The dReservoir is a decentralized protocol enabling the secure teleportation of value between blockchains, starting with d2o. Through the dReservoir, digital assets are burnt on one blockchain network and re-minted on another, creating a means of piping liquidity from one place to another.
Starting with Ethereum and Polkadot, users will be able to mint d2o on Ethereum, which can then be teleported to Polkadot in a matter of minutes.
We like the verb “teleport” because that’s literally what happens — d2O is burnt on one blockchain network and re-minted on another. And in case you were wondering, teleportation is just a means of piping liquidity from one place to another.
On Polkadot, users will receive a native d2o, which can be used within the Polkadot ecosystem or piped back to Ethereum where it can be redeemed for the pledged collateral.
Furthermore, no wrapped tokens are required and so no large pools of liquidity sit within the bridge contracts themselves. And finally, in the background, the dGuardian monitors all teleportation activity to ensure no illicit mints take place.