Metamask Bridge is a recent innovation on Metamask Mobile
It connects DeFi platforms on Ethereum to DeFi platforms on Binance Smart Chain.
This means the two largest dexs in Cryptocurrency Uniswap and Pancakeswap are connected and the opportunities exist for profit via arbitrage when ever price differentials are great enough to surpass gas fees on each side and generate a profit.
It multi step for sure...
Check asset prices on each exchange
Detect significant price differential
Buy on one side, sell on the other side...
Buy ERC, trade for Eth, send to Metamask, wrap as BEP, send to Binance Smart Chain, buy corresponding asset and profit due to price differential.
The bridge facilitates safe transfer and wrapping in one step, you just do the buying and selling of assets
For a gamer, or Yield farmer this multi-step process is a fun challenge with real gold at the end as your reward.
For others it’s a process which can replicated and potentially automated with a bit, if you have that talent, using a oracle for price monitoring of potentially a limited number of tokens for sale in both exchanges.
Earn money in your sleep with a bot or wide awake manually.
Last Words
Learn to understand wrapping, cross chain trading, arbitrage, these are all in my articles.
Learn, Earn, Prosper...
Penned with my hand.
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance, where finance meets technology.
hello @shortsegments ,
now that you mention it I noticed several changes in Metamask that the truth seems to me very good, that tells me that this platform is innovating to provide a better service, for now I'm interested in Metamask for the NTF but the time will come to start with the Defi, thanks for the input
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for your comment. I share your experience, they are an innovative company with good customer support.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So, you still have to do a large trade to not be destroyed with gas fees? It is good to have such feature, but Ethereum DeFi still remains unusable for a wider audience.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good question, you get a discount on gas fees if you use this bridge... I am unsure how, but it says discounted 100% when you are going through the steps. You eventually pay, but it’s very small.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would also like to understand it like you :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit