Universal Name Service
  • 🧰introduction
    • Executive Summary
    • Background
      • Competitive Landscape
    • Introduction
  • 🛞How It Works
    • Multi-Chain Registration
    • Seamless Transfers
    • Integrated Token Swap
    • Automatic Bridging
    • Contract Registration
  • ⚙️Technical Architecture
    • Smart Contract Architecture
      • A. ERC-721-Based Name Ownership
      • B. Custom Smart Contracts for Non-EVM Chains
      • C. Resolver Contracts
      • D. Integration with Decentralized Identity (DID) Standards
    • Name Resolution and Identity Management
      • A. Name Resolution Mechanism
      • B. Identity Management through Decentralized Ownership
      • C. Integration with Decentralized Identity Protocols
  • 💰Tokenomics
    • Tokenomics
      • Utility of $UNS
      • Token Allocation
  • 🚩Roadmap
    • Roadmap
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  1. How It Works

Automatic Bridging

  • Automated Cross-Chain Transfers:

If a recipient does not have a registered address on the sender's chosen blockchain, UNS automatically facilitates a cross-chain transfer. This involves using a bridging mechanism to move assets from the sender's chain to the recipient's preferred chain.

The bridging process locks the original asset on the sender’s chain and mints a wrapped equivalent on the recipient's chain. This ensures that the user does not have to manage multiple transactions or interact with third-party bridges.

  • Flexible Exchange Rates:

Users can choose between fixed-rate bridging, which provides predictable conversion rates, or floating-rate conversions that align with current market rates for potentially better pricing.

The choice of rate type allows users to balance cost and predictability based on their needs during cross-chain transactions.

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Last updated 4 months ago

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