By enabling a token to be able to move seamlessly across Dapps built on different blockchains through cross-chain swaps, developers won’t have to limit themselves to just a single blockchain when creating their Dapps.
In the freshly announced demo, Rate3 focused on facilitating a cross chain swap between Ethereum and Stellar, two of the most relevant smart contract platforms.
On the testnet located at swap.rate3.network – users can demo direct swaps which involve talking to a trusted issuer directly — in this case below, it’s Rate3 — to help with moving SGDR (a Singapore dollar-backed stablecoin) between Ethereum and Stellar.
The team said, “this interaction will serve as a foundation to build upon for other instances of cross-chain swaps that are to be done by Rate3 — including an upcoming IOST iStablecoin initiative.”
Proceed past the registration, and then enter the user interface. Enter the amount which you wish to transfer.
Steps
The demo is located at swap.rate3.network and can be accessed now.
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