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DeFi Kingdoms Announces $ETH Bridging Functionality

Posted August 3, 2022 5:46 pm
2 min
By Jethro Sandico

Play-to-Earn game DeFi Kingdoms announced on August 3, 2022, the upcoming launch of the $ETH bridge functionality. Through its partnership with cross-chain layer Synapse Protocol, the game’s DFK Chain subnet now supports Ethereum blockchain’s native token Ether.

“Good news from @SynapseProtocol! The ETH bridge functionality will be going live shortly, and can be accessed through the Avalanche C-Chain outpost, or gamified bridge at the DFK Docks zone,” the team posted on Twitter.

A few $ETH pairs will also be added along with a $JEWEL-USDC combination, to allow a more accurate $JEWEL pricing. Moreover, Synapse also updated the estimated gwei for bridging tokens on Harmony from 45 to 115, to match in-game assessments and ensure the smooth processing of transactions.

Emission Allocations

24 hours after the official announcement on August 3, the following emission allocations will take effect:

New Pools

  • CRYSTAL-ETH 15%
  • JEWEL-USDC 4%
  • ETH-USDC 1%

Existing Pools Rebalance

  • CRYSTAL-USDC 15% (No Change)
  • CRYSTAL- AVAX 20% (Up 5%)
  • CRYSTAL-JEWEL 10% (No Change)
  • xJEWEL-JEWEL 35% (Down 25%)

Ethereum

Conceived by programmer/writer Vitalik Buterin in 2013, Ethereum is one of the most widely-used platforms in the blockchain industry, coming in second to Bitcoin in terms of market capitalization.

Synapse Protocol

One of DeFi Kingdoms’ main partners, Synapse Protocol is a cross-chain layer and protocol that powers easy-flowing interoperability between different blockchains. 

“The vision for Synapse was born out of the clear realization that new blockchains were integral to onboarding millions of users into crypto as well as a need for seamless interoperability between them,” the company stated on its whitepaper.

About DeFi Kingdoms

DeFi Kingdoms is a pixel art-style game with plans to become a fully-fledged Massively Multiplayer Online Role-Playing Game (MMORPG) in the near future. The game also features Decentralized Exchanges (DEXs), Liquidity Pools, and a Non-Fungible Token (NFT) Marketplace.

Built on the Harmony ecosystem, DeFi Kingdoms expanded to Crystalvale on the Avalanche Network. On July 11, Synapse Protocol announced the bridging of 20,000 Heroes to the DFK Chain subnet.

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