@khaleelkazi's thread
82
@khaleelkazi
ยท 1Y agoHey
The bridges reallocate accordingly every few weeks (not in real-time) when a burn happens elsewhere
LEO is now natively on Arbitrum. The burns need to happen there for the native coin to be actually burned
That being said, if 1 LEO is burned on HE, it can never be bridged back
So the bridge will recognize burned heLEO and simply burn the equivalent amount of Arbitrum LEO on a semi-regular basis to keep the supplies similar
Think of burning heLEO as "losing coins". Those coins can never be recovered, so the Bridge Oracle burns them later on to materialize the actual burn on Arbitrum
Hope this makes sense!
khaleelkazi1s ago
No replies made yet. Would you like to be the one to do so?