able to support strongly in the Ethereum ecosystem, across all chains, without any limitations associated with using distinct blockchain ecosystems.
Inscriptions to ERC-20 tokens (Wrap)
Users can view their current inscription token balance after connecting their wallet.
Users have to use DerpDEX Inscription Bridge to send inscription tokens to the specified wallet address.
Users can view the tokens in the order book as available for minting after block confirmation. Users must manually mint the transferred tokens since they have minting authority.
ERC-20 tokens to Inscriptions (Unwrap)
Users can view their current balance of ERC-20 tokens after connecting their wallet.
In order to retrieve the inscription, users will need to burn the corresponding number of ERC-20 tokens. (The protocol owners are billed a fee for returning the inscription to users.)
Users can observe that the tokens are already gone after the block confirmation, and the inscription will take up to five minutes to show up. In order to verify the inscription balance once more, users can go back to the Wrap area.
* We can help inscription/project owners to whitelist inscriptions/token on our bridge to have further collaboration and partnership. Feel free to get in touch at hello@derpdex.com.
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