ETHY to bETH Bridge Tutorial

You can now transfer your ETHY cross-chain to Binance Smart-Chain.

We have added a new program to the ethereumyield website to allow you to easily convert your ETHY into wrapped bETHY. There is also no weak hand tax when making cross-chain transfers, only a flat rate of 0.05 BNB.

Ethereum Yield on BSC has the symbol: bETHY. Please read below to find out how you can make a cross-chain transfer using the bridge app.

Before we get started

Right now we only support Metamask and you will need to add BSC as new network to your wallet by following the steps below. You will also need around 0.5 BNB on your BSC address – to cover GAS and fees. (You can get BNB from binance.com). You BSC account address must be the same as your Ethereum Address.

Adding BSC to Metamask

First we need to make a small change in our wallet so it can communicate with binance smart chain.

  1. Open Settings > Networks > Add New Network
  1. Add the new network details below:

Details:

Network Name: Binance Smart Chain

New RPC URL: https://bsc-dataseed.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com

Converting ETHY to bETHY

Before your start please ensure your wallet is connected to the Ethereum Main net.

  1. On the Ethereum Yield website open the Bridge application.

  2. Approve the cross-chain transfers. (You don't need to enter an amount yet). Please wait for the transaction to be confirmed before you proceed

  1. Enter the amount you wish to transfer to BSC and click the transfer button. Please wait for the transaction to be confirmed before you proceed

  2. After your transaction is confirmed, open MetaMask and change the underlying chain to Binance Smart Chain.

  3. At the bottom of the bridge window, below "Transit:", you should see your cross-chain record. Click Claim to redeem these tokens on BSC. Please wait for the transaction to be confirmed before you proceed

  4. Your tokens have now been claimed!. Add the bETHY token to your wallet to see your balance. Click: assets > Add token > Custom Token and enter to bETHY contract address: 0x9f08CcF465B898b07f3b2F62227fC571b3c11d76

Converting bETHY to ETHY

This process is similar to the ETHY>bETHY process. Before your start please ensure your wallet is connected to the Binance Smart Chain.

  1. On the Ethereum Yield website open the Bridge application.

  2. Under "Binance Smart Chain" Enter the amount you wish to transfer to back to the Ethereum network and click the transfer button. Please wait for the transaction to be confirmed before you proceed

  3. After your transaction is confirmed, open MetaMask and change the underlying chain to "Ethereum Mainnet"

  4. At the bottom of the bridge window, below "Transit:", you should see your new cross-chain record. Click Claim to redeem these tokens on ETH.

Platform future

Over the coming weeks we will be mirroring our incentivised liquidity farming pools onto BSC. Like on the Ethereum network, projects can be launched with strong community incentives to provide liquidity. Instead of uniswap users will be incentivised to lock pancake LP tokens to create stability.

25% of transfer fees (weak hand-tax) will be diverted to our BSC farming pools. It's our hope that our BSC farming pools can act as a launchpad for future projects.

Currently it's important to note that all transfers on BSC are exempt from the normal weak-hand transfer fee.

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