zeroDAO: More than a Bridge-a Cross Chain Highway
Published On: 7/26/2022
zeroDAO: more than a Bridge - a Cross Chain Highway
zeroBRIDGE is more than just a bridge, we are building a fully interoperable cross chain communication highway.
With our recent full integration on Arbitrum, Avalanche, and Polygon, We are the first platform that allows bridging from $BTC to native gas tokens in one go, on all of the aforementioned chains. Long gone are the days of needing faucets, air drops, or gas stations.
zeroBRIDGE on Polygon
Moving your assets on to Polygon with zeroBRIDGE is the next step in a more seamless and secure experience.
Before zeroBRIDGE, the steps to convert $BTC to $MATIC kind of looked like this:
- Acquire $BTC through your local ATM or desired exchange.
- Find a way to buy $MATIC on an exchange
- KYC on the exchange
- Send funds to the exchange account
- Buy $MATIC
- Transfer $MATIC to your address on Polygon
- Go to the renVM bridge app and convert your $BTC to $renBTC on Polygon
- Make sure the wallet you minted the $renBTC to already has $MATIC.
- Go to the Curve app and trade $renBTC for $WBTC on Polygon
- Go to the Uniswap app and trade $WBTC for $MATIC Polygon
- Question why you even tried to do this in the first place 😫
(The old way visualized)
The new way with zeroBRIDGE is as easy as 1–2–3:
- Acquire $BTC through your local ATM or desired exchange.
- Choose $MATIC in the token dropdown on the bridge app, enter your amount, and press transfer.
- Send the correct amount of $BTC to the gateway address and after 6 confirmations, you’ll see $MATIC in your wallet.
Step-by-Step Walkthrough bridging funds from native $BTC to $MATIC
Here’s a guide for using the zeroBRIDGE. In this walkthrough we will turn native $BTC to $MATIC using zeroBRIDGE exclusively.
To begin we select the Polygon network to get access to $MATIC and connect to a deposit wallet. In this example we are using an empty wallet address.
Next we select the currency we prefer to receive, in this case that is $MATIC.
When a keeper is ready to pick up the transfer we are asked to sign the transaction with our wallet and a deposit address for the $BTC we are sending is given to us.
<u>Note: It is important that you deposit the exact amount you signed for!</u>
Using either the QR code or copying the address into our $BTC wallet (making sure its correct!), we send the amount we input before we signed the transfer.
After reviewing the transfer and hitting send, the bridge takes care of everything else.
After a short wait, we now have the $MATIC in the wallet address connected to the Polygon network!
Follow these same steps if your preferred network is Arbitrum to receive $ETH (on Arbitrum) or Avalanche to receive $AVAX. We are excited to continue adding more networks and assets in the future!
Thanks for reading and keep an eye out for more guides and info to come.
- Grey
Connect with us
If you have any questions, comments, or feedback, let us know by joining us on our Discord or find us on Matrix!
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