Fantom has been a popular hit amongst investors with the latest news of Felix exchange and Andre’s new ve (3 3) project.
Let’s take a look at how to bridge to the native Opera Network.
Setting up MetaMask:
If you haven’t already, you need to set up a hot wallet. Alternatively, you can use a ledger. For those using MetaMask, you can add it via two methods.
- Network Name: Fantom Opera
New RPC URL: https://rpc.ftm.tools/
ChainID : 250
The Currency Symbol and Block Explorer URL is not really necessary.
- Go to https://chainlist.org/ and search up Fantom. You will see two options, Fantom Opera and Fantom Testnet. Connect to Fantom Opera and ChainList will set up the RPC automatically for you.
|Ethereum||FTM||cBridge, MultiChain, SpookySwap, AnySwap, xPollinate, Synapse, Allbridge||All of the bridges are good. Note that fees are high when bridging from ETH because of gas|
|Binance Smart Chain||FTM||cBridge, MultiChain, SpookySwap, AnySwap, xPollinate, Synapse, Allbridge||BSC is a great network for bridging. Bridging stables are easy also|
|Solana||FTM||Wormhole -> Synapse||SOL is a bit awkward to bridge to, but Wormhole helps to fix that problem|
|Terra||FTM||Terra -> Harmony -> Synapse||Terra is also a bit awkward to bridge from, but Terra bridge assisted with others solves this|
|Avalanche||FTM||cBridge, SpookySwap, AnySwap, xPollinate, Synapse, Allbridge||AVAX is not bad to bridge from, has a lot of cross compatible chains|
|Polygon||FTM||cBridge, xPollinate, Synapse, Allbridge||Decent routing|
|Crypto.com||FTM||EvoDeFi||Least friendly bridge, very troublesome to route funds|
|NEAR||FTM||Aurora Allbridge -> Terra with UST -> Wormhole||Not very easy to bridge, need to activate wallet also|
|Aurora||FTM||Allbridge to Terra -> Terra to Harmony -> Synapse||Not very easy to bridge also, Rose for UST has highest liquidity|
|Cosmos||FTM||Terra to Harmony -> Synapse||Not easiest, but basically just bridge to Terra first|
|Harmony||FTM||cBridge, MultiSwap, Synapse, AnySwap||Easy to bridge, generally quite low fees|
|Arbitrum||FTM||cBridge, SpookySwap, AnySwap, xPollinate, Synapse,||Gas is very high, not recommended to bridge from this network|
|Optimism||FTM||cBridge||Gas is very high, not advisable|
Quick bridging demo
Sample Bridge used is from SpookySwap. You need to go to the website: https://spookyswap.finance/bridge
You will see a page that allows to bridge to and from Fantom Opera. In this example we will be using Binance Smart Chain to Fantom. (Note that SpookySwap is powered by MultiChain)
If you are trying to save on funds, it is advisable to try out different bridges and see which one suits you best. In addition, do note that bridging large amounts can sometimes take a few days.
Please check before bridging. To bridge, simply select the type of currency you wish to bridge for the networks, enter quantity and bridge.
Bridging can take a few minutes to a few hours
The fee for bridging to Fantom Opera is either free or around US$1, depending on the token. The fee for bridging out of Fantom Opera ranges $1 ~ 0.1% of funds being bridged, depending on the token.
You also receive the same token you bridge
Rainbow Bridge: https://rainbowbridge.app/transfer
Terra Bridge: https://bridge.terra.money/
Harmony Bridge: https://bridge.harmony.one/
Featured Image Credit: Crypto Slate