On February 21st, 2023, LayerZero launched a bridge between mainnet ETH and Goerli testnet ETH. This means that developers can now exchange ETH on the Goerli network for mainnet ETH, and vice versa.
Why is there a need for a bridge between mainnet ETH and Goerli ETH?
We know that anyone who has developed on Goerli has encountered the same problem: it's difficult to obtain a certain amount of Goerli-ETH.
The mainnet ETH and Goerli ETH bridge was developed by LayerZero, stemming from a large-scale test they conducted on the Goerli testnet.
At that time, LayerZero had been trying to claim enough ETH on the Goerli faucet for several days without success, and ultimately had to buy a sufficient amount of Goerli ETH through OTC on Twitter.
Therefore, LayerZero launched the mainnet ETH and Goerli ETH bridge, and created an open ETH/GOERLI-ETH real-time pricing market.
The initial price for Goerli-ETH was set at $0.10, with a seed in the pool of 12,500 Goerli-ETH. These pools are open and hosted on Uniswap on Ethereum and Goerli. The community is welcome to join as liquidity providers and actively trade to achieve true price discovery and balance. These two pools are listed as: Goerli:
· ETH/mETH ("Mainnet ETH")
· Ethereum: ETH/gETH ("Goerli ETH")
How to exchange from mainnet ETH to Goerli-ETH?
The ETH to Goerli-ETH bridge enables seamless asset transfer between the Ethereum mainnet and the GOERLI testnet. Users can easily exchange mainnet ETH for Goerli ETH and bridge them securely with LayerZero.
The execution steps are as follows:
1. Exchange ETH/gETH on mainnet Ethereum.
2. Bridge gETH from mainnet Ethereum to Goerli testnet.
3. Unpack gETH to ETH on Goerli testnet.
Similarly, users who have the demand can directly transfer mainnet ETH to Goerli mETH or transfer Goerli-ETH to mainnet gETH, and can directly provide liquidity and trade via Uniswap UI or through a merge method on https://testnetbridge.com.
Discover the essential dates and guidelines for the transition from Base Goerli to Sepolia. Ensure a seamless migration by staying informed about deposit suspensions, documentation updates, and the final discontinuation of Base Goerli infrastructure.
MiyukiDiscover the key details of Starknet's upcoming stress test on the Goerli testnet, scheduled for January 30th. Learn about the potential impact on transaction times and networks unaffected by the test, ensuring you're fully prepared
MiyukiUncover the intricacies of the Goerli Faucet and Alchemy Crypto, navigating a $6M loss with a silver lining of ~$275K profit, shaping the future of crypto investments.
EdmundExplore the world of Goerli ETH, the testnet token for the Ethereum blockchain, and discover the significance of Goerli ETH faucets. Dive into the reasons for utilizing these faucets, including testing dApps and smart contracts, learning about Ethereum, and participating in airdrops and giveaways. Learn the step-by-step process of using a Goerli ETH faucet with compatible wallets such as MetaMask, Coinbase Wallet, and Phantom Wallet. Uncover reputable Goerli ETH faucets provided by leading blockchain infrastructure providers like QuickNode and Alchemy, as well as the Chainlink faucet. Delve into the investment potential of Goerli ETH, from testing and developing projects to participating in airdrops, while emphasizing the crucial distinction that Goerli ETH holds no real economic value. Navigate the Ethereum testnet with confidence, leveraging Goerli ETH for development, learning, and exploration without the risk of real money.
Huang BoCoinlive The ability to withdraw staked Ethereum may soon be here, as Shapella (Shanghai + Capella) unstaking upgrade goes live on the Goerli testnet.
CryptoSlateOvernight, $21 million was taken from multi-chain DEX Transit Swap.
OthersMega World is a metaverse with real economics built on top of the popular Web3 city builder game MCP3D running ...
BitcoinistWith the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merger set for mid-September.
CointelegraphAirdrop hunters flocked to the MetaMask Swap and Polygon networks in an attempt to qualify for a possible token distribution from the popular cryptocurrency wallet provider.
Cointelegraph
