Introducing the STASIS Bridge

Explaining the latest vital milestone for the EURS Network

Since its inception, STASIS served as a bridge between the cryptocurrency domain and the realm of traditional finance. We are making another leap forward by launching a special bridging functionality designed to enhance blockchain interoperability and your interaction with EURS!

The STASIS Bridge has been envisioned to transform the exchangeability of the largest euro stablecoin across a wide spectrum of blockchain environments. This tool is designed to facilitate seamless transactions of EURS across seven major blockchains. This integration aims to enhance liquidity, improve cross-chain utility, and open up new avenues for users and investors worldwide.

Bridging the Blockchain Gap

STASIS Bridge is the most capital-efficient cryptocurrency bridge, your ultimate solution for zero-liquidity cross-chain asset transfers. It operates on a centralized model, ensuring enhanced security and exclusive access for verified customers. This ensures a trusted user base and maintains the integrity of transactions across the network. This design choice bolsters security and trust, as it allows for tighter control and oversight over the transactions. Access to the bridge is exclusive to our verified customers who have satisfied the minimum usage criteria, ensuring that each participant is reliably authenticated.

STASIS benefits from a unique competitive edge in transferring tokens across different blockchains through the use of the EURS stablecoin minting process: the value of EURS is consistent across the blockchains, always mirroring the value of the fiat Euro.

Leveraging a solid six-year history, EURS stands out as the most transparently audited fiat-backed stablecoin from the outset. The backing policy is directly linked to the Central Bank, ensuring reliability and trust. The widespread acceptance of EURS within the DeFi space makes it a preferred choice for exchanging the most reliable cryptocurrency tokens.

This system provides a cost-effective and efficient pathway for token transfers across diverse networks. Effective bridge technology allows users to move assets at next to zero fees.

The benefits of the STASIS Bridge

By facilitating easy EURS transfers across multiple blockchains, the STASIS Bridge significantly enhances the liquidity of the stablecoin, making it more attractive to investors and users. The bridge enables EURS to function seamlessly across different blockchain environments, breaking down barriers between networks and fostering a more interconnected crypto ecosystem. Moreover, it optimizes the transfer process, potentially lowering transaction fees and reducing transfer times compared to traditional cross-chain mechanisms. Designed with cutting-edge security measures, the bridge ensures safe and secure transactions, maintaining user trust and integrity of the EURS token.

The STASIS team took time to develop and enhance the bridging technology, aiming to deliver an industry-first experience to our user base. As a result, our bridge offers a variety of features. Let’s check them out:

• Seamless DeFi integration without LPs

Enjoy DeFi composability with EURS on top DEXs, offering cost-efficient pathways and straightforward API integration for the STASIS Bridge and other dApps.

• Broad Chain Compatibility

You can easily extend the bridge to new blockchains with the adaptable HTLCs, available for a wide range of networks. The bridge now supports seamless transactions across six key blockchains. This capability ensures that users have the flexibility to interact with a wide range of ecosystems while using EURS. Integration with our Webapp allows users to either purchase EURS directly from us or sell it back, all within a unified platform.

• Simplified and Secure Transactions

To initiate transactions through the STASIS Bridge, users’ wallets must be registered and verified either through Wallet Connect or the Satoshi Test. This step is crucial for confirming the ownership and security of the transactions, mirroring the security checks conducted during the purchase of EURS.

• Low and Transparent Commissions

The bridge boasts low transaction fees, which are now closely aligned with the costs associated with purchasing EURS. The commission structure is influenced by the volume of transactions (referred to as “revolutions” in the system), which ensures that fees are kept reasonable and competitive. Details on these fees are clearly outlined, avoiding any hidden charges and fostering transparency.

• Efficient and Semi-Automatic Exchange Process

The exchange of tokens via the STASIS Bridge is designed to be semi-automatic, operating within predefined limits to ensure both speed and accuracy. This system strikes a balance between automation for efficiency and manual oversight for increased security, providing a streamlined user experience without compromising on safety.

• Rock-solid tech security

STASIS Bridge matches the security level of the supported blockchain, ensuring robust protection.

• Accelerated transfers

Cross-chain swap speeds are only bound by the transaction completion times on the involved blockchains, ensuring swift transfers.

How It Works

The STASIS Bridge ensures the safe and efficient transfer of EURS tokens between the blockchains. Users simply deposit EURS on the origin blockchain, and the bridge issues an equivalent amount on the target blockchain.

The bridge will simplify the process of using EURS across various platforms, leading to increased adoption of the stablecoin in everyday transactions and financial services. Furthermore, it sets a precedent for the development of similar technologies that could enhance the exchangeability and utility of other digital currencies. Its ability to connect multiple blockchains and enhance the usability of EURS could pave the way for more unified and efficient digital currency systems.

Roadmap and Future Outlook

We’ll kick-start with a proof-of-concept for a centralized and permissioned bridge. All transactions will undergo verification by STASIS. Moving forward, transactions will operate via time-limited smart contracts, marking our shift to a decentralized, permissionless framework. The bridge’s core functionality will be smoothly integrated into leading decentralized exchanges and apps, significantly broadening our supported token range.

Our bridge, with its centralized approach and robust security measures, represents a forward-thinking solution in the cryptocurrency exchange space. By supporting multiple blockchains, ensuring secure and low-cost transactions, and providing a user-friendly platform, it sets a standard for how digital currencies can be exchanged in a trusted environment. As we continue to refine and expand its capabilities, the STASIS Bridge remains a cornerstone of innovation in the blockchain community.

The success of the STASIS Bridge could encourage the development of additional cross-chain solutions for other cryptocurrencies, potentially leading to a more interconnected and fluid global digital currency system. As the crypto community continues to grow, the demand for such innovative solutions will undoubtedly increase, highlighting the importance of continued investment and research in this area.

Feeling excited yet? What are you waiting for? Start bridging now !