bridge-from-ethereum-to-mode-network-step-by-step-guide

Bridge from Ethereum to Mode Network: Step-by-Step Guide

Bridge from Ethereum to Mode Network: Step-by-Step Guide

Sharad Jaiswal

Product

3

min read

Apr 14, 2024

The world of DeFi (Decentralised Finance) is a bustling ecosystem teeming with innovation. But with this innovation comes a challenge: fragmentation across different blockchains. Thankfully, bridges have emerged as the solution, allowing seamless transfer of assets between these networks.

In this blog, we'll delve into bridging between Ethereum and Mode, a high-throughput, secure blockchain platform. We'll provide a step-by-step guide and explore why tanX.fi, a cutting-edge cross-chain orderbook DEX, is the ideal platform for this task.


Understanding the Landscape: Ethereum and Mode


Ethereum- Ethereum, launched in 2015, is the pioneer of smart contracts, self-executing contracts that power DeFi applications. While robust and secure, Ethereum can suffer from scalability issues, leading to high transaction fees and slow processing times.


Mode- Mode addresses these limitations. It's a blockchain platform designed for high-throughput transactions and low fees, making it ideal for scaling DeFi applications.


Why Bridge Between Ethereum and Mode Network?

Here's why bridging between these two blockchains can be advantageous:

  • Access to Diverse DeFi Applications: Mode fosters a vibrant DeFi ecosystem with innovative projects. Bridging allows you to tap into these opportunities while leveraging Ethereum's established security.

  • Lower Transaction Fees: Escape Ethereum's gas fees and enjoy the cost-effectiveness of Mode for frequent DeFi interactions.

  • Faster Transactions: Experience quicker transaction processing times on the Mode network, streamlining your DeFi activities.


Why Use tanX.fi for Bridging?

Now, let's explore why tanX.fi shines as your bridge between Ethereum and Mode Network:

  • Seamless Cross-Chain Swaps: tanX.fi, a cross-chain orderbook DEX, facilitates effortless asset swaps between Ethereum and Mode Network.

  • Instant and Gasless: Say goodbye to waiting and hefty gas fees! tanX.fi boasts instant and gasless transactions, making bridging a smooth and cost-effective experience.

  • Trustless and Secure: tanX.fi prioritises security. You retain custody of your assets throughout the bridging process, eliminating the risk of centralised control.


Bridge from Ethereum Network to Mode Network on tanX

First, you have to add your asset to tanX from your desired network. Here, we are taking the example of the Ethereum Network.

  • Step 1: Connect your wallet: tanX integrates with popular wallets like MetaMask and WalletConnect. To initiate the process, visit the tanX trade website and click on the "Connect Wallet" button. Select your preferred wallet provider from the available options.

Note: If this is the first time you are depositing from your wallet or if you haven’t set up a custom spend limit in Metamask, Metamask will ask you to set it up first, and then let you continue the process.


  • Step 2: Click on Wallet Section and click on Deposit.


  • Step 3: Select the Ethereum network, choose the asset you want to deposit and verify yourself.


  • Step 4: Enter the amount you would like to deposit in the amount section. Click Confirm Deposit.


  • Step 5: Metamask will request your permission to transfer the funds, click Confirm.


  • Step 6: Congratulations! Your deposit has been initiated. There might be a waiting period for the transaction to be completed, and you will be notified via the notification icon in the top right corner.

Note: To check the status of your deposit, you can either click on Track Deposit or go to the History section from the left side menu and check under Deposits.


  • Step 7: Once you successfully deposit your asset from your desired network then it’s time to bridge it to Mode Network.



  • Step 8: Log in to trade.tanx.fi, go to the Wallet section on the left side and click on Withdraw in the right corner of the screen.


  • Step 9: Choose Mode from the network list. If it is your first time withdrawing on tanX, a pop-up will appear guiding you through the process.


  • Step 10: Choose the asset you wish to withdraw. Enter the amount you would like to withdraw. Click Withdraw. Reconfirm the transaction in another pop-up. Note: Once you confirm the transaction, you can’t cancel it.


  • Step 11: The withdrawal has been initiated; please wait for the said duration. You will be notified once the withdrawal has been completed via the notification icon in the top right corner.


You have successfully bridged from Ethereum to Mode Network. To check your withdrawal status, go to the History tab and check under Fast Withdrawals.


tanX fi: Your Gateway to a Broader DeFi Horizon


tanX.fi removes the complexities of bridging between Ethereum and Mode. With its instant, gasless, secure, and user-friendly approach, tanX.fi empowers you to explore the vast potential of DeFi across these two blockchains. Ready to unlock the possibilities? Bridge your funds from Ethereum to Mode on tanX today.


Disclaimer: This blog post is intended for informational purposes only and should not be construed as financial advice. By following these steps, you should be able to seamlessly bridge from Ethereum Network to Mode network your wallet. tanX's innovative features and commitment to user experience make it a compelling choice for traders of all levels. With its secure, gas-fee-free environment, tanX empowers you to trade your digital assets with confidence. Please conduct your own research before making any investment decisions.

Get Started with trading on the world's leading insto DEX right away!

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Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

Does tanX charge deposit fee?

Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

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tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.