🌉Cross-Chain Deposits
Learn how to perform cross-chain deposits into Vertex from multiple chains using a native integration of Axelar's Squid Router on the Vertex app.
Contents:
Overview
Use Cases
How to Cross-Chain Deposit
How to Swap & Deposit
Overview
With Squid Router & Axelar, you can deposit directly into your Vertex account from any supported chain. This process usually takes less than 30 seconds.
Users can deposit assets they have on other chains directly into their Vertex account on a different chain in:
1 transaction
~30 seconds
Users can also swap assets they have on other chains for the assets they wish to deposit on Vertex.
This is known as a cross-chains swap and deposit.
Both use cases are covered below.
Use Cases
Cross-Chain Deposits allow you to deposit any asset you hold as a supported asset on Vertex. This means that you can deposit a supported asset from another chain, or you can swap any asset you hold for a Vertex-supported asset.
Same Asset Examples:
Users can deposit USDC on Ethereum into their Vertex account on Arbitrum.
Users can deposit wETH on Polygon into their Vertex account on Sei.
Different Assets Examples:
User has native ETH on Arbitrum and wants to deposit wETH into their Vertex account on Arbitrum.
User has wBTC on Ethereum and wants to deposit USDC into their Vertex account on Arbitrum.
When this is Helpful:
Users only have native ETH, but they want to deposit wETH (wrapped ETH) into Vertex.
Users hold an unsupported asset on another chain, and they want to swap it into a supported asset on a Vertex chain.
How to Cross-Chain Deposit
Step 1. Initiate the Cross-Chain Deposit.
Click on [Deposit] on Portfolio overview, Account Center, or on any Balance.
Select ‘Cross-Chain Deposit’ in the deposit method drop-down.
Step 2. Enter Details for the Source Asset.
Select the chain from which you want to deposit assets.
Select the asset that you want to use.
Input the amount you want to deposit.
Step 3. Enter the Receive Details.
Select the asset you want to receive (deposit) into your Vertex account.
Step 4. Review and Submit.
Review the summary details.
Click [Cross-Chain Deposit].
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