blockchainreporter.net
Open Campus, a community-led education protocol, has launched the EDU bridge to Arbitrum. It is available for users starting today, July 24th. This is the third bridging partnership. Before this one, Open Campus had already announced the options to bridge across BNB and ETH.
$EDU is now bridged to @arbitrum!
— Open Campus (@opencampus_xyz) July 24, 2024
This simplifies bridging from Arbitrum to EDU Chain mainnet, amplifying our reach and potential holders.
We're live and making moves across BNB, ETH, and now ARB.
Nothing but đź’™ pic.twitter.com/vPf78Bx7u1
Impact of Bridging
Open Campus (EDU) is a decentralized educational platform. It aims to tackle the key challenges in education today. It connects learners, educators, content creators, and educational institutions. It enables new ways of collaboration and value creation with blockchain technology.
Beyond its role as a platform, it is a community. It helps with meaningful interactions and exchanges. The EDU token is the governance token for the Open Campus DAO. It is also the native gas token of the EDU Chain.
Users can now move their assets between the mainnet of EDU Chain and Arbitrum. This expands the network’s scope and the number of potential holders. Transferring tokens lets users access a pool on the Arbitrum network. This can allow them to have liquidity which reduces price volatility.
The Open Campus is limited in terms of services. However, Ethereum, BNB, and Arbitrum have far better access to DeFi apps and services. These include lending, staking, and trading protocols. That’s why bridging is beneficial.