BETA is live on Stargate
Omni by Beta
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November 29th, 2024

We are excited to announce the integration of BETA on Stargate for Ethereum and BNBChain. Now, BETA users are able to bridge seamlessly between Ethereum Mainnet and BNBChain using the Stargate bridge, powered by Layerzero. The BETA token on Ethereum Mainnet has now integrated the OFTAdapter standard issued by LayerZero. This means that the token being bridged through Stargate on Ethereum Mainnet is the native BETA token. However, for BNBChain there is an OFT wrapper around the native BETA token on BNBChain. This means that in order to bridge the token on BNBChain, users must first convert the native BETA token on BNBChain to the OFT token, compatible with Stargate. The guide below outlines the steps to take for bridging from BNBChain to Ethereum Mainnet and from Ethereum Mainnet to BNBChain.

The existing native BETA token on BNBChain will continue to be used for collateral deposits and staking for stkBETA. Additionally, exchanges such as Binance accepts Ethereum deposits for BETA and MEXC, Bitget, and more accept deposits for both Ethereum and BNBChain. The Stargate bridge now provides a way for users to permissionlessly bridge between BNBChain and Ethereum Mainnet.

Bridge from BNBChain to Ethereum

To bridge from BNBChain to Ethereum, we will need to convert the native BETA token on BNBChain to the OFT version, and then use Stargate to bridge to Ethereum to receive the native BETA token on Ethereum.

1. Obtain the native BETA token on BNBChain, and navigate to the “Convert” page on https://app.betafinance.org. If you have a non-zero balance the UI will automatically detect how much BETA you have. Click on the Green arrow in the center to toggle between switching from native BETA to the OFT.

Go to the Convert page on https://app.betafinance.org
Go to the Convert page on https://app.betafinance.org

2. Enter the amount of tokens you would like to convert to the BetaOFT to bridge to Ethereum through Stargate. Click “Approve BETA” if you have not already approved the necessary amount before in order to proceed with the conversion.

Approve BETA for converting to the OFT
Approve BETA for converting to the OFT

3. Once the required token approvals are complete, you are now able to execute the convert transaction to deposit the native BETA token for the BetaOFT token.

Execute the transaction to convert from the native token to the OFT.
Execute the transaction to convert from the native token to the OFT.

4. Now that you have obtained the BetaOFT token, head over to Stargate and select BETA to bridge from BNBChain to Ethereum. Execute the necessary transactions on Stargate to initiate the bridging.

Bridge from BNBChain to Ethereum and receive native BETA on Ethereum through Stargate.
Bridge from BNBChain to Ethereum and receive native BETA on Ethereum through Stargate.

5. You’re all set! Stargate relayers will automatically deposit the native BETA token on Ethereum into your wallet after a few minutes.

Bridge from Ethereum to BNBChain

To bridge from Ethereum Mainnet to BNBChain, you will first go to Stargate and then receive the OFT token on BNBChain. You will then need to convert the OFT token to the native token on BNBChain. Then you are able to directly use the native BETA on BNBChain for staking or as collateral on Omni!

1. Go to Stargate to bridge the native BETA on Ethereum to BNBChain. Stargate will send you the BetaOFT token on BNBChain as a result of bridging.

Bridge from Ethereum Mainnet to BNBChain using Stargate first.
Bridge from Ethereum Mainnet to BNBChain using Stargate first.

2. After a few minutes, you should receive the BetaOFT tokens on BNBChain. Head over to the convert page on https://app.betafinance.org.

Head to the convert page after you have bridged on Stargate. Tokens will arrive a few minutes after the bridge transfer has been initiated.
Head to the convert page after you have bridged on Stargate. Tokens will arrive a few minutes after the bridge transfer has been initiated.

3. Click the Green arrow in the center to toggle the conversion to switch from the the OFT to native BETA. Enter the amount of the OFT you would like to convert to the native BETA. Approve the OFT tokens if you haven’t already for conversion to the native BETA.

Click the green arrow to toggle the conversion, and approve tokens if you haven't already.
Click the green arrow to toggle the conversion, and approve tokens if you haven't already.

4. Execute the convert transaction to obtain the native BETA. You’re all set now to deposit BETA on Omni as collateral or into the staking module!

Execute the transaction to convert from the OFT to the native BETA token on BNBChain.
Execute the transaction to convert from the OFT to the native BETA token on BNBChain.

Coming Next

We will be announcing our updated road map for 2025 in the near future. Be on the look out for what’s to come for BETA! Happy Holidays!

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