We’re pleased to remind you of the successful launch of the GraphLinq Bridge, a powerful tool that has been helping users effortlessly move their GLQ tokens between the Ethereum network and the GraphLinq Chain for quite some time. This feature has unlocked numerous possibilities, including faster transactions and lower fees, enhancing the overall experience within the GraphLinq ecosystem.
How to Bridge Your GLQ to the GraphLinq Chain Using the Hub
Bridging your ERC20 tokens to the GLQ Chain on GraphLinq Hub is a straightforward process. Follow these steps to ensure a smooth transaction and get your tokens where they need to be.
Step-by-Step Instructions
- Visit the GraphLinq Hub
- Navigate to the GraphLinq Hub and click on the “Dashboard” button.
- Connect Your Wallet
- Click on “Connect Wallet”.
- Choose the wallet you’d like to transfer funds from.
- Note: If this is your first time swapping crypto onto GraphLinq, you’ll need to send some ETH to cover gas fees for future transactions.
- Initiate the Bridge
- Choose Your Token
- In the “From” field, select the ERC20 token you want to bridge.
- Select Target Crypto
- In the “To” field, select the target cryptocurrency on the GLQ Chain.
- Enter the Amount
- Specify the amount you wish to bridge.
- Send Your Tokens
Important: You may need to approve a few steps in your wallet (e.g., MetaMask 🦊).
That’s it! Your wrapped tokens are on their way to your wallet.
Tips for a Smooth Transaction
- Ensure Sufficient ETH: Make sure you have enough ETH in your wallet to cover gas fees.
- Double-Check Addresses: Always double-check the addresses and amounts before sending.
- Stay Updated: Follow GraphLinq on social media for updates and support.
Future Enhancements
In the near future, you will also have the ability to bridge other tokens onto the GraphLinq mainnet, further expanding the utility of the GraphLinq ecosystem.
Why Bridge to the GraphLinq Chain?
By bridging your GLQ to the GraphLinq Chain, you can enjoy several key benefits:
- Faster Transactions: Experience significantly reduced transaction times compared to the Ethereum network.
- Lower Fees: Benefit from lower gas fees on the GraphLinq Chain.
- Staking Rewards: Earn higher APY for GLQ staking, with up to 17.5% rewards.
- Incentives for Running Graphs: Receive additional incentives for running the GraphLinq engine locally on the mainnet.
Frequently Asked Questions
Do I have to bridge my GLQ to the GraphLinq Mainnet?
No, you can continue to hold your GLQ on the Ethereum or Polygon networks if you prefer. However, bridging to the GraphLinq Chain unlocks higher staking rewards, additional use cases, and other features that will be developed on the mainnet.
How can I bridge my GLQ from the Polygon network to the GraphLinq Chain?
First, use Polygon’s official bridge to convert your GLQ to the Ethereum network, then follow the steps above to bridge to the GraphLinq Chain.
I have my GLQ staked on the GraphLinq App. Do I need to take any action?
Your staked GLQ will be auto-migrated to the GraphLinq Chain mainnet once staking on the new chain goes live. Simply switch to the GraphLinq Chain network, and you’ll find a “Claim” button where you can claim your staked GLQ along with a 10% bonus airdrop. You will need to re-stake your GLQ on the new chain to enjoy the higher APY.
What are the benefits of moving GLQ to the GraphLinq Chain?
Moving to the GraphLinq Chain provides several advantages, including higher staking rewards, incentives for running graphs, and faster transaction speeds with lower fees.
Can I continue to hold the ERC-20 version of GLQ?
Yes, you can continue to hold the ERC-20 version of GLQ. However, you won’t be able to access the exclusive features and benefits of the GraphLinq Chain unless you bridge your tokens to the native GLQ on the GraphLinq Chain.
We are excited to see our community take advantage of the GraphLinq Bridge. If you have any questions or need assistance, please don’t hesitate to reach out.
Take the Leap with GraphLinq Bridge Today!
Don’t miss out on the numerous benefits the GraphLinq Bridge offers. Experience faster transactions, lower fees, and enhanced staking rewards by bridging your GLQ tokens today. Get Started Now
