Bridging $ between different Blockchains can be intimidating, confusing and expensive

 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

@MetaMask

. 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

@Binance @kucoincom @gate_io

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

@SynapseProtocol

is a great bridge for transferring to and from: • $ETH • $AVAX • $ONE • $MATIC • $FTM • $BSC • $MOVR • $AURORA • Arbitrum • Optimism

4/ Steps for using

@SynapseProtocol

. 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 role=link' alt="Waning gibbous moon symbol" draggable=false title="Waning gibbous moon symbol" class="r-4qtqp9 r-dflpy8 r-sjv1od r-zw8f10 r-10akycc r-h9hxbl" v:shapes="_x0000_i1025">

@terra_money

'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

@SynapseProtocol

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

@Allbridge_io

allows you to bridge to and from: • $BTC • $SOL • EVM Chains Fees are ~0.5% - higher than

@SynapseProtocol

, 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

@SynapseProtocol

or

@Allbridge_io

. 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

@osmosiszone

 

10/ 7. Another multichain bridge.. You can also use

@evolution_bsc

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.