Atomic swaps provide a extra decentralized and trustless methodology for cross-chain value change. This process usually involves a custodian (which could possibly be a centralized entity, a wise contract, or a DAO) that holds the unique asset in reserve. When you need to bridge back, the https://spinsy-canada.ca wrapped token is burned, and the native stablecoin is unlocked.
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A subsequent mint course of is initiated on the destination L2 and funds are sent to the consumer. The settlement course of includes transferring DAI from the L1 Bridge to the TeleportJoin mechanism to resolve any accumulated debt. A subsequent mint process is initiated on the L1 as customers query the Oracle Community for an attestation and supply it to the Oracle Fast Withdrawal contract.
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