Bring your assets to Secret Network – Secret Bridge and Secret Swap

By treforest | treforest portofolio | 27 Sep 2021


Secret Network is a special blockchain belonging to Cosmos ecosystem that offers data privacy of smart contracts. Its native token is SCRT which is also used for transaction fees of Secret Network.

One of the great features of Secret Network is that people can bring their Ethereum assets or BSC assets to Secret Network via Secret Bridge. If we want to transfer BNB from BSC to Secret Network, normally we have to connect with Metamask wallet and Kelpr. Make sure that Metamask switches to Binance Smart Chain and input the arriving Secret address, which can be found on Kelpr’s Secret Network area.

Secret Bridge

When the cross-chain transfer finished, BNB token will exist in the form of sBNB. However, unlike other assets, sBNB is invisible on Kelpr unless we sign to create a viewing key.

Let’s discover a bit more about secret tokens. The following figure shows the token swap within Secret Network. Suppose that we swap sBNB for sSCRT via SecretSwap. Once the transaction finished, sSCRT tokens will not be visible on our Kelpr wallet unless we sign to create its viewing key.

swap sBNB for sSCRT7b4f2033a19b74486ef66e9d4005f57d1356341ee9074c86c1150312e73b6c1d.jpg

Similarly, if we add liquidity of certain token pairs, we need to take action to view our deposited LP tokens. As the following example, we could go to withdraw page, select the sSCRT-SEFI pool and click view balance to add token, which means creating its viewing key. Then we will be able to see pooled sSCRT-SEFI tokens.

provide liquiditywithdraw LP

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treforest
treforest

defi user, discovering more possibilities of crypto


treforest portofolio
treforest portofolio

discovering crypto and defi, my research and experience on defi

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