How to set up Matic Mainnet, bridge funds and trade PolySafe

Overview

PolySafe is built on Polygon, which is a layer 2 solution that enables cheaper and faster transactions than any other decentralized blockchain in the space.

Because PolySafe built on the Matic Mainnet, using the Ethereum Mainnet will not work. You have to follow some easy steps in order to enable your wallet to interact with the Matic Mainnet.

In this article we will cover the following:

  • How to set up your wallet with the Matic Mainnet.
  • How to bridge your funds from Ethereum Mainnet to Matic Mainnet.
  • How to trade PolySafe on DFYN

We have simplified all these steps in this article. You’ll be done in no time and will only need to follow these steps once.

FYI, Polygon used to be called Matic before their rebrand. This explains why Polygons network is called the Matic Mainnet.

Step 1 — Setting up a wallet with Matic Mainnet

In order to start this process, you first need to download a crypto wallet. The most common wallet in crypto is Metamask, and it can be downloaded here. If you have not set up a wallet, this is a great resource on how to do it.

  1. Open up your Metamask wallet, and click on the Metamask icon.
    If you can’t see it, click on the puzzle icon to the right.

2. Click on the three dots in the top left, and click “Expand View”. This will make it easier to get an overview of the wallet.

3. Click the “Ethereum Mainnet” button and scroll down until you get to “Custom RPC”.

4. Once you have opened this tab, enter in the setting as follows and click “Save”.

5. Your wallet is now set up with Matic Mainnet. Whenever you want to trade on the Matic network, you simply switch to it in Metamask.

Step 2 — Moving funds to the Matic Mainnet

Now that you have set up your wallet with the Matic network, you will be able to move funds from the Ethereum Mainnet to Matic Mainnet using the Matic bridge.

  1. Go to: https://wallet.matic.network/login/ and click the Metamask option. Make sure your Metamask is connected to the Ethereum Mainnet.

2. Clicking the Metamask option will prompt a box where you have to sign off on that you want to connect to the Mainnet. Click the “Sign” button.

3. You have now been redirected to the wallet. Click on the button that says “Move funds to Matic Mainnet”.

4. Select the currency you want to move from the Ethereum Mainnet to Matic Mainnet.

The token you are transferring must exist on both networks. A pro tip is to use stablecoins like USDC, USDT or DAI.

5. Note that this process takes 7–8 minutes. Click “Continue”.

6. In this step, you get an overview over the gas fee you have to pay on the Ethereum Network in order to submit the transaction:

7. Click “Continue” once more to confirm the transaction. Make sure the transfer mode is PoS bridge.

8. A transaction will be prompted in your Metamask wallet. Scroll down and confirm the transaction.

9. Once you confirm the transaction, you have to wait for 7–8 minutes, and your funds will arrive in your Matic wallet.

10. You have now successfully moved funds to the Matic Mainnet.
In order to send funds from Matic Mainnet back to the Ethereum Mainnet, you click the “Switch” button on step 4 (this process takes 2–3 hours), and use the same method as above.

Step 3 — Buying PolySafe and other tokens on DFYN exchange

Now that you have moved your funds to the Matic network, you can start buying the tokens you want on DFYN exchange

  1. Go to https://exchange.dfyn.network/#/swap
  2. Change the network in your Metamask to Matic Mainnet.

3. Click the “Select a Token” option.

4. Paste the contract-address of PolySafe or the token of your choice in the empty field. Proceed to click the “add” button, so you won’t have to paste the address again next time you want to trade.

PolySafe contract address:
0xB1CB4aC6b1685DcbE691b9246406748805aa6FA8

5. Approve the token you are trading.

6. Confirm the approval transaction in Metamask.

7. Once you have approved the token, click the “Swap” button.

8. Proceed by confirming the swap transaction in Metamask.

9. You are all done! Use this method to buy or sell any token on DFYN.

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