BAKED multi-chain by its nature — How to Swap between Ethereum <>Polygon

Published on: 01.11.2021

Among the early decisions, they have strategically taken has been that reBaked will be multi-chain. Multi-chain because communities of developers among different ecosystems have been in the epicenter of their value proposition — and those are bringing value to the stakeholders of the growing reBaked ecosystem.

Polygon has been among the early projects we will extend support.

Please note that all important functions for the RBKD protocol-such as staking your tokens, will be available also on MATIC Network.

One of the main advantages Polygon provides is the ability to fully benefit from Ethereum’s network effects, such as community activity and technological diversity. Polygon is also inherently more secure and considerably more open and robust in terms of transaction throughput.

Given that it is both a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, it allows for the one-click deployment of preset blockchain networks. This versatility allows developers to grow sets of modules to launch custom networks. Both the built-in interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks and the modular and optional “security as a service” make Polygon inherently more user-oriented. At the same time, the network’s adaptor modules for interoperability for existing blockchain networks provide cross-chain compatibility.

reBaked has decided to partner with Polygon because it combines the best of Ethereum and it is built by developers, for developers in the best spirit of the fair launch — our core values

Here is a guide on how to swap your tokens Ethereum <>Polygon

Matic PoS Bridge

Head over to the Matic Bridge and connect your wallet either using

💥Metamask

💥WalletConnect

💥WalletLink

You’ll see the direction of transfer is initially Ethereum to Polygon.

In order to bridge tokens from Polygon to Ethereum, you will need to click the Withdraw button

The PoS Bridge — which takes 3 hours to withdraw.

💥Select the $BAKED token which has been whitelisted in the official bridge. Then enter the amount to withdraw or click MAX to select all in your wallet.

💥Official BAKED Contract Address

https://etherscan.io/token/0xa4cb0dce4849bdcad2d553e9e68644cf40e26cce

💥Click Transfer and you’ll be presented with an overview.

💥Click Continue and you’ll be presented with the confirmation screen.

💥Confirm the transaction in your wallet. The transaction cost for this transfer is almost negligible.

💥The bridge will show you the transfer progress.

💥Complete the withdrawal by signing the final transaction and you should receive your tokens on Ethereum.

💥For assistance or help, please reach out to our friendly community moderators

💥Complete the withdrawal by signing the final transaction and you should receive your tokens on Ethereum.

💥Complete the withdrawal by signing the final transaction and you should receive your tokens on Ethereum.

SOURCE: https://medium.com/rebakedinc/baked-multi-chain-by-its-nature-how-to-swap-between-ethereum-polygon-b0466d79ad5c

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