Arbitrum - Layer 2 Solution for Ethereum!

By DeFiState | DeFiState | 11 Jan 2022


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What is Arbitrum?

Arbitrum is Layer 2 solution for Ethereum. It's main use case is to provide users low gas fees when it comes to swaps and etc. If user wants to transfer his Ethereum to Arbitrum blockchain, he/she needs to use their bridge.

USING ARBITRUM BRIDGE REQUIRES GAS FEES, WHICH SOMETIMES ARE HIGHER THAN NORMAL!

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How to use Arbitrum to bridge assets?

Here is our step-by-step guide:

1. Go to https://bridge.arbitrum.io and connect your Metamask wallet (Full guide of how to setup your Metamask wallet is coming soon)

2. Type in how many Ethereum tokens you would like to bridge from Ethereum Mainnet to Arbitrum Mainnet

3. Click on "Deposit"

4. Carefully check the gas fee, required for this transaction, and if you are okay with it, click on "Confirm" (Confirmation usually takes around 15-20 minutes)

Will Arbitrum have a token in the future?

Currently, there is no official information that Arbitrum is going to launch its own token. However, a lot of people are expecting this to happen soon.

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DeFiState
DeFiState

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DeFiState
DeFiState

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