Bridging & More With Socket on Premia
The Premia bridge opens the floodgates for liquidity to seamlessly flow and connect the instances of Premia across all 4 of the currently supported networks(Ethereum, Fantom, Arbitrum & Optimism).
Here is a quick guide for you to understand all the features of the bridge & get you started for the first jump!
How to be a bridgooooor
1. Begin your bridging journey
The bridge is directly accessible on the Premia app’s home page. You can begin by clicking on the ‘Swap & Bridge’ option on the sidebar, which should open a pop-up displaying a “swap & bridge” modal. Next, choose the ‘Bridge’ button and you’re ready to get started!
2. Select the from chain & to chain
From chain is the chain you’re sending tokens from & to chain is the chain you want to receive your tokens on.
For example, to experience Premia blazingly fast on Optimism you will choose from chain as Fantom & destination chain as Optimism.
3. Select which tokens are being sent and received
Once you’ve selected the from and to chains, select the tokens you want to bridge. Use the drop-down menu to pick from the available tokens & choose the desired amount you want to bridge!
Premia bridge also lets you bridge & zap from one token into any other token on the destination chain!
eg: You can go from $USDC on Polygon to $DAI on Optimism in one bridging transaction!
4. Select a route for bridging
Click on the settings icon on the top-right corner and choose the best route based on your desired preference!
- High Return — Highest return on the destination chain
- Low Gas Fee — Lowest gas fee for bridging
- Fastest — Route with least bridging time
5. Bridging
Once you have selected & input the token amounts, click on ‘Review Quote’ to validate your bridge transaction before proceeding. Once you’re ready click on ‘Bridge’ to begin the bridging!
You can see the status of the ongoing transaction by clicking the “Pending” window.
FAQ
How does the bridge work?
The Premia Bridge under the hood is powered by Socket’s Liquidity Layer that brings an aggregated layer of various asset bridges and DEX aggregators under one roof!
What bridges are available to choose from on the UI?
Premia Bridge offers you all major bridges including Hop, Multichain, Across, Celer, and Hyphen as well as Native bridges including Optimism & Polygon POS. Choose the best-suited bridge for them depending on your bridging needs.
How do Multichain swaps or swap-bridge-swaps work?
The Premia bridge supports swaps on all source and destination chains through 1inch. With swap-bridge-swap, a user can go from anyToken on a source chain and land on their desired token on the destination chain while getting the best rates for both their swaps and bridging.
I received funds less than the quote, what should I do?
For bridging transactions with a destination swap mentioned above, the output amount might slightly vary due to price fluctuation during bridging. Since you perform the destination swap post-bridging via 1inch, you can be assured that you are getting the best prices at that time.
Why am I seeing an error message during the bridging transaction?
Sometimes you might get an error during multi-transaction bridging. The error indicates that the bridging is complete but the swap on destination failed due to insufficient liquidity. Please check your wallet in case of this error and complete the swap on any DEX of your choice.
In case of any other errors, please raise a support ticket for the issue or alternatively join the Socket Discord & post your issue on the #support channel.
How do I see the steps involved in a bridging route?
By navigating to the ‘See route details’ on the Review Quote. In the following example below there are 2 steps involved:
- Step 1: Bridge USDC from Fantom to Optimism
- Step 2: Swap USDC to DAI on Optimism
I couldn’t do the destination swap because I didn’t have gas, what do I do now?
You can use Refuel to get gas. Resume your pending transaction from the pending transactions tab and finish bridging!
I am facing an issue with my bridging transaction, what should I do?
Here are a few ways for you to get your problem resolved:
- You can raise a support ticket for the issue you are facing and we will get back ASAP!
- Join Socket Discord & post your issue on the #support channel
Have questions about Premia?
Drop by our Discord server and chat with us! We would be happy to answer all of your questions about the Premia ecosystem. 💎
