Content
@
https://warpcast.com/~/channel/degentokenbase
0 reply
0 recast
0 reaction
Tempe Techie
@tempetechie.eth
Careful When Using Degen Chain Bridge Or How I Lost 785,000 DEGEN Bridging from Degen Chain to Base 🤦♂️ A thread 🧵⬇️
47 replies
20 recasts
79 reactions
Tempe Techie
@tempetechie.eth
1/ Today, I wanted to increase my amount of locked DEGEN in the Vault, so I bridged 900k DEGEN (in 2 transactions) from Degen Chain to Base. I received only about 115k DEGEN back on Base. When I realized what happened, I was confused by two things: 1. Firstly, the amount I received was much lower than I expected (an 87% slippage!!!) 2. Secondly, the bridge transaction concluded in a few minutes, even though the Degen Chain Bridge UI states it’s going to take 7 days. Let’s investigate further what happened…
6 replies
0 recast
8 reactions
Tempe Techie
@tempetechie.eth
2/ If you go to the Degen Chain Bridge website (https://bridge.degen.tips/) and prepare a DEGEN bridge transaction from Degen Chain to Base, you will notice the vast difference between the sending and receiving values (in this example, 90k DEGEN vs 38k DEGEN):
1 reply
0 recast
5 reactions
Sinaver Idrisov
@sinaver.eth
cc: @tusharsoni.eth maybe @paywithglide will be affected as well, in case someone pays with degen and you need to periodically bridge and swap it
1 reply
0 recast
1 reaction
gabedev🎩
@gabedev.eth
Sorry man! 💔
0 reply
0 recast
1 reaction
XBorn ID
@xbornid.eth
Sorry to hear this happened to you. Jacek tried to fix it and took responsibility for the loss of funds by user. Hopefully this problem can be resolved as soon asap. And thank you for warning us about this, so that we can be more careful when we want to do a bridge. 35 $DEGEN
2 replies
0 recast
0 reaction
Robotandkid
@robotandkid
so what's not clear in the thread is how to use the canonical bridge that doesn't first swap to eth.... that's the solution right
1 reply
0 recast
1 reaction
FlexasaurusRex -◨-◨
@flexasaurusrex
Man so sorry to read this, sorry for your loss 🥲
0 reply
0 recast
1 reaction
