Getting to other chains early is key to success in #DeFi. The best yields are not on the biggest chains.
Bridging $ can be intimidating, confusing and expensive.
Here are the best methods we've found to bridge assets from
/ to any chain Thread Down pointing backhand index
$SOL $MATIC $NEAR $FTM $LUNA $ONE
1/
For some background info, EVM chains like $ETH,
$AVAX,
$FTM,
$MATIC,
$BSC,
$ONE,
$AURORA
are compatible with
. Non-EVM compatible chains include: - $LUNA
- $SOL
- $ATOM
- $DOT
- $BTC
These chains can not be used with Metamask, you need different wallets.
2/
1.
From a centralized exchange Using a centralized exchanges like
etc is often the easiest way to bridge assets.
They allow withdrawals between many chains, and you can swap tokens without
gas.
3/
2.
Bridging between EVM chains
is a great bridge for transferring to and
from: • $ETH
• $AVAX
• $ONE
• $MATIC
• $FTM
• $BSC
• $MOVR
• $AURORA
• Arbitrum • Optimism
4/
Steps for using
. 1. Go to https://synapseprotocol.com
2. Connect your MetaMask wallet 3. Select an asset, source chain and
destination chain 4. Approve and Bridge Funds will be bridged in a few minutes.
5/
3. Bridging to / from Terra $LUNA
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's bridge @ https://bridge.terra.money
works pretty well. You can bridge from $ETH,
$BSC
or $ONE.
I avoid $ETH
gas fees like the plague for most transactions. Terra bridge charges 0.1% or $1
- whichever is greater. Not bad.
6/
Say you want to bridge $1000 from $MATIC
to $LUNA,
you could: 1. Use
to bridge from $MATIC
to $BSC
(~$3 fee) 2. Then use http://bridge.terra.money
to bridge from $BSC
to Terra $LUNA
(~$1 fee) Alternatively, you could just use a CEX as described in part 1.
7/
4. Bridging to / from $BTC ฿, $SOL
Solana, Terra and EVM chains
allows
you to bridge to and from: • $BTC
• $SOL
• EVM Chains Fees are ~0.5% - higher than
, but you can reduce it by holding their $ABR
tokens.
8/
5. Bridging to / from $NEAR
You can use Rainbow Bridge to bridge between $ETH,
$NEAR
and $AURORA.
To bridge to NEAR, you could: 1. Bridge from source chain to Aurora using
or
. 2. Then bridge from Aurora to NEAR. Must
avoid ETH gas fees
9/
6. Bridging to Cosmos
To do this, you'll need funds in $BSC
or $LUNA
chain 1. Use the above methods to get your $ to Terra. 2. Then use http://bridge.terra.money to bridge $UST from
Terra to Osmosis. 3. Swap $UST
for $ATOM
4. Withdraw $ATOM
from
10/
7. Another multichain bridge.. You can also use
to bridge between EVM chains, $SOL
and $BTC.
They even send you a small amount of tokens to help with the gas costs. It's
also very user friendly, allows you to send $USDC
or $USDT,
11/
Note that EvoDefi allows you to bridge TO $BTC
and $SOL,
but not FROM $BTC
and $SOL.
EvoDefi supports more EVM chains than
@SynapseProtocol or @Allbridge_io,
but has higher fees than @SynapseProtocol
. Fees are 0.5% + ~$1
12/
These are the best methods I've found for bridging assets to
and from various chains.
Sometimes you might need to mix and match..
Bridging is a really tedious process currently imo, and a
big hurdle for new users.
Hopefully this Thread helps.
13/
If you find this overwhelming, remember that the yields in
DeFi are high only because it's too complicated for most people.
Push yourself to learn about #DeFi and to experiment with it, so can capitalize on these yield opportunities while they last.
