{"id":297480,"date":"2021-07-13T07:03:23","date_gmt":"2021-07-13T04:03:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hop-protocol-launches-usdc-bridge-between-ethereum-polygon-and-xdai\/"},"modified":"2021-07-13T07:03:23","modified_gmt":"2021-07-13T04:03:23","slug":"hop-protocol-launches-usdc-bridge-between-ethereum-polygon-and-xdai","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hop-protocol-launches-usdc-bridge-between-ethereum-polygon-and-xdai\/","title":{"rendered":"# Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai"},"content":{"rendered":"<p>&#8220;<strong># Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMmEwMTA2OTEtOGNlYi00YzdmLThlMDMtZjc1ZDE2OGRkNjcwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Hop Protocol, a team working on interoperability within Ethereum\u2019s layer-two ecosystem, has launched its Hop bridge for the first time.\u00a0<\/p>\n<p>A July 12 blog post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/hop-protocol\/hop-is-live-2dbd4721b1bc\">notes<\/a> the bridge has been launched with limited functionality, currently supporting \u201cinstant\u201d USD Coin (USDC) transfers between the Ethereum mainnet, Polygon, and xDai Chain.<\/p>\n<p>Hop plans to expand the number and assets it supports over \u201cthe next couple of weeks,\u201d including crypto assets Ether, Matic, and Wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed Bitcoin, stablecoins Dai and Tether, and forthcoming layer-two networks Optimism and Arbitrum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re proud to officially launch the Hop bridge starting with instant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a> transfers between <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\">@ethereum<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/xdaichain?ref_src=twsrc%5Etfw\">@xdaichain<\/a>.<\/p>\n<p>\u27a1 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/z8K0uAa2xg\">https:\/\/t.co\/z8K0uAa2xg<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PVtCuG5nDb\">pic.twitter.com\/PVtCuG5nDb<\/a><\/p>\n<p>\u2014 HopProtocol (@HopProtocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HopProtocol\/status\/1414624873775878148?ref_src=twsrc%5Etfw\">July 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The bridge locks up tokens that a user wishes to transfer between networks, issuing its own \u201chTokens\u201d that can be quickly and cheaply transferred between layer-twos. The hTokens are destroyed on redemption.\u00a0<\/p>\n<p>Hop will also launch a StableSwap automated market maker on each supported network to facilitate exchange between hTokens and their underlying assets, with Hop offering liquidity providers a 0.04% cut of all fees earned on transactions.<\/p>\n<p>The StableSwap deployment on Polygon will also offer a liquidity mining program for USDC liquidity providers with more than $180,000 worth of MATIC slated for distribution.<\/p>\n<p>While layer-two networks have emerged as the dominant scaling solution for Ethereum, the ecosystem has lacked the infrastructure facilitating the fast movement of assets between respective layer-twos.<\/p>\n<p><strong><em>Related: <\/em><\/strong><em>EY publishes an Ethereum scaling solution to the public domain<\/em><\/p>\n<p>In March, Ethereum co-founder Vitalik Buterin revealed that sharding had been pushed behind the chain merge in the Eth2 roadmap amid the success of layer-twos, predicting that rollups will scale Ethereum by a factor of 100.<\/p>\n<p>However, while Buterin had then predicted rollups would be launched within a few weeks, the Ethereum ecosystem still has not seen major rollups solutions launch to mainnet, with Optimism currently targeting <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.synthetix.io\/optimism-launch-announcement\/\">July 26<\/a> for launch and Arbitrum yet to open up its guarded launch. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hop-protocol-launches-usdc-transfers-between-ethereum-polygon-and-xdai\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai &#8221; Hop Protocol, a team working on interoperability within Ethereum\u2019s layer-two ecosystem, has launched its Hop bridge for the first time.\u00a0 A July 12 blog post notes the bridge has been launched with limited functionality, currently supporting \u201cinstant\u201d USD Coin (USDC) transfers between the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":297481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMmEwMTA2OTEtOGNlYi00YzdmLThlMDMtZjc1ZDE2OGRkNjcwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74891,95119,82350,4965],"class_list":["post-297480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ethereum","tag-layer2","tag-usd-coin","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/297480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=297480"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/297480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/297481"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=297480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=297480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=297480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}