This video demonstrates a cost-effective method to transfer USDC from Coinbase to the Flare Network using the Stargate bridge through the Base chain, with total fees of approximately $0.02. The process involves: (1) depositing USDC from bank to Coinbase, (2) sending USDC via Base Chain (which has lower fees), and (3) bridging Base to Flare using Stargate. Once on Flare, users can access DeFi applications like SparkDEX to swap into FXRP, stXRP, or FLR tokens.
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The Zero Fee Route to Flare πΊοΈ (Coinbase β Base β Stargate)Added:
So here's Stargate. I've already got a page opened up.
When you get to Stargate, you go you're going to lock in on your wallet and let me make this a little bit bigger as well. All right, you're going to lock in on your wallet. Might not be able to be that big, but let's try that. Okay. So let's go over to Coinbase. So what I'm doing is on Coinbase, I am buying USDC.
I'm buying USDC, so I'm going to deposit cash, send now.
So of course I'm going to get the authentication. Coinbase will probably make me verify that I'm going to send that, but it looks like it probably won't this time, which is cool. So there's the details. I've sent $100 of USDC to the base. If I click on the details, you can see my network.
You see?
Shows the wallet I'm sending to, the base, the network fee, okay?
And then it's completed, so I can view it on I can view it on the explorer as well if I want to see that, but it went to the base from Coinbase.
It's going to the base chain, all right?
Base is cheaper fees, that's why I use base. So let's go over to Stargate to base.
Sending it through the base chain, right? Sending it to the base chain from Coinbase to Flare using Stargate bridge, okay?
That's how you do that.
Okay, let's go.
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