Guide: How to use the Bridge In feature to bring your Ethereum Mainnet $RLY to Rally.io
This guide's process allows for moving prior, larger purchases of $RLY with potentially lower fees than direct purchasing with a Credit Card, but requires some experience with transacting on Ethereum.
This process is also useful for moving earned $RLY from vaults and liquidity pools to the Rally.io platform.
- 3.Connect your wallet (Metamask, Coinbase, etc.).
- 4.Authorize/Allow your wallet to transact with the contract if necessary.
- 5.Enter the amount you'd like to "bridge in", as well as your Bridge ID.
- 6.Click Deposit, confirm a satisfactory gas price is selected in your wallet, and Accept/Confirm the transaction.
Find your "Bridge ID" on the left section under your username. Copy this, we will need this later.
Rally Vaults "Bridge" Page
Selecting Your Wallet Provider
Authorize, Allow, or Unlock your wallet to transact with the contract if necessary. This may require a transaction of its own.
Current RLY Balance, RLY Amount to Send Entry Locked, and Bridge ID Entry Locked, Unlock Button Visible
Be sure to set a reasonable gas fee so that the transaction is not stuck due to Ethereum network congestion.
Vaults Permission Confirmation in Metamask
Setting a custom Spend Limit is a good practice, but please ensure you do not restrict yourself too much. Resetting or increasing the limit is a pain.
You still have to manually accept each interaction or spend, as with all transactions. With this in mind, leaving the default "unlimited" RLY spend limit is OK.
Edit Spend Limit Permission
You should see your total $RLY holdings. Enter the amount you'd like to deposit or "bridge in". For convenience, you can select varying percentages above the top left of the amount entry blank.
Enter your Rally ID here that we copied earlier.
Current RLY Balance, RLY Amount to Send Entry Blank, and Bridge ID Entry Blank, Deposit Button Enabled
Double check your Rally ID is entered correctly. Click Deposit when you are satisfied with your entries. Your wallet should prompt you to accept or confirm the transaction. Confirm an adequate gas price is selected, and press Confirm.
Example Metamask Transaction Confirmation with Gas Price of 69Gwei
Once again, be sure to set a reasonable gas fee so that the transaction is not stuck due to Ethereum network congestion.
Your transaction / gas fee can take a while to clear. When it moves from pending to confirmed, go check your Rally.io portfolio to see if the transaction is reflected in the “Recent Transactions” feed on the right side of the screen. Back on the vaults page it may look like your transaction hasn’t gone through, this is confusing. If your ETH gas fee has cleared and you see the amount you bridged-in in your portfolio, you are good and can close out.
If you already have a Coinbase Account, continue to Step 2.
Setting up your account is a little like creating a PayPal account. You can do it on your phone or a desktop computer, and plan to spend about 15 minutes. If not prompted during set-up, you will also have to come back here to share a pic of your driver’s license before you can send any crypto.
If you already have a Coinbase Wallet setup, continue to Step 3.
Once your Coinbase account is set up, get out your smartphone and download the Coinbase Wallet app. NOTE: The Wallet app is different from the Coinbase Exchange app. The Wallet app is where you should be storing your crypto. Here set-up is super fast, though they will prompt you to take some pretty extreme security measures -- that’s a good thing. Read all the instructions carefully, and have a plan for storing any passwords, etc as you go.
Step 3: Connect your Coinbase Wallet to your Coinbase Account and Buy Some Crypto!
Go to the settings in your Wallet (gear icon, bottom right), and connect your Coinbase account. Once you’ve connected, navigate to the wallet icon (bottom left), and select “Buy or Transfer from Coinbase” to make your crypto purchases or move a balance from Coinbase Exchange.
For large purchases, your purchase limits might not be what you’d like them to be. There is a chance that you are able to purchase more via your Coinbase account however. See this article for more information on increasing your purchase limits.
You should purchase both RLY and ETH -- For RLY, the amount should be equal to the purchase you’d like to make in your coin. (Note, since coin prices are always changing, you should be thinking in terms of USD here.) For ETH --- This is to cover your network gas fees. We estimate that $20 worth should cover you.
Step 4: Connect Your Wallet and Bridge In
Selecting Your Wallet Provider