Summary: The only way to bridge to Evmos (EVMOS) is through an IBC Transfer from Osmosis and a Keplr Wallet. Previously, users could bridge to Evmos with popular cross-chain bridges like Connext and Nomad, however, both platforms suffered smart-contract exploits and closed their Evmos bridge.
How to Bridge to Evmos (EVMOS)
The easiest way to bridge to the Evmos (EVMOS) network with a Web3 wallet is through a trusted cross-chain DEX. After the Evmos Nomad bridge hack, many popular bridges like Connext have decided to delist Evmos, which means you can only bridge from the Osmosis protocol.
You can get started in 4 easy steps outlined below:
- Create an Osmosis Wallet - read our Osmosis Guide for more information.
- Fund the Osmosis Wallet with EVMOS tokens and then visit the Evmos bridge.
- Select 'IBC Transfer' and input the amount of EVMOS tokens you want to send to Evmos.
- Select 'Transfer' coins and wait 5 minutes for the tokens to arrive to your Evmos Wallet (MetaMask or Keplr).
Is Evmos Safe?
Evmos (EVMOS) was involved in one of the largest hacks in DeFi, with over $200 million in funds stolen from their main bridge called Nomad Bridge. Since then, they have fixed the issues that caused this smart contract exploit, however caution is advised when using this network.
Many Cosmos SDK based applications do not have the same security guarantees as Ethereum mainnet, which means your funds are at an increased risk of being stolen.
What is Evmos?
Evmos (EVMOS) is a blockchain built on the Cosmos SDK that provides a scalable application-agnostic framework for platforms to build EVM-compatible applications. This means that Evmos takes the scalability of Cosmos and the EVM native programming language solidity and combines them to create the mos most user-friendly and developer-friendly Ethereum Virtual Machine (EVM) compatible blockchain.
What is Cosmos (ATOM)?
Cosmos is a decentralized network of independent, scalable, and interoperable blockchain chains. The native cryptocurrency of the Cosmos network is called ATOM. The goal of Cosmos is to make it easier for developers to build and deploy blockchain applications, and to allow different blockchains to communicate and exchange data with each other.
One of the main advantages of Cosmos is its focus on interoperability. This means that it is designed to allow different blockchains to communicate and exchange data with each other, which can make it easier for developers to build decentralized applications that span multiple blockchains. This is in contrast to other platforms like Ethereum, which are focused on building a single, monolithic blockchain that can be used for a wide range of applications.
Final Thoughts
In summary, to bridge to Evmos (EVMOS), you must use an IBC transfer from Osmosis and a Keplr Wallet, as popular cross-chain bridges like Connext and Nomad have closed their Evmos bridges due to smart-contract exploits. Evmos combines the scalability of Cosmos with the EVM native programming language Solidity, creating a user-friendly and developer-friendly EVM-compatible blockchain.
To bridge to Evmos, follow the outlined steps involving Osmosis Wallet and IBC transfers. Keep in mind that Evmos, a Cosmos SDK based application, may not have the same security guarantees as Ethereum mainnet, so exercise caution when using the network to protect your funds from potential risks.
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.
