We are excited to bring BNB to Aurora with the assistance of our friends from Polaris Finance — the very first algorithmic stablecoin ecosystem on Aurora and NEAR Protocol.
This partnership allows us to expand the availability of BNB Chain assets on Aurora, with BNB now joining BUSD that we bridged back in January.
Our partners from Polaris will launch BNB in a pool with their algorithmic coin BINARIS, creating a 1:1 peg and setting up an incentivized farm on their platform.
In addition, we are happy to share that SOL will return to Aurora in August, as we plan to launch the new pool in collaboration with Polaris.
We advise you to check their documentation to learn more about how Polaris functions.
abBNB transfers will be live this Friday on Allbridge, while the BNB-BINARIS pool will launch on Saturday.
About Polaris Finance
Polaris Finance is an ecosystem with multiple algorithmic stable tokens. They have $POLAR pegged 1:1 to $NEAR, $ETHERNAL pegged 1:1 to $ETH, $ORBITAL pegged 1:1 to $BTC and $TRIPOLAR pegged to 1:1 to $xTRI on Aurora blockchain. They are all controlled by one Governance token $SPOLAR.
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless by providing a tool to freely move assets between various blockchains.