Quote from: .pacman. on March 09, 2021, 05:17:56 AM

Quote from: notsofast on February 28, 2021, 10:16:04 PM

It's not my favourite thing given that Binance Smart Chain is so centralized, but some of the folks over at MonetaryUnit have created wrapping.services which allows for UTXO-based coins to be wrapped into tokens usable on that EVM blockchain. The result allows those UTXO coins to be used for things like yield farming and the like. Might be worth looking into for SmartCoin, especially if there are Cryptsy-recovered dev funds to allocate.

Not that I think this is a major technological innovation, but it gets SMC out there with some potential to be used as collateral in DeFi applications. Just a thought.

Is there a redemption service?

Yeah, you can unwrap after you wrap and redeem the coins back onto their own chain.