MultiversX Tracker is Live!

Announcing Partnerships with Celer and Camelot to Bridge and Trade MOON on Arbitrum One

All Cryptocurrencies

by COINS NEWS 71 Views

Announcing Partnerships with Celer and Camelot to Bridge and Trade MOON on Arbitrum One

Moons are now bridgeable to ETH mainnet and Arbitrum one via Arbitrum’s official bridge!

https://preview.redd.it/svrrelvu76oc1.png?445&format=png&auto=webp&s=a8d9c63d9a623419f7d25b6c30fbc0b5a84ea673

To clarify this is not a migration, but rather a two-way bridge. If you wish to keep your Moons on Arbitrum nova that is perfectly fine, and as of now exchanges only support deposits on Arbitrum nova.

As a warning this is somewhat technically intensive for the uninitiated and requires ETH on Arbitrum nova, mainnet, and Arbitrum one to complete. Two mainnet transactions are required, one to claim Moons on mainnet and another to bridge Moons from mainnet to Arbitrum one.

***

Instructions:

  1. Go to bridge.arbitrum.io (double check the URL on your screen matches)

  2. Select Nova to Ethereum

  3. Select token, enter Moons contract on Arbitrum nova: 0x0057Ac2d777797d31CD3f8f13bF5e927571D6Ad0

  4. Approve and bridge

7 days later

  1. Claim the Moons on Ethereum

  2. Select networks, Ethereum to ONE

  3. Select token and Enter Ethereum Moons contract, (https://etherscan.io/address/0xb2490e357980ce57bf5745e181e537a64eb367b1) approve and bridge

  4. Wait few minutes and claim the Moons on ONE

***

Unfortunately this bridge takes 7 days to complete, and given mainnet gas fees have to be paid twice it likely will not make sense for small dollar amounts of Moons to be transferred through the official bridge.

https://preview.redd.it/ryl6rpy186oc1.png?330&format=png&auto=webp&s=f4418253486c8f15f1e852d9a5b3c2fecf8c81a0

Thankfully on March 20th Celer protocol will be supporting moons via a pools model to allow for users to bridge moons directly between Arbitrum nova and Arbitrum one without having to wait a week. Celer is also providing incentives for bridge LPs: 285,000 Celer tokens will be distributed over the first 60 days the bridge is live.

https://preview.redd.it/xyiarag686oc1.png?952&format=png&auto=webp&s=e0de1631cffe7fd56a72a1223b48ff49a7516405

Additionally, Camelot will be Moons official dex on Arbitrum one. They are offering additional incentives to dex LPs in the form of their native token GRAIL + additional ARB rewards (this is decided every 2 weeks so the amount will be confirmed before next epoch).

submitted by /u/CryptoMods
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments