How To Bridge to Base with Equalizer Exchange
A cryptocurrency bridge is a tool that enables the transfer of cryptocurrencies between two different blockchains. To transfer your cryptocurrencies to the Base layer 2 network it is recommended that you choose a well known bridge that offers safety, speed, and reliability.
Equalizer Exchange has integrated two of the most popular and reliable bridge solutions directly into their platform. These are Squid/Axelar and Stargate/LayerZero.
Let’s explore how to use both of these bridges.
Overview
- What is Equalizer Exchange
- How to Bridge to Base using Squid/Axelar
- How to Bridge to Base using Stargate/LayerZero
What is Equalizer Exchange
Equalizer Exchange is a Decentralized Exchange (DEX) built on Base. It enables users to trade tokens that have launched on the Base ecosystem, along with earning a yield from various product offerings within the DEX.
The native governance token for Equalizer Exchange is SCALE. By holding SCALE tokens you are able to participate in the network and vote on which trading pair will receive liquidity. In return for your votes you will receive a yield through fees and bribes . Additionally, you can provide liquidity directly to a range of liquidity pools directly on Equalizer Exchange.
To help facilitate the onboarding of new users to Base, Equalizer has integrated two of the most popular and reliable bridges, Squid/Axelar and Stargate/LayerZero.
Join our community on Twitter and Discord to keep up with all the new token launches and farming opportunities as Equalizer redefines the DeFi landscape on Base.
How to Bridge to Base using Squid/Axelar
Connect your Coinbase wallet or other self-custody wallet:
Visit the Equalizer Exchange and select ‘Bridge” from the menu, or click here https://base.equalizer.exchange/bridge. Click on the top icon on the right-end of the website to connect your Coinbase wallet, Metamask or other compatible wallet via Wallet Connect. Double-check that the Equalizer Exchange is operating on Base.
Choose Your Desired Chains and Token:
Select Squid/Axelar as your bridge. Then select the token and cryptocurrency you would like to bridge from, in this example, we selected USDC on Ethereum, and then select the destination chain and the asset you would like to bridge to. In this example, we choose to keep the USDC token on Base.
Input and Review:
Don’t forget to input how many tokens you would like to bridge and review the estimated transaction fee it costs. Ensure you have the exact or more than the combined fee. Note: If you are bridging from the Ethereum network, you will need sufficient ETH to pay for gas fees to complete the bridging.
Approve and Confirm:
All DEX require the user to give permission to approve actions, in this instance, the transaction is the transferring of assets on a bridge. By clicking Submit you are giving permission for this action, and a small fee payable in ETH is needed to fund the transaction. Wait a few minutes and this transaction will be confirmed.
How to Bridge to Base using Stargate/LayerZero
Connect your Coinbase or other self-custody wallet:
Visit the Equalizer Exchange and select ‘Bridge” from the menu, or click here https://base.equalizer.exchange/bridge. Click on the top icon on the right-end of the website to connect your Coinbase, Metamask or other compatible wallet via Wallet Connect. Double-check that the Equalizer Exchange is operating on Base.
Choose Your Desired Chains and Token:
Select Stargate/LayerZero as your bridge. Then select the token and cryptocurrency you would like to bridge from, in this example, we selected USDT on Ethereum, and then select the destination chain and the asset you would like to bridge to. In this example, we choose to keep the USDC token on Base. Note. In this example we are choosing to bridge from one stablecoin (USDT) to another stablecoin (USDC).
Input and Review:
Don’t forget to input how many tokens you would like to bridge and review the estimated transaction fee it costs. Ensure you have the exact or more than the combined fee. Note: If you are bridging from the Ethereum network, you will need sufficient ETH to pay for gas fees to complete the bridging.
Approve and Confirm:
All DEX require the user to give permission to approve actions, in this instance, the transaction is the transferring of assets on a bridge. By clicking Transfer you are giving permission for this action, and a small fee payable in ETH is needed to fund the transaction. Wait a few minutes and this transaction will be confirmed.
About Equalizer Exchange on BASE
Equalizer Exchange is a Decentralized Exchange (DEX) built on Base. It uses a vote escrowed model to drive liquidity to the highest volume pairs
Official Website: https://base.equalizer.exchange/
Token: SCALE
Note. the SCALE token is only available on Equalizer Exchange on Base
Contract Address: 0x54016a4848a38f257b6e96331f7404073fd9c32c
Twitter: https://twitter.com/ScaleOnBase
