How to Bridge to Dymension

How to Bridge to Dymension 

For individuals looking to transfer assets from Ethereum to Dymension, it's important to use a bridge compatible with the Cosmos ecosystem. Satellite.money, utilizing Axelar's infrastructure, is the most popular option for users looking to bridge to Cosmos SDK-based chains. It is known for its seamless integration with Ethereum, layer 2’s, Osmosis, and 20 others chains.

Here’s a succinct guide to bridging your assets to Dymension through Satellite.money:

1. Visit the official Satellite.money platform and connect your EVM-compatible wallet (like MetaMask) along with your Cosmos wallet (such as Keplr).
2. Choose Ethereum and Dymension as your source and destination chains, respectively, and select the cryptocurrency you plan to move (for example, USDC).
3. Enter the amount of USCC you want to bridge.
4. Double-check your transaction details to ensure everything is correct, then proceed to confirm the transfer. Your funds should reflect in your Cosmos wallet within 20 minutes.

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Dymension Bridging Fees

For users transferring assets from Ethereum to Dymension through Satellite.money, which operates on Axelar's infrastructure, it is important to be aware of a 0.1% relayer fee on cross-chain transactions. This fee helps maintain a smooth and secure asset transfer, ensuring the bridge operates efficiently.

Users should also be mindful of the variable gas fees, influenced by network congestion and the intricacy of the transaction. Typically, transfers from Ethereum to Dymension might exceed $20 owing to Ethereum's high demand and associated transaction fees.

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How Does Bridging to Dymension Work?

Transferring assets to Dymension involves a secure and structured process, tailored to work with its Cosmos-based framework. Here's an easy-to-follow guide to understand the mechanics behind cross-chain transfers:

• Initiating the Transfer: Begin by selecting a crypto bridging service like Satellite.money, which is fully integrated with Dymension.
• Locking Assets on the Source Chain: To ensure the security of your assets during the transfer, they are temporarily held in a smart contract on the originating blockchain (e.g. Ethereum or Arbitrum).
• Generating Equivalent Assets in Dymension: The Satellite.money bridge, powered by Axelar's infrastructure, then issues an equivalent amount of tokens on its network
• Verification and Security Measures: The bridging process is safeguarded by extensive verification steps, with validators or relayers confirming the secure handling of the original assets and their accurate transition to Dymension.
• Reversibility Feature: If needed, the bridge process can be reversed by securing or releasing the tokens in Dymension, unlocking the original assets on the source blockchain.

This method offers a dependable and efficient avenue for moving assets to Dymension, boosting interoperability and promoting growth within the broader blockchain ecosystem.

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About Dymension

Dymension is a modular ecosystem that enables the creation of RollApps, innovative applications like games and DeFi projects, on its front-end. It operates as the back-end hub, ensuring security and seamless transactions across its network, while data availability networks like Celestia provide decentralized data storage, akin to databases in typical web applications. The Dymension Hub supports deposits, withdrawals, and the exchange of RollApp tokens, streamlining the user experiences under one convenient platform.

Closing Thoughts

In conclusion, bridging assets to Dymension via Satellite.money is a streamlined process designed for ease and efficiency. By utilizing Axelar’s infrastructure, users can transfer assets from Ethereum to Dymension confidently, knowing the process involves a minor relayer fee and variable gas fees dependent on network conditions. It's crucial to correctly select the source and destination chains, verify transaction details, and confirm the transfer