SubBridge Opens A Two-way HRMP Channel Between Khala and Shiden
SubBridge opens a two-way HRMP channel between Khala and Shiden. You can transfer SDN to Khala chain now. Shiden Network is a multi-chain decentralized application layer on Kusama. This collaboration marks the 11th cross-chain asset that joins the router that Phala independently developed and builds a potential connection with other parachain in Dotsama, which enriches SubBridge’s assets diversity.
This collaboration will introduce diverse primary use cases via SubBridge:
- Enable cross-parachain routing and support the transfer of Shiden’s assets to Ethereum via SubBridge.
- You can transfer $PHA to Shiden and use the token in Shiden Network’s ecosystem and the protocols build on top of the network.
- When Khala Network’s Phat Contract comes to live, developers in Shiden’s ecosystem will be able to build use cases with Phat Contract which allows sending HTTP requests from smart contracts. Developers will be able to utilize Phat Contract and XCM to build secure enclaves based price feed oracle, social data oracle, etc. for Shiden’s ecosystem.
- Transfer Shiden’s ecosystem assets to Khala Network so they can be securitized and transferred confidentially and anonymously.
SubBridge is the cross-chain router of the parachains, bridging Dotsama and Ethereum and assets in other ecosystems. SubBridge is based on the “XCM + ChainBridge cross-chain protocol” to realize cross-chain transmission of assets and information.
Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs, and more.
Shiden brings a unique #Build2Earn model to empower developers to get paid for the code they write and dApps they build. This includes Khala developers who build dApps on Shiden network. If this is you, then apply to their SpaceLabs program.