{"id":160351,"date":"2021-01-22T07:25:14","date_gmt":"2021-01-22T04:25:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/clever-aave-to-matic-bridge-keeps-track-of-yields\/"},"modified":"2021-01-22T07:25:14","modified_gmt":"2021-01-22T04:25:14","slug":"clever-aave-to-matic-bridge-keeps-track-of-yields","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/clever-aave-to-matic-bridge-keeps-track-of-yields\/","title":{"rendered":"# Clever Aave to Matic bridge keeps track of yields"},"content":{"rendered":"<p>&#8220;<strong># Clever Aave to Matic bridge keeps track of yields <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvOGMyYTBjOWQtY2FlZS00ZjhhLTk4MjMtZTk0YzhjOGYxNzEyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The first Aave-friendly Ethereum to Matic<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/aavegotchi.com\/bridge\"> bridge<\/a> has opened for business, allowing users to port Aave\u2019s interest-bearing aTokens back and forth between the DeFi protocol and the faster, cheaper layer-two network.<\/p>\n<p>The bridge was developed and launched by Nick Mudge, Lead Solidity Developer of Aavegotchi. It differs from previous Ethereum to layer-two bridges as it interacts with the Aave protocol to keep track of interest being paid on aTokens locked up on the Ethereum side of the bridge.<\/p>\n<p>According to Mudge, the bridge\u2019s smart contract converts user\u2019s Aave aTokens \u2014 such as aUSDC, for example \u2014 to maTokens, which are then made available to the user on the Matic Network. When maTokens are converted back to aTokens, the user receives the original amount of tokens sent through the bridge plus interest accrued during the time they were locked in the bridge contract.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u2704 AAVEGOTCHI BRIDGE IS OPEN 4 BUSINESS!<\/p>\n<p> Send <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GHST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GHST<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a> to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/maticnetwork?ref_src=twsrc%5Etfw\">@maticnetwork<\/a> in style with our frenly UI<\/p>\n<p>More tokens coming soon!<\/p>\n<p>Try it here  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/yFgMJtEaj5\">https:\/\/t.co\/yFgMJtEaj5<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6GudHIUGBT\">pic.twitter.com\/6GudHIUGBT<\/a><\/p>\n<p>\u2014 Aavegotchi (@aavegotchi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/aavegotchi\/status\/1352268453885853696?ref_src=twsrc%5Etfw\">January 21, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Mudge sees maTokens as potentially valuable to Matic-related liquidity providers, as it is now possible to earn not only transaction fees but interest when lending out maUSDC. This can currently be accomplished via<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/quickswap.exchange\/\"> Quickswap<\/a>, the platform\u2019s #1 D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>, which is a direct clone of Uniswap modified for Matic.<\/p>\n<p>As Quickswap runs on Matic, its transaction fees are a tiny fraction of those currently being endured by Ethereum users, which makes Matic an enticing alternative for developers looking to lessen the cost of DeFi-related transactions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If you think about it, buying maTokens in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuickswapDEX?ref_src=twsrc%5Etfw\">@QuickswapDEX<\/a> on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/maticnetwork?ref_src=twsrc%5Etfw\">@maticnetwork<\/a> makes a lot of sense. You don&#8217;t lose on gas fees buying and making maTokens and you can supply your maTokens to liquidity pools in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuickswapDEX?ref_src=twsrc%5Etfw\">@QuickswapDEX<\/a> and earn trading fees &#8212; without losing any interest you make.<\/p>\n<p>\u2014 Nick Mudge  aavegotchi (@mudgen) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mudgen\/status\/1351982298028257280?ref_src=twsrc%5Etfw\">January 20, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Named after the dApp-based NFT staking<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/wiki.aavegotchi.com\/en\/introduction\"> game<\/a> of Mudge\u2019s creation, the Aavegotchi Bridge was initially created for the sake of making it cheaper to perform actions within the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>. When players of the game started complaining of Ethereum\u2019s high gas fees, Mudge took the creative approach of building an interface between Aave and Matic so game-related transactions could be conducted faster and with significantly reduced fees.<\/p>\n<p>\u201cWe wanted to launch Aavegotchi on Ethereum first and work on implementing some functionality on Matic Network later,\u201d Mudge told Cointelegraph. <\/p>\n<blockquote><p>\u201cBut the day we were going to launch on Ethereum the gas fees went sky high and it would have wrecked our launch. So we delayed and decided to move the whole project to Matic Network.\u201d<\/p><\/blockquote>\n<p>Mudge believes that smart contract developers will increasingly employ layer-two solutions like Matic for conducting business on Ethereum as the network remains jammed and prohibitively expensive.<\/p>\n<blockquote><p>\u201cBecause the gas fees are so low on Matic Network it opens the door for more composition\/interaction between different smart contracts and protocols to create kinds of functionality and sophistication on the smart contract level that weren&#8217;t possible before.\u201d<\/p><\/blockquote>\n<p>Aave is currently the second biggest DeFi platform according to the total value locked within the platform. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/clever-aave-to-matic-bridge-keeps-track-of-yields\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Clever Aave to Matic bridge keeps track of yields &#8221; The first Aave-friendly Ethereum to Matic bridge has opened for business, allowing users to port Aave\u2019s interest-bearing aTokens back and forth between the DeFi protocol and the faster, cheaper layer-two network. The bridge was developed and launched by Nick Mudge, Lead Solidity Developer of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":160352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvOGMyYTBjOWQtY2FlZS00ZjhhLTk4MjMtZTk0YzhjOGYxNzEyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[78168,74868,74891,75434,74892,74880,72927],"class_list":["post-160351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-dapps","tag-defi","tag-ethereum","tag-smart-contracts","tag-tokens","tag-transactions","tag-fees"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/160351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=160351"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/160351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/160352"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=160351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=160351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=160351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}