Reasons to use the rhino cross-chain crypto bridge

What makes the rhino cross-chain bridge unique?

The bridge (withdrawals from your rhino account to L2s and chains) is truly unique in DeFi, and offers some features that can help DeFi users of all sizes.

Why use the rhino bridge compared to other DeFi bridges?

You can currently bridge with to all major L2s including Polygon POS, Polygon zkEVM, Arbitrum, Optimism and zkSync Era. With more L2s to launch soon!

Use cases include the following – Speed, privacy, cost, collating tokens before bridging, high bridging liquidity.  

1) Speed 

Withdrawals on are almost instant. If you need to move quickly between chains for arbitrage, airdrop hunting, yield farming or apeing, then this is the bridge for you. Over 140,000 users have used the Era bridge since launch.

Other DeFi bridges can take between 30 minutes to 24 hours to move your funds between chains, often with very little visibility in the interim. Even the fastest of DeFi bridges are not as fast as the bridge. 

2) Cost is one of the best value for money bridges in DeFi for bridging between major Layer 2s. The one exception is withdrawals to Ethereum mainnet – reasons for which we will go into below.  

The current rhino bridge fee schedule can be found here.

The rhino bridge fees cover the following 

  • Gas fees on the destination chain for the smart contract interactions. 
  • Liquidity Provider fees for borrowing a wide range of tokens on all the different chains that the rhino bridge supports (socialization). LP fees on chains such as Optimism and Arbitrum are higher due to the 7 day native withdrawal cost.
  • platform layer 2 infrastructure costs. 

Withdrawal costs to Ethereum mainnet are higher, as the withdrawal service to Ethereum mainnet is really only meant to service large users moving large amounts of funds. Ethereum gas costs are so high that the chain is really not a friendly chain for most users, which is why it is always best to conduct activity on cheaper rollups such as Arbitrum, Optimism, Era and Polygon zkEVM 

3) Withdraw to any address (Casual Privacy) 

For Ethereum mainnet withdrawals you can select a different destination address to the address you deposited from. This is a great tool to help preserve your privacy – ‘casual privacy’. 

At the moment, you can withdraw to other L2s (e.g. Arbitrum, Optimism etc.) using the same address that you deposited from. But a simple workaround is to use the rhino ‘internal transfer’ (‘Send’) feature to send your funds to another account/address before withdrawing.  

For more information on rhino privacy, see this article 

4) Collect all your funds in one place before withdrawing 

Do you have funds on lots of chains that you need to bridge to one place? You can deposit your tokens from their source chains to your account, and then withdraw all in one go – saving you time, and withdrawal fees.

As an added extra, you can swap your tokens on rhino gas-free once they are deposited to, before you withdraw to another chain. 

This is a unique service that is something that only offers. No other DeFi bridge allows you to do this! 

5) Bridge Liquidity & Withdrawal Limits 

The bridge has some of the best liquidity in DeFi, and liquidity is constantly topped up.  

Some bridges limit the amount that you can bridge in one go to small amounts (e.g. under a few ETH) and some bridges are so slow to rebalance/top-up that they de-facto limit you. On the flip side, a centralized exchange might freeze your account or delay your withdrawal if you try to bridge between chains. solves all of these issues! also allows you to withdraw up to one third of the total amount of liquidity held in a rhino bridge contract at any one time. To put that into perspective, there is normally over $4m of ETH, USDT, USDC and other tokens available at any one time in the rhino Ethereum mainnet bridge smart contract alone.  

This liquidity in the rhino bridge smart contracts is also quickly rebalanced (whenever possible) to make sure that the bridge smart contracts on other chains are constantly topped up. Overall there is $6m serving the super-fast bridges at any one time – an unrivaled  amount of long term & sustainable liquidity, that is also not funded by inflationary rewards. 

Use the cross-chain DeFi bridge.

Join the rhino Discord to share your feedback and ask any questions.

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