Wajahat Mughal Profile picture
May 4, 2024 12 tweets 4 min read Read on X
Have been playing around with bridges a little more recently

In this thread I'll cover all the main bridges comparing:
Fees
Time
Asset/Chain support

Here are the best ones! 👇 Image
Below we'll cover:
@Orbiter_Finance @circle @BungeeExchange @AcrossProtocol @wormholecrypto @deBridgeFinance @LayerZero_Labs @SynapseProtocol @squidrouter

I'll also include my preferences when it comes to bridging too

Fees are based on bridging 1 ETH or equivalent in $ value.
Orbiter Finance @Orbiter_Finance

Fees - $3-5 (0.05% + withholding fee)
Time - Sub 30s
Support - Most L2 chains, (not L1's/NonEVM)

Also has no token - points mean prizes! Image
Circle CCTP via Bungee @BungeeExchange

Fees - $1, 0% slippage though!
Time - Slow, always 20-30 mins
Supports - Only USDC but the best way to transfer USDC anywhere!

1 million dollars and next to zero cost, I like this a lot even though it takes 20 mins Image
Across @AcrossProtocol

Fees - sub $1
Time - Quick, usually 1-2 minutes in my experience
Supports - Only 7 EVM chains, not the biggest variety

For a quick bridge not bad + if you use ref links, can make back some fees with ACX rewards Image
Portal (Wormhole) @wormholecrypto

Fees - Almost 0 (not including gas)
Time - Dependent on chain used (can be 10+ mins)
Support - Wide range of chains including Cosmos, Aptos, Sui & Solana

Terrible experience with wrappers.
You have to check if theres liquidity before bridging! Image
deBridge @deBridgeFinance

Fees - $3 + slippage and gas
Time - Sub 30 seconds
Support - Main EVM chains + SOLANA

They also have token swaps across chain too which is a game changer for me!

No token 👀 Image
Stargate (LayerZero) @StargateFinance

Fees - $1-5 + gas
Time - less than 5 mins, sometimes long!
Support - wide range of EVM chains (but not all can transfer between each other which is annoying)

Rarely use this now given fees Image
Synapse @SynapseProtocol

Fees = $1-3, generally a little more slippage than other places
Time - 1-3 mins
Support - does support some niche EVM chains including Canto and Metis.

Not much for me to use and do here Image
Squid Router @squidrouter

Fees - generally pretty good, low
Time - Slow, 30 mins usually for me
Support - The best for Cosmos x EVM by far, the main way I get into/out of cosmos

Main bridge I use for Cosmos eco Image
To summarise my favourites:

For L2 - L2 bridges - @Orbiter_Finance because of low fees and speed

For stables (I use USDC typically) - @circle via @BungeeExchange is my favourite

Solana - @deBridgeFinance, so fast!

Cosmos - @squidrouter, only option Image
Thanks to @cryptoaioli and @563defi for helping with some of these too, good chads, go follow them.

Let me know if theres anything missing? What is your favourite?

• • •

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

Keep Current with Wajahat Mughal

Wajahat Mughal 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 @0xMughal

Sep 6, 2024
In this thread I will show you how to make high double digit yields on your BTC, ETH and Stables.

Welcome back to Farms of The Month - September 2024

Let's dive into 13 different opportunities below 👇 Image
BTC single sided pools on @Chainflip

Something I've recently been exploring, especially with boosted pools which offer single sided, no IL, real yield - currently almost triple digits on $BTC.
Yield comes from those paying extra to 'speed' up their BTC cross chain swaps. 💨 Image
pxETH by @dinero_xyz

With the 2 token staking model, pxETH which doesn't earn the staking yield is heavily incentivised and that offers some great opportunities for you with double digit yields across the board.

Is there a better staked ETH product right now? 👁️ Image
Read 16 tweets
Jul 4, 2024
The market has been dumping and many of you reading this will be sat in some stables and ETH waiting to eventually redeploy.

In the meantime, looking for some opportunities? 📈

Here are 13 different strategies for the month of July 💰

Lets dive in below 👇 Image
See last months farms for some of the opportunities previously available!

Without further a-do, let's go through what we have available this month!

1. pxETH - @redactedcartel

pxETH remains to be one of the highest yielding LSTs in the space today.

Use Uni V3 manager protocols like @ArrakisFinance to handle the management work and earn 15%+ APY with additional $BTRFLY rewards Image
Read 16 tweets
Jun 4, 2024
Wow, almost half way through the year already, time goes fast and so do the juicy yields.

Here is how to take advantage of them with Farms Of The Month - June 2024

The best ETH and Stablecoin farms for you to enjoy this month 👇 Image
Have a look at last months farms for some of the best opportunities, many of which will still have great yields for you to earn from.

Lets jump into this months opportunities with some of them below!

USD3 - RTokens @reserveprotocol

USD3 is a new stable backed by USDC, PYUSD and DAI all of which are in yield generating strategies in AAVE, Compound and DSR.
Due to @reserveprotocol's gov power, $USD3 itself can be incentivised.

Some juicy yields on @CurveFinance & @AerodromeFi Image
Read 11 tweets
Mar 21, 2024
Anchor Protocol was one the most popular DeFi apps last cycle attracting tens of billions of dollars of deposits.

We have a better version now & it's called USDe by @ethena_labs

In this deep dive we will cover everything you need to know it & how it pays a REAL yield of 60% APY Image
In this thread we'll cover:

The issue with stablecoins today
What is Ethena
Where does the yield come from?
Mechanics
USDe v Other stables
Investors
Commonly asked Questions
Wen Token? Airdrop farming
Bull Case
Bear Case
3/ Lets start with the issues we have with stables today

- Fiat backing - Like USDT/USDC
- Not resistent to inflation - Most stables
- Centralisation
- The ones that earn yield are TradFi dependent - Like DAI and FRAX
- Lack of governance
- Peg issues (CDP stables)
- Low yields Image
Read 17 tweets
Nov 13, 2023
Trader Joe pools currently offer massive triple digit yields.

Lets learn about @TraderJoe_xyz liquidity book and how can you benefit! Image
2/ Trader Joe like Uniswap offer concentrated liquidity with the constant sum formula rather than constant product, so that users can define the specific price ranges they want their liquidity to be active within + have zero slippage!

TJ have many other features, lets explore! Image
3/ One of these is its liquidity book which enables zero slippage trades. This is all due to a feature known as liquidity bins.

These are domains of liquidity within a price range that you can customise to your choosing. Image
Read 15 tweets
Oct 29, 2023
Maker DAO v FRAX

Both RWAs, lets compare the two DeFi giants

Which is the best, @MakerDAO or @fraxfinance? Image
2/ What we will cover in this thread:

What are DAI and FRAX?
Backing
Yields + Source
Revenue
Future
FXS v MKR
My Personal Thoughts
3/ Maker and Frax are 2 of the leaders in the DeFi space.

What do they even offer?

Maker offer the $DAI stable coin, an overcollateralised decentralised stable coin.
Frax offer the $FRAX stable coin, a decentralised stale coin + a range of financial products built around it
Read 12 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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(