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Seamless Cross-Chain Bridge

What is Bridging?​

Bridging refers to the process of transferring cryptocurrency assets from one blockchain network to another. This enables assets like Ethereum-based ERC20 tokens to be used on compatible blockchains such as Binance Smart Chain, Arbitrum, and WYZth.

Key Aspects of Bridging​

  • Smart Contract Technology: Uses smart contracts to lock assets on one chain and mint equivalent representations on the destination chain.
  • Interoperability: Enhances the ability of assets and decentralized applications to function across multiple blockchains.

Why Bridge Assets?​

  • Value Transfer: Allows for the movement of value without needing to sell and rebuy assets, avoiding additional taxes and fees.
  • Cross-Ecosystem Usage: Enables the use of assets from high-liquidity chains like Ethereum in different blockchain ecosystems.

What Tokens Can Be Bridged?​

The Wyscale bridge supports the conversion of major cryptocurrency tokens into their compatible wrapped token equivalents.

Examples​

  • ETH to wETH: For bringing liquidity from Ethereum to Wyscale's high-speed chain.
  • BNB, Bpeg ETH to wBNB and wETH: To utilize Binance Smart Chain assets.
  • ARB to wARB: For leveraging Arbitrum liquidity on Wyscale.
  • WYZ Tokens: Bridge native WYZ tokens and wrapped wWYZ from the WYZth blockchain for broader interoperability.

Benefits of Wrapped Tokens​

  • Efficiency: Offers ultra-low fees and fast finality.
  • Chain Hopping: Facilitates intuitive movement across different blockchains through wrapped tokens.
  • Multi-Chain Asset Movement: Enables transferring assets across chains like Ethereum, BSC, Arbitrum, or directly to user addresses.

Bridging Step-by-Step​

  1. Open Wyscale Bridge: Go to Wyscale Bridge and connect your wallet.
  2. Select Source Blockchain: Choose the blockchain where your assets are currently located.
  3. Destination Chain: Select the chain you wish to bridge your tokens to.
  4. Enter Amount and Approve: Specify the bridging amount and approve the transactions.
  5. Wait for Completion: Allow time for the bridge transfer process to finish.
  6. Check Your Wallet: View the bridged tokens on the destination chain in your wallet.

Buying Without Funds on Your Network​

If you don't have crypto assets on the bridging chains, you can buy them using fiat currency on Wyscale’s Onmeta platform.

  • Purchasing Method: Utilize bank transfers to buy major cryptocurrencies like ETH, ARB, and BNB.
  • Simple Onboarding: Tailored for ease of use, especially for first-time users.
  • Offramp Functionality: Convert and transfer your crypto holdings back into fiat currencies and into your bank account.