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Texture Launches Ethereum Tezos Bridge

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Tezsure launched its Plenty bridge establishing a link between Ethereum and Tezos. Texture is the developer behind Plenty, a DeFi platform that allows Ethereum and Tezos to process transactions between both networks. 

The Plenty bridge will allow Tezsure users to transfer USDC, DAI, USDT, and BUSD between their Tezos and Ethereum networks. wETH, LINK, and MATIC will also be available for transfer on these networks. 

Raising efficiency, the Tezsure bridge will be able to handle transfers in only 5 minutes. 

Plenty is a decentralized protocol that relies on Signers Quorum, a contingency of Tezos users, to interact with both networks to bridge their transactions based on user activity. They ensure the stability of the bridge. 

Members will receive “bridge rewards” or bridge tokens that are representations of ERC20 tokens on the Tezos chain. The tokens may be used on Tezos with their values linked to the original tokens. 

Bernd Oostrum and Malviya, Tezsure co-founders, also announced their plans to launch bridges across several other networks including Avalanche, Polygon, and Binance Smart Chain. 

“The Ethereum bridge and the upcoming bridges from chains like Polygon, Avalanche, and BSC are key for the growth of the entire Tezos ecosystem. More bridges enable users from other chains to easily migrate their assets and try out all the innovation happening on Tezos.”

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