🚁Overview
Powered by Chainlink CCIP
Chainlink CCIP is the most secure bridging technology so far; with extra safety mechanisms that go further than other cross-chain tech, such as customizable rate limits on transfers and a separate Risk Management Network that monitors validity of transactions.
Core pillars of our product
- Secure
Singularity is directly built upon CCIP. This powers the bridge transactions on our website, and these bridge transactions can be tracked on the CCIP explorer (https://ccip.chain.link/).
- Cost efficient
Our contract optimizes the payments for the CCIP service. We hold LINK and pay every transaction in LINK tokens and thus get a discount on fees, so we ensure you get the best fee for every transaction independent whether you own LINK or not. On top of that, we charge a small fee for using our front-end. We are very transparant with fees and everything is broken down in the UX.
Features Coming Soon
Gas Refuels
Cross-Chain swaps (we have decided to not support these at the moment), because bridging ETH for instance would require ETH -> USDC on source chain, then send to CCIP Router, and then swap USDC->ETH on destination chain. The total fees/slippage for this transaction will not make it attractive compared to other bridges. When ETH is supported on CCIP, we will reconsider this.
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