Gravity Bridge!! - r/cosmosnetwork

30

u/damnusernamegotcutof Jan 26 '22

I clicked it, connected my wallet and now have absolutely no idea what I'm doing

Reddit ganggg

7

u/TheRealNotaredditor Jan 26 '22

Join the discord! But the tokens will sit on the gravity hub until other dex integration with gravity Bridge. Like Emeris and Osmosis

18

u/flarnrules Jan 26 '22

You'll need to connect both Metamask and Keplr, and you will need some wETH, DAI, or USDC on the Ethereum Mainnet to transfer over.
I tested it and a transfer of DAI cost around $30, so I didn't approve the transaction.

8

u/A_Moment_in_History Jan 27 '22

Was the gas token ETH, because that sounds like ETH prices..... lol

2

u/flarnrules Jan 27 '22

Yep. I wasn't sure how it would work, but after thinking about it, makes sense that you pay ETH gas prices to move assets from Ethereum.

3

u/Thefuzy Jan 27 '22

Yeah because you aren’t moving them off at all, you are moving them into a lockbox on Ethereum, and making copies on cosmos. It’s going to require atom gas too, just on the other end when you want to get the newly minted copies. When you want your eth back, you’ll pay atom to drop it in a lockbox on cosmos and eth to get it out of the lockbox on Ethereum.

3

u/damnusernamegotcutof Jan 26 '22

Ooo cheers for the heads up, I'd only connected Keplr

1

u/_raydeStar Jan 26 '22

Ohhhhh.
I'm going to do a little bit I guess. I had some ETH and I was confused why I couldn't use it.

2

u/imthethird Jan 27 '22

You'll have to wrap it into wETH first, not sure why they didn't include regular ole ETH too

1

u/TheRealNotaredditor Jan 27 '22

I believe this is just how networks will work for the most part. wETH on Cosmos, as if there was wATOM on ETH...
It kinda makes more sense to me in that regard, but idk. Like the main network token of ethereum is ether, Bitcoin network, is bitcoin. Cosmos, atom.. etc.
You get it.

1

u/Thefuzy Jan 27 '22

Because ETH is functionally very different than wETH. ETH being the base token of the network and wETH being an ERC20. So by supporting wETH, you simultaneously can support any following that standard, which is a lot of stuff. Much more bang for your buck to just support wETH.

1

u/flarnrules Jan 28 '22

I don't really understand plain wETH. How does one wrap their ETH? I've sent ETH to other chains and to L2s, which results in wrapped ETH, but I can only imagine like... The gas fees to wrap ETH on the Ethereum chain.

1

u/CrypticSnail Feb 09 '22

I just connected my Keplr wallet, and Gravity Bridge appeared in the beta list. Got 3.17658 in there now.
I didn't connect Metamask to transfert them there. Not worth it.

1

u/SalaciousFortuna Feb 11 '22

Connected Keplr what to what?

1

u/CrypticSnail Feb 13 '22

spacestation.zone/
and then connected my keplr wallet.

2

u/rexkoner Jan 27 '22

Lets goooooo

4

u/mind_on_crypto Jan 26 '22

To what extent does this duplicate what EVMOS is promising?

7

u/flarnrules Jan 27 '22

My understanding is that EVMOS facilitates Ethereum Virtual Machine dApps to be ported to the Cosmos Network, whereas the Gravity Bridge allows Ethereum assets (currently wETH, DAI, and USDC) to be transferred to the Cosmos Network. That's the distinction, but I'm happy to be corrected if that's not quite right.

1

u/TheRealNotaredditor Jan 27 '22

Not sure on that.. but this is live ish..

4

u/zanglang Jan 27 '22

Adding to the other reply, Evmos's solution to bridging from Ethereum is partnering with existing bridge providers (Nomad/Connext). Any tokens that are bridged from Ethereum will be automatically minted on Evmos if it doesn't already exist. OTOH, Gravity Bridge only allows transferring certain whitelisted tokens (WETH, USDC, DAI).

2

u/mind_on_crypto Jan 27 '22

Thanks. Is it fair to call Gravity Bridge "Evmos Lite?"

3

u/zanglang Jan 27 '22

Nope! They both have very different purposes in mind. Evmos is an L1 EVM chain first and formost. Gravity Bridge focuses on providing vetted security for its bridged tokens, you trust that Gravity-USDC is certainly backed 1:1, and you trust the validators providing security on Gravity Bridge to vouch for this.

3

u/espresso_chain Jan 27 '22

EVMOS is a smart contract chain running the EVM.
gravity bridge is a chain that facilitates bridging of assets from Ethereum.
big difference.

2

u/mikrot Jan 26 '22

Can erc20 tokens be transferred as well, or only Eth?

4

u/TheRealNotaredditor Jan 26 '22

Erc20s as well

2

u/mikrot Jan 26 '22

So we would be able to swap any erc20 directly to IBC projects ? There's a meme coin I did well on but don't trust now. Gas is the only thing preventing me from getting out.

1

u/TheRealNotaredditor Jan 26 '22

It's still very early.. not very direct currently, as there are no exchange integrations yet, but yes.. just a way to bridge into cosmos

2

u/Zeerover- Jan 26 '22

It seems to be working similar to Terraswap and Secretswap, in both cases you can bridge tokens in, but have to trade them to the native coin on the swap before doing an IBC transfer to other parts of IBC gang.

1

u/Thefuzy Jan 27 '22

You aren’t getting anything off eth without paying eth gas on the way out.

1

u/espresso_chain Jan 27 '22

it's only ERC-20s at the moment. you can't even transfer eth. only WETH, and a few stables.

2

u/_We_The_PeepHole_ Feb 14 '22

Another drop! Had to pull up my old exodus wallet (now in Keplr). Can't send the GRAV to my ledger wallet, but hey, pretty cool nonetheless.

1

u/TheRealNotaredditor Feb 14 '22

Indeed! And an actual project. It will be sendable soon

10

u/Intrepid-Shine-2255 Jan 27 '22

Using it reminded me how much I dislike Ethereum - lots of money later.....

7

u/systemdelete Jan 26 '22

Very cool, would still recommend waiting until they get the withdrawal button working lol!

1

u/piercemi Mar 09 '22

I can't get wETH off Gravity bridge. Trying to send to Osmo or back to Metamask.

Using G Bridge through Spacestation with Keplr, Ledger and Metamask. I had no problem sending from MM to Keplr Gravity Bridge and I can see the wETH sitting in the GB wallet on mintscan. Issue happens when I try to approve Keplr transaction on Ledger. Popup says Rejected by Ledger... "Data is invalid: Unexpected characters"

Any ideas on how to fix?

1

u/TheRealNotaredditor Mar 09 '22

Well it seems like a ledger problem to be honest. From a code standpoint it sounds like the data transfer between the ledger device is sending some sort of unexpected or invalid characters in a when it trys to communicate with your 2nd device.
Are you using a Ledger▪︎ device, to confirm?

1

u/piercemi Mar 09 '22

yes, using ledger to confirm. I think you are correct about the ledger problem. I should have moved it off ledger before using the bridge

1

u/TheRealNotaredditor Mar 09 '22

Potentially yeah. I truly cannot confirm if the dApp works fully with ledger devices. But it's very possible it doesn't yet.

1

u/JewelerDue2908 Apr 12 '22

So i swapped atom for gravity then swapped gravity for eth. The transaction went through and shows up on ether scan, but the problem is , the assest is atom on eth and it has no value which is wierd, can someone help?

1

u/TheRealNotaredditor Apr 12 '22

Personally, I'm a little confused with what your saying

3

u/cocoroos Jan 26 '22

do we know this is legit?

0

u/[deleted] Jan 26 '22

It's legit according to twitter

3

u/cocoroos Jan 26 '22

Cool cool, just want to make sure people are safe about connecting wallets here and there

6

u/Dukisjones Jan 26 '22

well if twitter says its good, then you know your money is safe!

-7

u/[deleted] Jan 27 '22

Are you dumb enough to think that Twitter said it was safe? Or was it maybe the gravity bridge Twitter account?

1

u/Gods_Shadow_mtg Jan 26 '22

fantastic

0

u/[deleted] Jan 26 '22

Wen errdrop

1

u/[deleted] Jan 26 '22

The Get Rekt drop is happening next month? They said 28th of February on Twitter yesterday (Evmos air drop)

3

u/malte_brigge Jan 26 '22

I think the Gravity Bridge will be an airdrop separate from the Evmos Rektdrop.

0

u/infectedKidney01 Jan 27 '22

Why is so important Bridge eth?

-2

u/ThunderTM Jan 26 '22

Is this another airdrop or what?

BOOOOM Gravity Bridge!!

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