Nonprofit data and tech, voter files, digital advocacy tools, dog parks. Opinions are my own.
Nonprofit data and tech, voter files, digital advocacy tools, dog parks. Opinions are my own.
Subscribe to James Bradach
Subscribe to James Bradach
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Gnosis Chain, formerly xDai Chain, is an execution-layer EVM chain for stable transactions. Rather than using Ethereum to pay for gas fees, it uses the xDai stablecoin. Transactions cost just a few cents and running a validator requires only 1 GNO making staking much more accessible.
Dai can be bridged from Ethereum using the official OmniBridge but that route can be prohibitively expensive. It’s much more affordable to bridge from a Layer 2 or a sidechain such as Polygon. There are many different ways to do this, but here’s one I have often used.
For US citizens, one of the cheapest and easiest on-ramps is Crypto.com . Purchase MATIC with your bank account or credit card.
Withdraw the funds to your Polygon (MATIC) wallet. Be sure to select the Polygon (MATIC) network and not ERC-20.
Use a DEX such as 1inch to swap the MATIC to Dai.
Initiate a cross-chain transfer to bridge your Dai to xDAi on Gnosis Chain:
Gnosis Chain, formerly xDai Chain, is an execution-layer EVM chain for stable transactions. Rather than using Ethereum to pay for gas fees, it uses the xDai stablecoin. Transactions cost just a few cents and running a validator requires only 1 GNO making staking much more accessible.
Dai can be bridged from Ethereum using the official OmniBridge but that route can be prohibitively expensive. It’s much more affordable to bridge from a Layer 2 or a sidechain such as Polygon. There are many different ways to do this, but here’s one I have often used.
For US citizens, one of the cheapest and easiest on-ramps is Crypto.com . Purchase MATIC with your bank account or credit card.
Withdraw the funds to your Polygon (MATIC) wallet. Be sure to select the Polygon (MATIC) network and not ERC-20.
Use a DEX such as 1inch to swap the MATIC to Dai.
Initiate a cross-chain transfer to bridge your Dai to xDAi on Gnosis Chain:
No activity yet