Rubic Cross-Chain Routing

  1. The GAS fee may seem high, indeed. But we do not control it. If you decide to implement a trade via bridges and swaps, the GAS will turn out to be the same. But by using Rubic Cross-Chain Routing, you’ll save your time since it combines all of these steps into one action.
  1. Our team also wants to clarify using RBC for all trades. Users should know that it is absolutely safe and reliable. We are using our own custom token, and the entire process lies in Rubic’s ecosystem. Rubic’s swap volume is growing, and the liquidity is great. Therefore, we do not see any issues with using RBC for the Cross-Chain Routing feature, especially as the price of RBC increases in value.
  2. It’s true that, for now, we have a restriction of 50,000 RBC. We have set this limitation for security reasons. All of these restrictions will be changed in future updates to our Cross-Chain Routing feature.

Also, we want to present to our users a comparison of our Cross-Chain Routing versus other solutions on the market.

With this feature, every user has a choice: they may use either Rubic Cross-Chain Routing or other platforms’ bridges and swaps.

  1. Users have Token A on the source network, and they want to swap to Token B on the target network.
  2. Users need to identify which cross-chain bridge they want to use for the source network and target network and then identify which limited ‘Bridge Tokens’ can be cross-chain swapped on the bridge
  3. Users need to find and select a DEX on the source network that can swap Token A to this limited ‘Bridge Token’
  4. Users use this DEX to swap ‘Token A’ to the limited ‘Bridge Token’ accepted by the network bridge
  5. Users accept the DEX swap and pay a transaction tax fee, as well as a commission fee to the DEX, in the native coin of Token A’s source network — At the time of writing this, the average cost of a transaction tax fee is $60-$90 (on Ethereum), while DEX commissions are usually 0.3% of the overall swap value
  6. After completing this swap, users need to utilize the network bridge to cross-chain swap their limited ‘Bridge Token’ from the source network to the target network
  7. Users accept the cross-chain bridge swap and pay a transaction tax fee, as well as a commission fee to the cross-chain bridge, in the native coin of Token A’s source network — At the time of writing this, the average cost of a transaction tax fee is $40-$60 (on Ethereum), while cross-chain bridge commissions are usually 0.3% of the overall cross-chain swap value
  8. Users need to find and select a DEX on the target network that can swap their limited ‘Bridge Token’ to Token B
  9. Users use this DEX to swap their limited ‘Bridge Token’ to Token B
  10. Users accept the DEX swap and pay a transaction tax fee, as well as a commission fee to the DEX, in the native coin of Token B’s target network — Transaction tax fees are substantially lower on Binance Smart Chain and Polygon networks — However, DEX commissions are still usually 0.3% of the overall swap value
  11. Only after completing all of these steps, do users receive Token B on the target network.

Thank you again for all your support!

Rubic Stays Cubic!

Rubic: https://rubic.exchange/

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Rubic

Rubic

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Rubic: A 'one-click' #CrossChain Service + tools to enable it for #dApps. Trade over 15,500+ #tokens across 26 #networks, through the aggregation of 60+ #DEXs!