$DEGEN

Careful When Using Degen Chain Bridge

Or How I Lost 785,000 DEGEN Bridging from Degen Chain to Base 🤦‍♂️

A thread 🧵⬇️

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1/ Today, I wanted to increase my amount of locked DEGEN in the Vault, so I bridged 900k DEGEN (in 2 transactions) from Degen Chain to Base. I received only about 115k DEGEN back on Base.

When I realized what happened, I was confused by two things:

1. Firstly, the amount I received was much lower than I expected (an 87% slippage!!!)

2. Secondly, the bridge transaction concluded in a few minutes, even though the Degen Chain Bridge UI states it’s going to take 7 days.

Let’s investigate further what happened…

so what's not clear in the thread is how to use the canonical bridge that doesn't first swap to eth.... that's the solution right

Full-stack web3 developer, learn more about my projects here: https://github.com/tempe-techie 

The bridge provider was aware of the issue last week and was working on a fix, but your bridging happened before their fix went live. Sincerely sorry that you were bitten by this bug. Will surface it to them.

Yeah, I don't think it's possible to use the canonical bridge (which doesn't swap to ETH) at this moment.

It seems like it's a bug that has been know since last week, but hasn't been fixed yet (also no warning about the bug placed either 🙃):

Code is my canvas  | AI art IS art | the future of art is not set in stone | Uriel Avalos | linktr.ee/robotandkid

ok good to know was thinking of moving some funds but will hold off for now

Yeah, I don't think it's possible to use the canonical bridge (which doesn't swap to ETH) at this moment.

It seems like it's a bug that has been know since last week, but hasn't been fixed yet (also no warning about the bug placed either 🙃):

https://warpcast.com/will/0x6d01aee3