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For example, after bridging BEO to native LEO on Arbitrum, you can verify the arrival of approximately 969.975 LEO tokens (amount varies depending on fees and slippage).
Why Use Multiple Forms of LEO?
Having multiple representations of LEO across different chains allows for:
Participation in various decentralized exchanges (DEXs).
Increased liquidity options across ecosystems.
The ability to benefit from the deflationary mechanics of the bridge fees.
Flexibility in managing and utilizing LEO tokens within different DeFi platforms.
The Role of Bridges in the LEO Ecosystem
Bridges like Leoex enable the seamless transfer of tokens while maintaining security and efficiency. They operate based on protocols that:
- Charge a small fee (which is burned to reduce supply).