TokenBridge
The TokenBridge serves as a method of transferring MakerDAO stable tokens between the Ethereum network to xDai chain in a quick and cost-efficient manner.
https://dai-bridge.poa.network/?utm_source=StateOfTheDApps
What Is xDai Chain?
xDai Chain is an Ethereum-based blockchain that uses USD-stable xDai (a representation of DAI token) as the native coin of the network. xDai Chain is a fast and cost-efficient blockchain solution that leverages the Proof of Autonomy consensus model.
https://poa.network/xdai
If you do not have a wallet you have to create one, I have created a MetaMask wallet and here I am sharing you how you can create one you can simply follow the steps and you will see how to have your own Metamask wallet. You choose the link for your own browser. I am using Chrome so here I shared the link of Google Chrome with you.
https://forum.poa.network/t/wallet-metamask-extension/1819
Installation & Configuration
Install the plugin for your preferred browser.
Google Chrome
2 Compatible with Google Chrome v59.0.3071.115 or later.
Firefox
1 Compatible with Mozilla Firefox v42.0 or later.
Click on the MetaMask App Icon in your browser to open the Application.
Google chrome - https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn
Setup your MetaMask account.
Note: if you already have MetaMask setup, skip to step #4.
a . The first time you open the program, a pop-up window will appear. Click the orange Accept button to continue.
b. Read and accept the Terms of Use .
c . Create a new account with a secure password.
Note: If you have already a MetaMask account you can import it by clicking on Import Existing Den , enter your secret twelve-word phrase, and create a new password.
d. Save the twelve-word backup phrase somewhere safe.
You now have a brand new Ethereum wallet created for you called Account 1 !
source - https://forum.poa.network/t/wallet-metamask-extension/1819
Once you make the configuration you are ready to use TokenBridge as the bridge to control your funds to XDaiChain, I tried to explain what this dapp is and what is the purpose of it.
Here are some interesting statistics about tokenbridge and how many configurations there are for a token to be transferred to the chain.
Comments
I know there are many teams and developers doing a great job with different dapps in the blockchain. I dont even know that there are many apps like this in the Finance category, But I am thankful to state of the dapps that gave me a chance to explore about Finance dapps and metamask wallet. For me personally this does not have a meaning and I am not interested in this but at least I know how it works and that it is useful by side of many people that like xdai chain and are interested in Ethereum network.