KILT announces Polar Path, a Polkadot pallet that allows the bi-directional conversion of native parachain tokens to Ethereum compatible ERC-20 tokens.
This solves the token compatibility challenge of bridging parachain native tokens over Snowbridge to Ethereum.
For their own token, KILT has built a unique token locking mechanism that ensures that the total supply of KILT tokens remains constant.
An equal number of locked KILT ERC-20 tokens has been minted on Ethereum. When bridged, the Polkadot assets become locked, while the ERC-20 tokens becomes unlocked, and vice-versa.