The Wizard on Warpcast

ciniz pfp

IF YOU OWN $HENLO ON SOL, PLEASE BRIDGE TO ETH USING THIS: https://portalbridge.com/advanced-tools/#/transfer

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The Wizard pfp

Why exactly was this token ever even created on Solana? It doesn't really make sense to me, and it seems that basically anyone who bought on Sol and then bridged off just set their money on fire? The supply of the ETH mainnet token is 31,049,777,363,021 The supply of the SOL token is 175,464,530,497 Buying X number of tokens on Solana, bridging those to ETH, receiving 1:1 the token count, just literally makes no sense? I'd love to hear any feedback here

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Jarrett pfp

Every Henlo on Solana was bridged over from ETH 1:1, why would bridging back be any different? If you bought USDC for $5 on Solana would you ask for 5 USDC on Eth when you bridged back?

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The Wizard pfp

Yes, if I have 5 USDC on SOL and bridge to ETH I should receive 5 USDC on ETH, that’s how bridging works. Which is why the supply discrepancy is the real issue, your % supply of the SOL token is significantly higher than if you bridge the same # of tokens to ETH.

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The Wizard pfp

A few other questions if you’re saying the only reason tokens exist on Solana was because people bridged them from ETH: What is the reason for a user to ever bridge to Solana in the first place? Do you see why this creates an issue for anyone who buys on Solana without being aware of the supply imbalance? (Buying X # of tokens on Solana & bridging those tokens to ETH, would have you losing most of the USD value spent for the same # of tokens)

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Jarrett pfp

No, I was saying if you purchased 1 USDC for $5 :)

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