Moving funds to Polygon(Formerly Matic)
Guide to transferring tokens from Ethereum to Polygon using Zapper Bridge
Last updated
Guide to transferring tokens from Ethereum to Polygon using Zapper Bridge
Last updated
In order to improve speed and transaction costs for users; Augur was built on the Polygon network. To use Augur Turbo you will first need to bridge some USDC (used for betting) over to the Polygon network. The easiest way to do this is using the zapper.fi bridge feature.
Watch the video or follow the steps below.
First head over to zapper.fi and click Connect Wallet.
Select either MetaMask or WalletConnect. Currently Augur Turbo only supports these two wallets for now.
Now your wallet is successfully connected, you can go to the Bridge section.
In this instance we're going to bridge from Ethereum to Polygon. Be sure you have Ethereum set as the input network and select Polygon as the output network.
You can also bridge from Binance Smart Chain to Polygon - Just use BSC as the input network.
Choose any token you have from the top token dropdown and make sure to select USDC on the bottom token dropdown. Zapper will swap your token to USDC before bridging. In this case we're going to swap ETH for USDC and bridge this to Polygon in one action.
Click Approve and/or Confirm. The approval is required if you're sending a token other than ETH, whereas ETH requires a single transaction. This approval is to allow the contract to spend your asset. Make sure you have enough ETH in your wallet to pay the gas fees.
After signing the transaction in your wallet It will take roughly 7-10 minutes for the bridging process to complete. You can monitor the status of your transaction by watching the notifications in the bottom right corner. It should follow the order below.
To confirm the above steps were successful, go over to wallet.matic.network.
First you'll need to login with your wallet
Your USDC funds should show up below and hopefully a small amount of MATIC token.
You should receive 0.001 MATIC Token for depositing a token via the bridge - a small subsidy from the Polygon Foundation. This will be plenty to get you started. If for some reason it doesn't show up, go to wallet.matic.network, be sure it's connected to the MATIC Mainnet, and connect your wallet for the first time and you should receive 0.001 MATIC Token immediately. MATIC is used to pay transaction fees - like ETH on Ethereum but at a fraction of the cost.
To receive more MATIC Token you can faucet a small amount at matic.supply. There are daily limitations to how much you can get and each time it only give 0.001 MATIC which is enough for a 100 basic transactions on Polygon network.
Use QuickSwap, ComethSwap, or ParaSwap if you want to swap a token for larger amounts of MATIC.
You’ll need to setup the Matic Network on your Metamask or WalletConnect wallet to view Polygon assets. This should be a quick one step process which we'll go through in the next part.
