Surching USDC from Ethereum to USDC (Base)
As a USDC holder on Ethereum Blockchain, you are probably aware of the various bridge options available to transfer your tokens to other platforms. However, not all bridges are offered access to the original USDC -based USDC. In this article, we will explore how to bridge the USDC from Ethereum to USDC (base), without using the USDBC variant.
Why the bridge?
Before you dive into details, it is crucial to understand why you would like to bridge your USDC to deal with L2. Some potential reasons include:
* I improved liquidity : by switching to the L2 base you will have access to a wider range of trade couples and potentially more market manufacturers.
* Increased token value : Some owners may believe that the original version of the USDC will appreciate value due to increased accessibility.
* Simplified withdrawals : The breaking can simplify the USDC withdrawal procedure to the basic L2, as you will no longer need to worry about the passing of the fees.
Bridge Options
Several Bridge options are available for Ethereum-USDC transactions. However, not all bridges are offered access to the base L2. Some popular options include:
* The curve (A.K.A. Finance curve) : This bridge uses a new algorithm that allows users to withdraw USDC for Base L2 with the maintenance of liquidity on both platforms.
* Dydx : Dydx is another popular bridge that supports the withdrawal of USDC for Base L2, although with some warnings.
Bridge fees
When passing from Ethereum to Base L2, you will probably have fees. These fees may vary depending on the bridge and the specific transaction. Some usual fees include:
* USDC-TO-USDC (non-most) fees : usually about 0.5% to 1% of the transaction value.
* Bridge fee : varies between 1% to 2% of the transaction value, depending on the bridge.
Start
To bridge your USDC from Ethereum to Base L2 without using the USDBC variant, follow these steps:
- Log into your Ethereum wallet (eg metamask) and move to the bridge settings.
- Choose the desired bridge (curve or dydx).
- Choose the “pull” option for USDC to base the L2.
- View the fees related to the transaction.
- Confirm the withdrawal.
Conclusion
The bridging of your token Ethereum-USDC for base L2 can be a convenient way to approach greater liquidity and potentially higher token values. However, it is crucial to carefully inspect the bridge options, fees and any restrictions before continuing. Always a safety priority and ensure that you use reputable bridges to avoid potential risks or problems.
additional tips
- Thoroughly explore the bridge to understand its fees, restrictions and all potential risks.
- Consider contacting the bridge support team to help bridge.
- Be aware of all regulatory changes that may affect the bridge or your withdrawal.