- Users have to bridge (lock) ETH tokens to get them on BNB or POL. They can also bridge tokens from BNB to POL and vise-versa.
Claiming and voting process is available on all chains.
To make a claim, 1% of the total cover size BMI fee must be submitted to the protocol on the respective chain.
Currently, the only native BMI staking pool is on Ethereum. Therefore If a claim is made on f.ex. BNB chain, in order to vote, users have to bridge their stkBMI tokens (the proof of staking in the native BMI staking pool) to the BNB chain and lock them in the BNB Voting Contract.
Bridging BMI tokens from one chain to another requires four steps:
- 1.Selecting the chains between which the tokens should be transferred, token type, and their amount.
- 2.Confirming the target wallet.
- 3.Approving the allowance and the transaction.
- 4.Redeeming the tokens.