1inch DEX Questions

[FinneysTrueVision]

Yes which De-Fi aggregators are the biggest and most safe secure?

Native, bridged and wrapped, is bridged and wrapped tokens the same thing?

The biggest aggregators are Jupiter for Solana, 1inch for EVM chains, and Rango.Exchange for cross-chain swaps including BTC. Swapping through any of these should be secure, but you can take extra precautions like only give spending approval for the exact token amount you need swapped.

Bridged tokens refers to when a specific asset is locked in a smart contract and an equivalent amount is minted on another blockchain. Some newer blockchains don’t have native USDC issued by Circle so they lock an amount on Ethereum and issue their own version of USDC. Wrappers are tokenized representations of various things from other layer 1 currencies (Wrapped BTC) or a position in a staking pool (wstETH).

[dim_mak5]

Yes which De-Fi aggregators are the biggest and most safe secure?

Native, bridged and wrapped, is bridged and wrapped tokens the same thing?

The biggest aggregators are Jupiter for Solana, 1inch for EVM chains, and Rango.Exchange for cross-chain swaps including BTC. Swapping through any of these should be secure, but you can take extra precautions like only give spending approval for the exact token amount you need swapped.

Bridged tokens refers to when a specific asset is locked in a smart contract and an equivalent amount is minted on another blockchain. Some newer blockchains don’t have native USDC issued by Circle so they lock an amount on Ethereum and issue their own version of USDC. Wrappers are tokenized representations of various things from other layer 1 currencies (Wrapped BTC) or a position in a staking pool (wstETH).

Rango.Exchange is bigger and cheaper than ThorChain?

So Bridged means tokens/coins that are backed by smart contracts locked tokens/coins on a different blockchain or on different network layers? So how do you unlock the native tokens/coins from a smart contract? For example I lock up real 1 BTC on the main bitcoin layer 1 base layer chain, do I lock it up on the bitcoin smart contract code or ethereum smart contract code and in return I get 1 wrapped WBTC on ethereum or is my bitcoin bridged or wrapped? 

So that USDC example you gave is not officially backed by Circle but backed by Ethereum collateral? If so then what is the difference of this from Dai or USDS then?

Only wrapped tokens/coins can earn yield in a staking pool?

[FinneysTrueVision]

Rango.Exchange is bigger and cheaper than ThorChain?

So Bridged means tokens/coins that are backed by smart contracts locked tokens/coins on a different blockchain or on different network layers? So how do you unlock the native tokens/coins from a smart contract? For example I lock up real 1 BTC on the main bitcoin layer 1 base layer chain, do I lock it up on the bitcoin smart contract code or ethereum smart contract code and in return I get 1 wrapped WBTC on ethereum or is my bitcoin bridged or wrapped? 

So that USDC example you gave is not officially backed by Circle but backed by Ethereum collateral? If so then what is the difference of this from Dai or USDS then?

Only wrapped tokens/coins can earn yield in a staking pool?

Rango is an aggregator, so they include liquidity from THORchain.

WBTC is wrapped and not bridged. There is a centralized custodian, BitGo, who holds BTC in multisig wallets and then mints WBTC. For bridged tokens like USDC.e on Avalanche, you can unlock the native token by using the Avalanche Bridge to get USDC on Ethereum in return. The bridged token will get burnt when the native token gets unlocked.

Dai accepts various forms of collateral and is over collateralized. Bridged USDC is backed 1:1 and can only be redeemed for USDC.

Native ETH earns yield from staking, but you need a wrapper token so you can use your staked ETH for other things like collateral for a loan, restaking, or for liquidity pools.

[dim_mak5]

Anyone know whether using the official Arbitrum bridge has more expensive fees in compared to lets say Stargate bridge?

So I have to bridge usdt from etherem to arbitrum usdt then swap to arbitrum usdc? Is there like a bridge and swap 2 in 1 go?

How do I swap usdt on ethereum to usdc on arbitrum using the least fees as possible and in the least transactions as possible in defi? Which ones have the most liquidity volumes and the most secure and safe from ethereum main to ethereum layer 2s?

IMO using Arbitrum official bridge cost me more than use Stargate. I'm active stargate user, and very very rare to use official bridge. In startage, you have two choices of txs ( Fast & Economy). You can faster your tx, but it cost you more or slower your tx, but it charges you less.

That's why i'd prefer to use stargate instead of official bridge that often costed me more.

As for 2 in 1 bridge and swap, it's very possible to bridge and directly swap your USDT arbi to the USDC arbi. It's simply just changing your destination token into the USDC arbitrum like what i did in the picture above.

Hi yes in that interface screenshot you shown, in the settings menu I see Gas on Destination Chain setting followed by 3 options and they are None, Medium and Max and I see 0.00001 Eth value already chosen as default below these options. What does this mean and what happens if I select None?

[asriloni]

Anyone know whether using the official Arbitrum bridge has more expensive fees in compared to lets say Stargate bridge?

So I have to bridge usdt from etherem to arbitrum usdt then swap to arbitrum usdc? Is there like a bridge and swap 2 in 1 go?

How do I swap usdt on ethereum to usdc on arbitrum using the least fees as possible and in the least transactions as possible in defi? Which ones have the most liquidity volumes and the most secure and safe from ethereum main to ethereum layer 2s?

IMO using Arbitrum official bridge cost me more than use Stargate. I'm active stargate user, and very very rare to use official bridge. In startage, you have two choices of txs ( Fast & Economy). You can faster your tx, but it cost you more or slower your tx, but it charges you less.

That's why i'd prefer to use stargate instead of official bridge that often costed me more.

As for 2 in 1 bridge and swap, it's very possible to bridge and directly swap your USDT arbi to the USDC arbi. It's simply just changing your destination token into the USDC arbitrum like what i did in the picture above.

Hi yes in that interface screenshot you shown, in the settings menu I see Gas on Destination Chain setting followed by 3 options and they are None, Medium and Max and I see 0.00001 Eth value already chosen as default below these options. What does this mean and what happens if I select None?

It acted like when you're sending token, but you also wanna send some gas to your destination address. It liks when i send 1 USDC on the different blockchain, but i have no gas there. So i add some dollars first as my gas on my destination chain before i send my USDC. Sadly, i never used it and prefer to send gas manually.

[dim_mak5]

Anyone know whether using the official Arbitrum bridge has more expensive fees in compared to lets say Stargate bridge?

So I have to bridge usdt from etherem to arbitrum usdt then swap to arbitrum usdc? Is there like a bridge and swap 2 in 1 go?

How do I swap usdt on ethereum to usdc on arbitrum using the least fees as possible and in the least transactions as possible in defi? Which ones have the most liquidity volumes and the most secure and safe from ethereum main to ethereum layer 2s?

IMO using Arbitrum official bridge cost me more than use Stargate. I'm active stargate user, and very very rare to use official bridge. In startage, you have two choices of txs ( Fast & Economy). You can faster your tx, but it cost you more or slower your tx, but it charges you less.

That's why i'd prefer to use stargate instead of official bridge that often costed me more.

As for 2 in 1 bridge and swap, it's very possible to bridge and directly swap your USDT arbi to the USDC arbi. It's simply just changing your destination token into the USDC arbitrum like what i did in the picture above.

Hi yes in that interface screenshot you shown, in the settings menu I see Gas on Destination Chain setting followed by 3 options and they are None, Medium and Max and I see 0.00001 Eth value already chosen as default below these options. What does this mean and what happens if I select None?

It acted like when you're sending token, but you also wanna send some gas to your destination address. It liks when i send 1 USDC on the different blockchain, but i have no gas there. So i add some dollars first as my gas on my destination chain before i send my USDC. Sadly, i never used it and prefer to send gas manually.

Alright for receiving crypto in your wallet you need gas 1st to receive? I thought the sender pays the gas correct?

In your screenshot USDT on Ethereum to USDC.e on Arbitrum, I understand Eth Gas is required until the USDC.e is sent to destination address or do you mean the Arbitrum network in your crypto wallet requires Eth gas too on the destination address 1st?

[asriloni]

Alright for receiving crypto in your wallet you need gas 1st to receive? I thought the sender pays the gas correct?

In your screenshot USDT on Ethereum to USDC.e on Arbitrum, I understand Eth Gas is required until the USDC.e is sent to destination address or do you mean the Arbitrum network in your crypto wallet requires Eth gas too on the destination address 1st?

Dude, remember this. Such feature is very useful only if you have no gas in your destination wallet. It makes you can also send your gas along with your money without need you do send your gas manually.

When you have no gas in your destination wallet, you won't able to swap or anything else in our destination wallet. So, you have to send gas first to your destination wallet. This is how that feature works.

As for your second question, your second sentences is correct. You need gas to send your USDC.e to the destination address, but you need also gas in your destination address to be able to do tx like swap, bridging and etc in your destination address.