How to Bridge to Goerli Ethereum
As mentioned earlier, the simplest method for transferring assets to Ethereum Goerli testnet is by using the Testnet Bridge. This platform was created by Layer Zero Labs, the team responsible for Stargate Finance, with the goal of establishing fair market pricing for ETH/Goerli-ETH. They achieved this by providing liquidity to the pool and setting the initial price of Goerli-ETH at $0.1. This enables users to exchange ETH for GOERLI ETH via the bridge.
Here is a simple 3-step guide to bridging to GOERLI with the Testnet Bridge:
- Visit the Testnet Bridge and connect your wallet.
- Input the amount of ETH you want to bridge to GoerliETH (be mindful of the price difference and slippage).
- Preview your order and select 'TRANSFER' to complete your transaction.
What are the Fees?
The fees to bridge to Goerli Ethereum from Ethereum and vice versa are completely free when using the Testnet Bridge. However, this does not include the variable gas fee (depending on blockspace demand) and slippage applied when bridging ETH to Goerli ETH. Be sure to check the gas and slippage before executing your transaction.
How does the Goerli Testnet Bridge work?
The Testnet Bridge is a platform developed by LayerZero to solve the problem of getting Goerli-ETH for developers who are testing systems at scale. It creates an open market for immediate pricing of ETH/GOERLI-ETH, with the initial price of Goerli-ETH set to $0.10 and the pool seeded with 12,500 Goerli-ETH.
The Testnet Bridge allows users to swap ETH to GOERLI ETH through the bridge with a single click, and LP and trade directly through the Uniswap UI or https://testnetbridge.com/. This public good is the first release of a series of public goods focused on supporting the Ethereum developer community.
The Testnet Bridge by Layer Zero Labs is the easiest and safest way to bridge assets from Ethereum to Goerli testnet. It creates an open market for immediate pricing of ETH/GOERLI-ETH, with the initial price of Goerli-ETH set to $0.10. Users can exchange ETH for GOERLI ETH through the bridge with ease, and even earn yield by providing liquidity.
The Testnet Bridge is a public good aimed at supporting the Ethereum developer community, and it allows for quick access to ETH on Goerli. Simply follow the 3-step guide to bridge to GOERLI with the Testnet Bridge, while being mindful of gas fees and slippage.