What is the Leobridge?
The application called Leobridge is a user friendly software construct that allows users to move cryptocurrency from one Blockchains ecosystem to another, and transform it into a usable form on arrival.
What does that mean in non-technical English?
It means your Ethereum tokens can be transported to either Binance blockchain or polygon blockchain, and be exchanged for a Polygon or Binance token, each of which represents the value of one of your tokens on the previous blockchain.
Example:
Leo token is a Hive token.
WLEO is an Ethereum token and 1 WLEO represents the value of 1 Hive Leo token on the Ethereum blockchains.
BLEO is a Binance token, and 1 BLEO represents the value of 1 Hive Leo on the Binance blockchains.
Why is this important?
The transportation and transformation of your assets represented as Ethereum assets on the Ethereum Bloch chain to the Binance Smart Chain as a Binance token is a complicated process involving several steps and several wallet addresses. An error during the process can cause irreversible loss of the assets.
Example:
Wrapped Bitcoin on Uniswap.
First you sent it from your wallet to Bitgo or another wrapper or tokenized, who exchanged your regular Bitcoin for wrapped Bitcoin on Ethereum, so you could provide liquidity to Bitcoin Ethereum pair on Uniswap. Your Bitcoin from your address sent to Bitcoin wrapper address, then your wrapped Bitcoin sent to your Metamask wallet, Ethereum instance. Then connect your Metamask wallet and deposit Wrapped Bitcoin. If you want to take the wrapped Bitcoin off uniswap on Ethereum. You must unwrap or exchange wrapped Bitcoin by sending it to unwrapped addess, then they send it to your wallet, then you send it to Binance exchange, who wraps or exchanges it for Binance Bitcoin and send it back to your wallet address, but this time your wallet address with a Binance instance, so your Binance Bitcoin shows up on your Metamask wallet, but on the Binance instance. Now you can connect to PanCakeSwap or Cubfinance and use your wrapped Bitcoin or otherwise known as Binance Bitcoin. And if you ever want your regular Bitcoin back you send it back to Binance exchange to unwrap it, which is to exchange Binance Bitcoin for regular Bitcoin which ends up in your Binance Bitcoin wallet.
Once again for clarity
Blockchains tokens are blockchains specific, you use Ethereum tokens on Ethereum and Binance tokens on Binance Smart Chain. The same rules apply for the DeFi projects there. When we wanted to trade Leo, a Hive blockchains token on Uniswap, a cryptocurrency exchange on the Ethereum blockchains, we couldn’t just send our Leo, a Hive blockchains token there, first we had to swap our Leo for WLEO. WLEO is an Ethereum blockchains token, which represents the value of 1 Leo on the Ethereum blockchain. Then we have to send this WLEO to to the project Uniswap which is on the Ethereum blockchains. Most importantly we have to retain custody or control over this WLEO by sending it to our personal wallet, using our wallet address.
It’s complicated, and at this point that’s an understatement.
The process is complicated, and if you mistake you lose your crypto. Your money just vanishes like you flushed it into space while your space ship was hurtling through the solar system from Mars to Jupiter. Now you can see how complex the problem is, how important the solution is, and that solution is Leobridge. The Leobridge reduce this complex multi-step process into a easy one step process. This eliminates the technical complexities and reduces the risk of losing your money. The best thing about it is you don’t have to know anything except where your money is and where you want it to go. It’s that simple, and that simplicity is beautiful.
This is the Leobridge Use Case, it’s solution to the problem of cross blockchains decentralized finance cross blockchains trading and DeFi.
How does Leobridge work?
Leobridge connects the Ethereum ecosystem with the Binance Smart Chain ecosystem, and soon will connect those two to the Polygon system. This is done by creating three versions of the Leofinance Token, called WLEO on Ethereum, BLEO on Binance Smart Chain and PLEO on Polygon blockchains. You use Leobridge in this manner. On Ethereum blockchains trade all your assets to WLEO, then send the WLEO to Binance bridge, as BLEO. You do the same thing going from Binance to polygon. Trade BLEO for PLEO, and send it to Polygon and it arrives on the Polygon instance of your Metamask as PLEO.
That’s it, a easy way to get involved move assets around and not worry about it.
Last Words
In the famous American California Gold Rush many millionaires were made by mining gold. But mining gold was expensive and complicated. Many people tried to get rich, but many failed, and some lost everything and died poor. But the people who didn’t mine for gold, but instead invested their money in picks, shovels and other things the miners needed…they got rich.
Their descendants now live in the beautiful homes in the hills above San Francisco.
DeFi is the new gold rush, and Leobridge is a tool like a pick and shovel. Where do you want to live?
shortsegments
About 
@shortsegments
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance. He has been a community member for more then three years, and has earned a reputation of 75, on a scale of 0 to 80, which puts him in the top 300 of over 20,000 Hive accounts.
He is also a builder, with two current projects:
The first is the No Loss lottery, a prize linked savings account here on Hive, which awards more the 100 Leo in prizes weekly, and which recent surpassed 1000 tickets sold. 
His latest project is Easy DeFi, which creates a community investment pool allowing community members not yet confident enough to invest on their own, a chance to easily invest in yield-farming and staking on Cubfinance. 
Cubfinance is the Hive communities home grown Yield Farm and is audited by CertiK, a third party which certifies DeFi projects on Ethereum, Binance and polygon ecosystems.
Read more of shortsegments articles here: @shortsegments
Leofinance, where you can blog or share financial topic content to earn cryptocurrency, as part of a passionate social media community.
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