Bridging ACRE from Acrechain to Arbitrum
A practical guide on transferring ACRE to Arbitrum
Nearing the announcement of the integration of Arbitrum network on Arable Platform, a few DEX’s on Arbitrum chain have listed $ACRE and created pools for it. In this article, we will go about how to bridge $ACRE from Acrechain to Arbitrum for users to be able to participate in the Liquidity Rewards on Arbitrum chain. Let’s start!
Wallet Requirements
To get started, ensure that you have Metamask, allowing you to connect to the Arable Bridge interface. You may also need $ACRE in your MM wallet on both Acrechain and Avalanche chain to pay any associated transaction fees.
Bridging from Acrechain to Avalanche
- Go to https://bridge.arable.finance/
- Make sure you are on the Acrechain and choosing ACRE as the token to be transferred
3. Connect your Metamask wallet by clicking on Connect EVM Wallet and connect your Keplr wallet by clicking on Connect to Keplr. Once MM is connected the available $ACRE will reflect.
4. Input the desired amount of ACRE to be transferred then click on Swap
Take note there is a minimum of 10000 $ACRE and a max of 1000000 $ACRE that can be transferred and users should check if the target network has sufficient liquidity before the withdrawal.
5. Approve the Permission Access prompt and Transaction Fee approval by Metamask by clicking on Confirm
5. During the ongoing transfer, the transaction hash will appear on the right side showing the success on each step named Deposit, Confirm, Withdraw, and Done. If the transfer is complete, the steps should look like this:
6. Once successful, go to the Metamask, switch to Avalanche, and your ACRE will now reflect. If you don’t have ACRE on Avalanche network you can follow this guide to add the token.
Bridging from Avalanche to Arbitrum
2. Make sure you are on Avalanche network. Choose ACRE (1) and choose Arbitrum mainnet (2). Now, input the desired amount of $ACRE to be transferred and click on Swap.
3. Take note that you would need $ACRE on Avalanche as fees so make sure to have an extra. Some of the details to be taken note of are as follows:
- Minimum Crosschain Fee is 1,404.859409 ACRE,
- Maximum Crosschain Fee is 140,485.940869 ACRE
- Minimum Crosschain Amount is 2,107.289113 ACRE
- Maximum Crosschain Amount is 702,429,704.347337 ACRE
- Estimated Time of Crosschain Arrival is 10–30 min
- Crosschain amount larger than 140,485,940.869467 ACRE could take up to 12 hours
Where to use ACRE on Arbitrum?
SolidLizard
SolidLizard, a permissionless liquidity market, community-oriented ve(3,3) dex on Arbitrum has recently listed $ACRE opening 3 pools with $SLIZ emission. You can check the full details of the pools here.
How to Add and Stake Liquidity:
- Choose from the 3 pools and click on Add.
2. On the default Add Liquidity (1) window, input the desired amount (2 and 3) of the tokens you want to be pooled (for this instance, $ARB and $ACRE will be used).
3. Once you have LP tokens. Click on I have LP token to be redirected to the Stake LP window. Choose the pair you have added liquidity into and input the desired amount of LP tokens to be staked by percentage % and click on Stake LP
And that’s it! You can now enjoy up to ~2000% APR on the 3 pools on SolidLizard with $SLIZ as reward.
By following the step-by-step guide provided in this article, users can now participate in liquidity rewards on the Arbitrum chain. With the recent listing of $ACRE on SolidLizard, users can now take advantage of the 3 pools available with $SLIZ emission. So what are you waiting for? Start bridging your $ACRE now and join the liquidity pools on the Arbitrum chain!
