After $600 in bridging fees, we swore to do something about it.
Today, we launch on 5 more chains:
Avalanche
Arbitrum
Optimism
Base
Polygon
Happy belated New Years from the best bridge in crypto.
Bridges to
@dYdX
now derive the address from Metamask, not Keplr. This points to the same address that bridged dYdX tokens are sent to.
@AntonioMJuliano
@charlesdhaussy
Our intern crunched the numbers:
✅Noble CCTP has transferred $537,164,320 to date.
310MM into Cosmos, 226MM out.
❌This doesn't include IBC volume, which is a multiple of this.
See you all at a B 💸
@circle
la empresa que emite USDC está adaptando su CCTP en Solana. Eso quiere decir que se podrá enviar fácilmente USDC nativo entre Solana y otras redes usando la tecnología de quiens lo emiten. Eso incluye las de Cosmos, donde
@CCTPMoney
está tejiendo esos puentes.
PSA:
We are moving the bandwidth of our snapshot server from 1gb/s to 10gb/s. It means some downtime later today unfortunately.
As our snapshot service becomes more popular, the bandwidth has become the bottleneck. This upgrade will solve the problem.
🫡
So what now?
- Go try us out at
- Use your ledger - we’ve added support
@zmanian
@ertemann
- Save on gas with free ERC-2612 approvals
Solana soon. Should we make it free?
@aeyakovenko
@blknoiz06
We pushed our launch date out by 2 weeks.
We've also doubled our interns adderall intake via IVs hooked up directly to their bloodstreams. We do it for you, folks.
Because of this, we'll launch with
- better chain support
- token rescue
- improved stability
❌ No more $80 transfers from ETH
❌ No more bridge hacks
Our goal is simple:
✅ Make money easy to use
That's it. When our customers win, everything else takes care of itself.
The Costco of Bridges
We promise to keep fees extremely reasonable and win on volume.
Why are we doing this?
- Like you, we’re tired of bridge hacks and high fees
- We have no VCs to please
- Our devs built Noble and Astroport so we’re pretty invested
We charge a flat fee to
None of this would be possible without contributors like
@braveryandglory
, the auditors at
@SCVSecurity
, and devs like
@a_fsardo
and others who wish to remain anonymous. Builders recognize builders.
So what's next?
✅ Improved tracking
✅ An API/SDK for devs to easily
And finally, a huge thank you to everyone except
@polkachu_intern
for their patience.
We have an amazing team and we can’t wait to show you what’s in the pipeline - here’s to shipping fast and having fun.
Back to it….
Using another bridge? You’re lighting money on fire - faster than you usually do.
We beat *everybody* on price.
$20 to ETH
$1 to every other chain
Noble is free
If you work at
@arbitrum
,
@Optimism
,
@avax
, or
@0xPolygon
and want to subsidize bridging to your chain, reach out.
1/ Imagine transferring native $USDC from Ethereum to Cosmos permissionlessly in a single click with minimal or no fees 😯
'1-click $USDC' launches on
@noble_xyz
today with
@CCTPMoney
.
How this changes the stablecoin landscape in Cosmos 🧵
2. No more bridge hacks
CCTP (Cross Chain Transfer Protocol) provides different set of tradeoffs compared to committee bridges or even IBC - CCTP introduces counterparty risk (will Circle attest to this burn?), but there is no honeypot of locked funds for hackers to steal.
We see a future where many CCTP-like burn and mint bridges are deployed across many more chains for a variety of assets.
As more currencies, treasuries, and other financial instruments begin to come online, the free market wins.
We are launching the gateway to this future.
1. Institutions aren't comfortable with bridge risk
Market makers, custodians, and venture funds are not comfortable with holding "IOU" tokens while giving up custody of their or their client's funds.
Many of these bridges as ticking time bombs.
(wBTC and Tron omitted)
3. Flexibility
The integration cost for Noble was high, but Circle's architecture allows for easy issuance of EUROC and other assets that are Coming Soon™.
Other RWA issuers now have a market leader to catch.
Bridges to
@dYdX
now derive the address from Metamask, not Keplr. This points to the same address that bridged dYdX tokens are sent to.
@AntonioMJuliano
@charlesdhaussy
Time to Finality Matters
With CCTP, it takes ~13 minutes to bridge native USDC from Ethereum and it's L2s. This prolongs an already stressful and risky experience for users.
We've whiteboarded a couple solutions to lower bridging times, but either way
🇹🇷
@noble_xyz
and
@circle
are heading to
@CosmoverseHQ
Istanbul next week where we'll be making a special announcement on the mainstage!
Join us & check out the agenda 👉
@EarlMontagu
@MoonMan421
Relayers (us) have to pay the mint fee. This will be either be subsidized by a chain/app or paid up front by the user.
Our goal is to undercut our competitor’s $30 fees by 100x.