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…

Sorry to hear this happened to you. Jacek tried to fix it and took responsibility for the loss of funds by user. Hopefully this problem can be resolved as soon asap. And thank you for warning us about this, so that we can be more careful when we want to do a bridge. 35 $DEGEN

We’ve made a Degen Bridge Claim Form for those who lost funds bridging from Degen Chain to Base. Bridging should be 1:1, so gather your transaction hashes and amounts to get refunded. Sorry for the hassle—your funds shouldn’t be lost over simple bridging! https://gz2b1hncupx.typeform.com/to/bhFzCnh4

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