The Sovryn Cross-Chain Bridge allows easy and permissionless transfers of your tokens from one chain/sidechain to another. There are currently 3 main chains/sidechains included in the Cross-Chain Bridge: RSK, Ethereum, and Binance Smart Chain.
The Sovryn Cross-Chain Bridge can be accessed through thePortfolio page using the Deposit and Withdraw buttons.
The cross-chain bridge facilitates the transfer of the following:
Bridging between Binance (BSC) enables the transfer of 4 stable coins (DAI, USDC, BUSDT, BUSD), BNB (Native BSC token) and the Binance ETH pegged token from BSC-mainnet to the Sovryn ecosystem on RSK-mainnet.
All enabled bridge tokens will be propagated to 3 aggregators according to category on RSK mainnet:
When you use the Sovryn Cross-Chain Bridge to send assets from your address in either the Ethereum or BSC networks, you will receive the resulting tokens in your connected wallet, or the specific wallet address you designate as the receiver (where applicable). Similarly, when you send stablecoins across the bridge, you will receive a RSK network token that represents them.
If you want to see these tokens in your wallet, you may be required to add the token contract address to your wallet manually.
The SOVRYN Cross-Chain Bridge has beneficial advantages which improve its usability and convenience. They are:
The bridge enables the transfer of multiple tokens from ETH-mainnet to the Sovryn ecosystem on RSK-mainnet.
The bridge enables the transfer of multiple tokens from BSC-mainnet to the Sovryn ecosystem on RSK-mainnet.
The ability to define a different receiver instead of transferring your asset to the address initiating the transfer. This means you can transfer your assets through the bridge and send the resulting tokens to a different wallet address in a single action.
The minimum ETH → RSK (ETHs) transaction amount is 0.002 ETH, with a bridge fee of 0.0010 ETH
The minimum (ETHs) RSK → ETH transaction amount is 0.001 ETHs, with a bridge fee of 0.001 ETHs
The minimum BSC → RSK (ETHs) transaction amount is 0.002 ETH, with a bridge fee of 0.0010 Binance pegged ETH
The minimum (ETHs) RSK → BSC transaction amount is 0.001 ETHs, with a bridge fee of 0.001 ETHs
With the Sovryn Cross-Chain Bridge, the conversion time depends on the asset amount being transferred through the bridge.
Small amounts get processed almost immediately (approximately under 20 minutes)
Larger amounts take a bit longer (approximately 20 mins - 1 hour)
The latest release includes:
Changes to the the bridge fee and min value implementation: This feature will enable lower fees and more accurate fee collection to cover gas cost.
The fee is no longer a global percentage, but a constant value per token, that can be updated by the bridge owners.
The min value is not a global percentage, but a constant value per token, that can be updated by the bridge owners.
¶ Step-by-Step Guide to using the Sovryn Cross-Chain Bridge
To use the SOVRYN Cross-Chain Bridge, you'll need a configured Web3 wallet set up in your browser. If you have not yet set up such a wallet, follow this guide.
The two primary functions of the bridge are ‘Deposit’ and ‘Withdraw’ - Each process is broken down step-by-step below.