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Summary of Relay Token
- RELAY is a multi-cross-chain platform for Bridging as a Service (BaaS) in DeFi.
- Currently supports bridging to 5 ecosystems: Ethereum, BSC, Avalanche, Polygon (Matic), and Heco.
- Introduced the bridge gas token faucet, airdropping native gas tokens to new users.
- Goal: to have the best and safest bridge.
- Token holders receive native gas tokens for providing liquidity, eliminating sell pressure on RELAY.
- RELAY is deflationary through buybacks and burns using gas token profits.
Introducing Relay Token: Empowering the Future of Decentralized Finance
RELAY is a pioneering multi-cross-chain platform designed to introduce Bridging as a Service (BaaS) to the often fragmented DeFi liquidity landscape. The distinctive feature of our bridge lies in its ability to seamlessly connect newly created ecosystems to all other supported ecosystems, fostering a unified experience. At launch, we proudly support bridging to Ethereum, BSC, Avalanche, Polygon (Matic), and Heco, with an expanding roster of supported chains on the horizon. Notably, Relay’s bridges pioneered the innovative concept of a bridge gas token faucet in DeFi, where the bridge itself airdrops native gas tokens to new users, thereby mitigating friction for those venturing into new chains.
At Relay Chain, our mission is straightforward: to create the most secure and efficient bridge. We aim to deliver value to our token holders by rewarding them with native gas tokens for providing liquidity, rather than our native project token (RELAY). By doing so, we eliminate any potential sell pressure on Relay, enabling us to offer the highest APYs to our liquidity providers. This approach allows us to create a token that inherently holds value, with a deflationary mechanism in place, achieved through buybacks and burns, funded by a portion of the gas token profits generated from bridge transactional volume. This, in turn, fosters a positive feedback loop, cultivating a truly synergistic ecosystem within Relay Chain, where all partners provide tangible utility to the end users of our platform.