1/ One of the biggest drawbacks of using Optimistic rollups is the 7 day withdrawal delay when using native bridges.

@bobanetwork decided to build their own bridge that only takes ~10 mins to withdraw from L2 back to the mainnet.

A guide on how to onboard to Boba Network 🧋
2/ Introduction
@bobanetwork is an Ethereum Layer 2 Optimistic Rollup scaling solution that claims to help:
• reduce gas fees
• improve transaction throughput
• extends the capabilities of smart contracts
• reduce 7 day withdrawal delay to a couple of minutes
3/ Add Boba Network to Metamask
a) Manual input
Network Name: Boba L2
New RPC URL: mainnet.boba.network
ChainID: 288
Symbol: ET
Block Explorer URL: blockexplorer.boba.network

or

b) Visit chainlist.xyz to add the Boba Mainnet network directly into Metamask
4/ Bridge
a) Native bridge (gateway.boba.network)
• Connect via Metamask on mainnnet
• Click on Wallet on the menu bar on the left
• Click 'Bridge' next to the desired token you want to bridge
• Enter amount you want to bridge across
4/ Bridge
b) Alternatively, use @SynapseProtocol bridge which now supports stables (DAI, USDC, USDT)

5/ Tools
a) Chain explorer: blockexplorer.boba.network 🔍

b) Guides: docs.boba.network/user-docs 📚

c) Charts: l2charts.com 📈

d) TVL: defillama.com/chain/Boba 💰

e) Farms: vfat.tools/boba/ 🧑‍🌾

f) Portfolio: debank.com/projects/boba_… 👜
6/ Dapps
a) DEXes
@oolongswap
@senpaiswap by @0xKhun

b) Farms
@oolongswap
@autofarmnetwork

c) Meme coins
@BobaDoge
7/ Updates
a) $BOBA Airdrop: those who held $OMG tokens before the snapshot was taken can now claim their $BOBA tokens at gateway.boba.network

b) Boba flippening Optimism's TVL:
8/ Personal thoughts
• Transactions fees: slightly higher than what is seen on @arbitrum or @optimismPBC (~ $5-7)

• The airdrop was a good way to create hype for network and get people to bridge over to the L2 to get more allocation

• Boba always resonates with us Asians 🧋

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ashton 🦇🔊

Ashton 🦇🔊 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ahboyash

17 Oct
1/ Back in September, @Algorand announced their $300 Million DeFi fund to support the growth of its ecosystem. What that means for us 🦍is another chain to bridge our funds over to ape in!

Here's a quick thread about how to onboard to Algorand 👇

2/ Short background
Algorand was founded by @silviomicali as a Layer 1 blockchain aiming to be scalable and secure to enable a decentralized digital currency and transactions platform.

Read more here:
- algorand.foundation/algorand-proto…
- algorand.com/technology
3/ Wallets
There are 3 notable wallets:
1. Algorand Mobile Wallet
2. My Algo Wallet
3. AlgoSigner

I personally prefer the first wallet due to its clean UI/UX and it is a mobile app, making it convenient to access when I am on the move.

Link to wallet: algorandwallet.com
Read 10 tweets
27 Sep
1/
With crypto experiencing high degree of price fluctuations, it is imperative for protocols to offer safer products for the more risk averse investors.

Enter @templedao, which aims to offer a safe place for DeFi natives to seek refuge against volatility.

An ELI5 thread 👇 Image
2/
TLDR: TempleDAO offers users automated investment pools to stake tokens to earn yield while reducing price fluctuations often seen in high risk crypto coins.

They employ several stability features in order to help stabilize the protocol and ensure investors are protected.
3/
Gap in the market
- Fixed supply of tokens: as more people enter this causes price to rise > early investors start selling which causes price to fall

- Mint 2nd token to incentivize staking: usually a worthless token which causes also causes mass selling

PUMP & DUMP 👎 Image
Read 17 tweets
19 Sep
Creating a repository of threads I have made previously regarding guides on how to onboard to various EVM compatible chains.

With almost every L1/ L2 fighting for supremacy and offering incentives, it pays to be prepared in advance to get into projects before everyone else.

👇
Read 12 tweets
12 Sep
1/ The first EVM-compatible parachain on @kusamanetwork has gone live!

@MoonriverNW offers users a seamless experience through its full Ethereum compatibility and low gas fees.

A guide on how to get started 👇

2/ Add Moonriver to your @MetaMask wallet:
Network: MOVR - Mainnet
RPC: rpc.moonriver.moonbeam.network
Chain ID: 1285
Symbol: MOVR
Block explorer: blockscout.moonriver.moonbeam.network

docs.moonbeam.network/tokens/connect…
3/ Send $MOVR to Metamask for gas fees using CEXs:
a) @krakenfx
b) @kucoincom (minimum 0.1 MOVR withdrawal)

*Ensure that it is the Moonriver network selected upon withdrawal Image
Read 12 tweets
19 Aug
1/ But ser how do I port funds over to @avalancheavax and enjoy the yields??
2/ Option 1: Using Avax Wallet + @binance + @MetaMask.

Create an Avax wallet and take note of the X chain address. Binance only supports withdrawals to the X chain.

wallet.avax.network
3/ Buy AVAX on Binance and withdraw them to your Avax wallet using the X chain.

Once the withdrawal is complete, in the Avax wallet, select ‘Cross Chain’ from the menu to transfer it to the C chain (EVM compatible).
Read 8 tweets
18 Aug
1/ Compiling a list of some tools I find helpful to leverage Twitter more effectively to network, find information, and share content.

Ignoring all the shills and shit posting, there are nuggets of alpha to be unearthed if you follow the right accounts and dig deep enough.

👇
2/ Following too many CT influencers and constantly missing out on some of their tweets on your timeline?

Reduce the clutter by using @TweetDeck for a more focused view. You can add individual users (via columns) to display and view side by side instead of a single timeline.
3/ Cracking your head trying to find an old thread but unable to locate it on a user's profile?

Avoid unnecessary scrolling by using All My Tweets to find up to 3k worth of old tweets in a single page (Ctrl + F to find key words).

allmytweets.net
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Thank you for your support!

Follow Us on Twitter!

:(