DeFi Voyage: Wave 2 Bridging and On-ramps

Wave 2 of Line DeFi Voyage will bring to users how to bridge directly to Linea Using Bridging and the risk might be occur when doing it. It also have some task for users to actively learning how to bride with a small amount of ETH.

Wave 2 Timeline and Point

  • Duratioon: Start: Nov 14, 7:00 PM | End: Nov 22, 7:00 PM

  • Point: 270

  • Link to join: Wave 2

Knowledge to obtain

Bridging Blockchain Networks!

Bridging is one of the components that help Ethereum more efficiently handle a higher volume of activity, while also connecting Ethereum with other blockchains.

Blockchain networks exist as parallel universes. They are typically unaware of each other—Bitcoin, Ethereum, and Linea, for example, are all separate blockchains. So that begs the question, “How do you get things from one chain to another?”

Enter, blockchain bridges. As the name suggests, bridges connect separate networks, allowing you to move tokens from one network to another. Without them, each network would remain isolated.

Learn more with MetaMask

A Comprehensive Guide to Layer 2 Onramps

To take full advantage of any web3 use cases, you need digital assets that exist on a blockchain. Onramps are services that help you convert your fiat currency, say US dollars in your bank account, into crypto on a blockchain.

Think of onramps as the pathway you would take to transition from a local road on to a highway when traveling. The onramps services are the pathway that connects your fiat money to the highway of digital assets.

In the context of L2s, on-ramps refers to the process of moving assets from a Layer 1 such as Ethereum to an L2 and is known as bridging.

The Risks of Bridging

Understanding the risks associated with bridging and on-ramps is crucial before one engages with the activities on an L2.

Key risks include smart contract bugs that hackers can exploit and get ahold of your funds; centralization, since many DeFi platforms and some L2s are build, run, and controlled by small set of validator/parties; liquidity risks that may make it difficult to sell or exchange some tokens at their market value.

To protect yourself against these risks, you can use trusted DeFi platforms and companies that have proven themselves over the years. You can also use a variety of platforms and investments to spread your risk in case of hacks, dropping values, or malicious teams.

More details will be discuss in the Linea Official Mirror

Bridging and On-Ramps on Linea
Bridging and On-Ramps on Linea

Tasks to do

Core task

Bridge at least $25 worth of ETH token from another network to Linea, on any listed bridge partner dapp.

  • Point: 100
Bridging on Rubic
Bridging on Rubic

Here's a concise step-by-step guide:

  1. Choose a partner bridge platform and click "Continue."

  2. Watch a walkthrough video to learn how to use the app for bridging.

  3. Click "Bridge Now" to access the app.

  4. Select a source network (excluding Linea) where you have at least $25 worth of ETH tokens. Choose ETH as the token to bridge.

  5. Choose Linea as the destination network and select ETH as the destination token.

  6. Complete the bridging process as guided by the app.

  7. Note that certain transactions are not valid, such as cross-chain swaps involving WeTH from Arb to USDC on Linea or conversions between ETH and wETH.

  8. Once the bridge is completed, return to the platform and click "Start Verification."

  9. Wait for the verification process to finish.

Users can join one of the accepted bridges to finish the task

Bonus Task

  1. Bridge at least $25 worth of ETH from another network to Linea

    Point: 25

    You need to bridge at least $25 worth of ETH from a network other than Linea to Linea using different bridge platforms. You can use a maximum of 5 different bridge partners, and each new partner you use will earn you 5XP. The bridge partner mentioned in the core task will not be counted for this XP collection.

  2. Bridge more than $500 worth of ETH in a single transaction to Linea.

    Point: 50

  3. Bridge a total of $1000 worth of ETH onto Linea

    Point: 75

  4. Review your favorite dapp of the Bridge wave on DappSheriff

    Point: 20

    Link to review: DappSheriff

Wave 2 of Linea DeFi is focused on Bridging and On-Ramps. We aim to provide users with more knowledge about bridging and help them make informed decisions when choosing reliable bridges with low fees.

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