Since gas fees have been so expensive, many people are priced out of ETH DeFi and popular destination the BSC right now.
But that is not the only popular destination... it seems like and other DeFi looks interesting 👇
source
335% interest on a stablecoin!
This is not BSC. This is Polygon network and this might be the best time to get out of ETH DeFi since the gas fee is down to...35 gwei 🤯
I mean this gas is still a lot more expensive than BSC but at least we are not paying $200 for one transaction like couple months ago.
So how do you get away from ETH to Polygon?
Zapper has a nice tool called "Bridge". You just go here and connect your wallet.
https://zapper.fi/bridge
It looks like this. When you connect your wallet it shows ETH network and you can migrate your assets to a different network pretty easily.
How it works is like swapping tokens but this bridge will swap the networks instead tokens...kind of.
Here, you can "swap" ETH from Ethereum network to Polygon network.
How mush you want to migrate and just Confirm. That is all.
But there is a gas fee when you do this so right now could be the best time to move since ETH gas fee is more manageable.
Gas fee was like $9... i know it is still expensive but if you check the gas fee all the time, you might get a better deal than this.
Zapper implemented this bridge from Ethereum to Polygon so this is a one way get away ticket.
Polygon to Ethereum is not yet implemented. (probably will be... in the future)
So that is one thing to think about. Other than that this is a great tool to migrate from ETH and it is a good time to explore different DeFi spaces, and you might find a super high APY somewhere.
