Summary: Bridging assets to Evmos is an easy process, especially through Gravity Bridge. This method enables you to transfer various tokens, including ETH and USDT, directly into the Evmos ecosystem from several networks. Leverage the full potential of the Evmos Layer 1 and engage with its rich DeFi landscape, all accessible through your preferred Web 3.0 wallet like MetaMask and Keplr.
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- Supports all Cosmos SDK Chains (e.g. Evmos, Cosmos, Osmosis and more).
- The official Cosmos Foundation bridge for the Tendermint SDK ecosystem.
- Has transacted billions in bridging volume with no history of serious exploits.
Can I Bridge to Evmos?
Yes, transferring your digital assets to Evmos from Ethereum, Arbitrum, BNB Chain, or Solana is executed with simplicity through a cross-chain bridge. Bridging platforms ensure the safe and compatible transfer of assets with decentralized wallets, enabling you to securely bridge tokens like WETH, USDC, and USDT into Evmos. The network is known for its efficient transaction speeds tailored for DeFi applications.
How to Bridge to Evmos
Transferring your cryptocurrency to Evmos becomes a streamlined task when using Gravity Bridge. This bridge stands out for its minimal fees and significant liquidity pools, making it a preferred option for many users operating within the Cosmos ecosystem. With a solid security record, Gravity Bridge has established its reliability in the community. It facilitates the immediate movement of prevalent tokens such as EVMOS, USDC, WETH, and DAI.
For a simple bridging journey, follow these four steps:
- Begin by visiting the Gravity Bridge portal and linking your decentralized wallet.
- Once connected, set Evmos as your target chain.
- Select the token you want to move, for example, USDC, and specify the volume for bridging.
- Examine the transaction specifics with care and proceed to authorize the bridge.
Evmos Bridging Fees
When you choose Gravity Bridge for asset transfer to Evmos, understanding the associated fees is crucial. Gravity Bridge typically applies a fee of around 0.1% for transactions exceeding $1,000. For example, a transfer of assets equivalent to 1 EVMOS might incur a nominal fee of 0.001 EVMOS.
Bear in mind that fees may vary depending on the originating blockchain. Transfers originating from the Ethereum mainnet are subject to gas fees, which might fall within the range of $10 to $15 due to the network's congestion and complexity. Conversely, moves from EVM-compatible Layer 2 networks can carry much lower gas fees, sometimes just a fraction of a cent.
What is Evmos?
Evmos is a blockchain network that champions a frictionless user experience by enabling cross-chain interoperability for a host of decentralized applications (dApps). This open-source platform allows anyone to engage with or develop applications without needing permission, thereby eliminating the constraints of single-blockchain interaction.
It's designed to let users seamlessly access dApps, built once and made available across multiple chains, thus simplifying cross-chain activity. With a Total Value Locked (TVL) of $3.34 million, Evmos is carving out a space where developers and users can participate in a thriving DeFi ecosystem.
Final Thoughts
In conclusion, those interested in bridging to Evmos should use Gravity Bridge for its low fees and high liquidity. With its open-source nature and growing Total Value Locked (TVL), Evmos is poised to continue its expansion, providing a solid foundation for both users and developers in the pursuit of an interconnected blockchain future.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
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