The bridge smart contracts have relayers which listen out for events on the mainnet side of the bridge.MetaMask interacts with the bridge smart contracts which lock the DAI tokens on mainnet.Initiate a bridge transfer and approve the required MetaMask transactions.It has been granted certain privileges to be able to create exact copies of an incoming token onto the other network using registered smart contracts, while simultaneously preventing use of that same token on the originating side.įor example, say you’re looking to transfer a DAI token that’s been minted on mainnet. The bridge works by acting as an intermediary between mainnet and Palm, with technology provided by ChainSafe’s ChainBridge. Once NFTs are issued on the Palm Network, users can also use the bridge to transfer supported NFTs to Ethereum mainnet (and back to Palm). The Palm Token Bridge enables users with supported crypto assets on Ethereum mainnet to transfer those assets to the Palm Network, and vice versa. Different marketplaces on Palm may support different fiat onramp providers.) Welcome to the Palm Token Bridge (Wyre, our partner for buying DAI directly on the Palm Network, does not operate in every state or country. Note: if you prefer, you can always buy tokens directly on the Palm Network with fiat, via your bank card or credit card, or through Apple Pay. Similarly, maybe you’ve sold an NFT on Palm, and want to take your DAI back to mainnet.
#PALM NOTE STUDIO PLUS#
You will receive an equivalent amount of your supported asset on Palm, plus a top up of free PALM to pay gas fees on the Palm network (as applicable). Using, we’ll help you send supported tokens to the bridge contract on Ethereum. If you’re looking to move any of these digital assets onto Palm, the bridge is an easy option. We are adding support for additional ERC-20 tokens relating to the NFT ecosystem (such as USDC, wETH and MEME) and NFTs rapidly.
From day one, it will support the movement of DAI tokens, as well as select NFTs. We’ve connected the two chains by a bridge that facilitates the movement of tokens.įor the Palm bridge, we built on top of Chainsafe’s Chainbridge implementation.
This means assets that exist on Palm are compatible with Ethereum, and vice versa.