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Why use the rhino bridge in comparison with different DeFi bridges?
You may presently bridge with rhino.fi to all main L2s together with Polygon POS, Polygon zkEVM, Arbitrum, Optimism and zkSync Period. With extra L2s to launch quickly!
Use instances embrace the next – Pace, privateness, value, collating tokens earlier than bridging, excessive bridging liquidity.
1) Pace
Withdrawals on rhino.fi are nearly prompt. If it’s essential transfer shortly between chains for arbitrage, airdrop searching, yield farming or apeing, then that is the bridge for you. Over 140,000 customers have used the rhino.fi-zkSync Period bridge since launch.
Different DeFi bridges can take between half-hour to 24 hours to maneuver your funds between chains, typically with little or no visibility within the interim. Even the quickest of DeFi bridges usually are not as quick because the rhino.fi bridge.
2) Price
rhino.fi is without doubt one of the finest worth for cash bridges in DeFi for bridging between main Layer 2s. The one exception is withdrawals to Ethereum mainnet – causes for which we are going to go into beneath.
The present rhino bridge charge schedule will be discovered right here.
The rhino bridge charges cowl the next
Gasoline charges on the vacation spot chain for the good contract interactions. Liquidity Supplier charges for borrowing a variety of tokens on all of the totally different chains that the rhino bridge helps (socialization). LP charges on chains corresponding to Optimism and Arbitrum are larger as a result of 7 day native withdrawal value.rhino.fi platform layer 2 infrastructure prices.
Withdrawal prices to Ethereum mainnet are larger, because the withdrawal service to Ethereum mainnet is de facto solely meant to service massive customers shifting massive quantities of funds. Ethereum gasoline prices are so excessive that the chain is de facto not a pleasant chain for many customers, which is why it’s at all times finest to conduct exercise on cheaper rollups corresponding to Arbitrum, Optimism, Period and Polygon zkEVM
3) Withdraw to any tackle (Informal Privateness)
For Ethereum mainnet withdrawals you’ll be able to choose a distinct vacation spot tackle to the tackle you deposited from. This can be a useful gizmo to assist protect your privateness – ‘informal privateness’.
For the time being, you’ll be able to withdraw to different L2s (e.g. Arbitrum, Optimism and so forth.) utilizing the identical tackle that you just deposited from. However a easy workaround is to make use of the rhino ‘inside switch’ (‘Ship’) function to ship your funds to a different rhino.fi account/tackle earlier than withdrawing.
4) Accumulate all of your funds in a single place earlier than withdrawing
Do you will have funds on plenty of chains that it’s essential bridge to at least one place? You may deposit your tokens from their supply chains to your rhino.fi account, after which withdraw multi function go – saving you time, and withdrawal charges.
As an added additional, you’ll be able to swap your tokens on rhino gas-free as soon as they’re deposited to rhino.fi, earlier than you withdraw to a different chain.
This can be a distinctive service that’s one thing that solely rhino.fi affords. No different DeFi bridge permits you to do that!
5) Bridge Liquidity & Withdrawal Limits
The rhino.fi bridge has among the finest liquidity in DeFi, and liquidity is continually topped up.
Some bridges restrict the quantity you can bridge in a single go to small quantities (e.g. underneath just a few ETH) and a few bridges are so sluggish to rebalance/top-up that they de-facto restrict you. On the flip facet, a centralized alternate may freeze your account or delay your withdrawal if you happen to attempt to bridge between chains. rhino.fi solves all of those points!
rhino.fi additionally permits you to withdraw as much as one third of the whole quantity of liquidity held in a rhino bridge contract at anyone time. To place that into perspective, there’s usually over $4m of ETH, USDT, USDC and different tokens obtainable at anyone time within the rhino Ethereum mainnet bridge good contract alone.
This liquidity within the rhino bridge good contracts can also be shortly rebalanced (every time doable) to guarantee that the bridge good contracts on different chains are continuously topped up. Total there’s $6m serving the super-fast rhino.fi bridges at anyone time – an unequalled quantity of long run & sustainable liquidity, that can also be not funded by inflationary rewards.
Use the rhino.fi cross-chain DeFi bridge.
Be a part of the rhino Discord to share your suggestions and ask any questions.
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