How to… Bridge DAI from Ethereum Mainnet to Gnosis Chain
Your Bee node uses the Gnosis Chain network to buy postage stamps, to keep your files and data alive in the Swarm network, and to participate in bandwidth incentives, amongst other things. In order to use the Gnosis Chain network, you must pay for transaction fees or ‘gas’ in its native token, xDAI. This tutorial will explain how to bridge MakerDAO DAI from Ethereum Mainnet to Gnosis Chain, using the Gnosis Chain bridge.
Before you begin, you need one of the crypto wallets shown below, Metamask being the most popular https://www.metamask.io/ — for extra security, use a hardware wallet. Create a new wallet and provide it with DAI.
Before using crypto and wallets, please read this document on how to safely use this technology, noting that there is a risk of losing all funds in your wallet. Ethereum Foundation provides some good information and help with choosing a wallet with this useful tool.
Step 1: Go to https://bridge.gnosischain.com/ Click ‘Connect Wallet’. Follow the prompts to connect your hot wallet.
Step 2: Select Ethereum as the mainnet. Next, input the amount of DAI you wish to transfer to xDAI, then click ‘Transfer’.
Step 3: Once your metamask wallet opens, you will see the details of the transaction. Gas fees can be adjusted (not necessary on the Gnosis network). To proceed, click ‘Confirm’.
Step 4: After you have confirmed the transaction, details about it will appear in the bottom right corner of the page. Wait for your transaction to be confirmed.
Success! You’ve successfully bridged DAI to Gnosis Chain