Guide to Participating in the oAsset Lockup Incentive Program
Hello, Orbit Chain community.
We previously introduced the long-term lockup incentive plan that provides incentives to users who have long-term locked up oAssets while announcing the asset recovery and ecosystem normalization plan. This time, we will guide you on how to move oAssets to the Silicon Network to participate in the long-term lockup program.
To participate in the program, you must first secure the required gas fee from the Silicon Network using the Silicon Bridge, and then move oAssets to a wallet available on the Silicon Network. At this point, we will explain using the MetaMask wallet as the most convenient way to use the Silicon Network.
※ Please note that if your wallet app does not support the custom RPC add-on, such as not being able to add the Silicon Network directly from the wallet or registering the wallet address to MetaMask, you will not be able to participate in the long-term lockup program. (Example: Klip, D’CENT, etc.)
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1. How to prepare gas fee (ETH) for Silicon Network
Any transaction that occurs on the Silicon Network, such as locking up or transferring assets, requires payment of a gas fee. The gas fee must be paid in ETH used on the Silicon Network, and can be done by transferring ETH from the Ethereum Network to the Silicon Network via the Silicon Bridge to your wallet. Currently, the Silicon Bridge only supports connecting to the MetaMask wallet.
1) Visit Silicon Bridge
- Go to Silicon Bridge page: https://bridge.silicon.network/
- You can add Silicon network information to your MetaMask wallet by selecting the [Add to MetaMask] button. After adding the Silicon network, follow the instructions to switch the network connected to your wallet to the Silicon network.
* Silicon Network RPC:
Network Name: Silicon
New RPC URL: https://rpc.silicon.network
Chain ID: 2355
Currency Symbol: ETH
Block Explorer URL (optional): https://scope.silicon.network
Ethereum Smart Contract (optional): 0x419dcd0f72ebafd3524b65a97ac96699c7fbebdb
2) Connect wallet and transfer gas fee
- Connect your wallet by selecting “Connect using web wallet in MetaMask” link, then select the Ethereum network in From and select ETH to transfer. Check the wallet address to receive ETH in “Destination Address” and select the [Move assets to SILICON] button.
- A confirmation pop-up will appear before transferring assets. You can read the terms and conditions, risks, privacy policy, etc. for transferring assets between other networks.
If you fully understand the process of transferring assets to Silicon Network, enter the phrase “I understand” and select the [Continue] button to proceed with the transfer.
- After checking the network to be transferred, the wallet address to receive the asset, and the gas fee, and selecting the [Bridge] button, a transaction approval window will appear in MetaMask. If you confirm here, the actual asset transfer via Silicon Bridge will begin. Once the transaction is approved, the ETH asset transfer from the Ethereum network to the Silicon network is complete, and you can check the asset in your wallet.
※ When transferring assets via Silicon Bridge, you can check the transmission status through the Activity tab on the upper left of the website.
※ Depending on the network conditions at the time of asset transfer, it may take some time for data rollup and finalization. Please understand that it may take some time for clean processing.
2. Transferring oAsset with MetaMask
1) Visit Orbit Bridge
- Go to the Orbit Bridge page: https://bridge.orbitchain.io
2) Select and transfer the oAsset to lock up
- Select the [Select a token to convert] button and select the oAsset to lock up. oAssets eligible for lock-up incentives are oETH, oUSDC, oUSDT, oWBTC, and oDAI.
- Select the FROM chain, connect the wallet, and select the TO chain as “Silicon Mainnet”.
- After entering the amount of tokens to be transferred (CONVERSION AMOUNT), enter the MetaMask wallet address that will receive the oAsset from the Silicon Network in RECIPIENT ADDRESS.
- When you select the [CONVERT NOW] button, a confirmation pop-up will appear. You can check the token information to be transferred from another network to the Silicon Network again, and read the notes and terms for asset transfer. If you are fully familiar with the use of Orbit Bridge, check the agreement to the terms and conditions and select the [CONVERT NOW] button. After that, the transfer will begin after the final approval from MetaMask. Once MetaMask approves the contract execution, it cannot be canceled.
3) How to check if the asset was successfully transferred
- You can check the asset transfer status by selecting the magnifying glass icon next to Transaction Hash immediately after transfer or by selecting the [View TX status] button.
Once the oAsset is fully transferred to the Silicon Network, you can check the received oAsset in your wallet while connecting MetaMask to the Silicon Network.
Silicon Network oAsset Token Contract Address
- oETH: 0xb985c4038FbfB93d2f31e464FbC5e3cC880EF51A
- oWBTC: 0xf641817E8FDBaaa721D59ae9C6640D3bD73a4b42
- oUSDT: 0xeDa06E07DeAb7De0885EFE3a489FdC471728868B
- oUSDC: 0x526706950cE5C6BB6D30Cf12297f4D2070D3ADAA
- oDAI: 0x94021eB912E5837DCF8314914F5Ae681B1180770
3. How to participate in the oAsset lockup program
- Go to the Orbit Bridge Lockup page and connect your MetaMask: https://bridge.orbitchain.io/lock-up
- Select the [Lockup] button next to the asset you want to lock up.
- Enter the amount of oAsset to be locked up, carefully check the Important Notice, and then select the [Lockup oAsset name] button. If you approve the lockup in your wallet and pay the gas fee, the oAsset will be locked after the transaction is approved, and the token issued in the form of rAsset will be stored in your wallet.
