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How to Bridge from Avalanche (AVAX) to Aurora
Decentralized cross-chain liquidity protocol's are the best way to bridge assets from EVM compatible chains like Avalanche C Chain and the Aurora EVM on NEAR. Some of the best DEX's include Synapse, Elk Finance and Stargate Finance for seamless cross-chain swaps.
We recommend Synapse Protocol because they offer the best user experience with the lowest fees. You can follow this guide to get started:
- Visit Synapse and connect your Metamask Wallet.
- Select Avalanche and Aurora as the two addresses you want to bridge between.
- Select the token and amount you want to bridge from AVAX to Aurora.
- Confirm the transaction and wait 2 minutes for the bridge to complete.
AVAX to Aurora Bridging Fees
The fees to bridge from Avalanche to Aurora, or Aurora back to Avalanche are incredibly cheap. This is for two reasons, the first being the low transaction fees on both network. The second being Synapse's novel cross-chain DEX design that cuts fees and slippage between chains.
In total, you can expect to pay a maximum of $2 USD to bridge funds between chains.
Why should I Bridge from AVAX to Aurora on NEAR?
Aurora is a rapidly growing network that is currently offering great incentives for users to park their liquidity on AURORA native applications. Money Markets like Bastion Protocol are offering incredibly high yields on ETH, NEAR, Trisolaris, USDC and USDT that are more competitive than applications on Avalanche.
It is recommended that if you are going to bridge to Aurora, you make sure you do it early to capitalize on the yield farming.
AVAX vs AURORA vs NEAR
AVAX and AURORA are two fundamentally different smart contract platforms because Avalanche is a Layer 1 network, while AURORA is a Layer 2 network on the NEAR Protocol. This means that Avalanche would accrue more value over-time because it is the base layer for other networks.
A more appropriate comparison would be between AVAX and NEAR which have similar designs. As at time of writing, Avalanche is the larger blockchain by Total Value Locked so would be considered the best out of the three.
Final Thoughts
Bridging from AVAX to Aurora is incredibly easy and cost effective. We recommend Synapse Protocol for the lowest fees and minimal slippage. If you are looking to yield farm or take advantage of very high interest rates, Aurora on NEAR is the best place for that. Always do your own research before making an investment decision. Good luck!
