What is AnySwap?
AnySwap is a fully decentralized cross-chain swap protocol based on Fusion DCRM technology. Its main features are an automated pricing and liquidity system. The protocol enables swaps between any coins on the blockchain that uses ECDSA or EdDSA as a signature algorithm.
Since the platform’s launch in July 2020, AnySwap has deployed cross-chain bridges for more than 500 projects. The bridge is non-custodial, which means that AnySwap cannot control your assets as the whole operation process is made via smart contracts.
What makes AnySwap unique?
Decentralized Cross-Chain Bridge — Users can deposit any coins using the protocol and mint wrapped tokens in a decentralized way.
Cross Chain Swaps — Users can immediately swap from one coin to another.
Programmed Pricing and Liquidity — Liquidity providers can add and withdraw liquidity into swap pairs.
You can find the project audit здесь.
The MYST token on Ethereum and BSC networks has been deployed to the bridge:
How to transfer MYST on AnySwap
Transferring MYST tokens will require some initial set up. Below, you can find a guide on adding Binance Smart Chain to your Metamask wallet and transferring MYST.
Step 1 – Add a custom RPC for BSC to your wallet
If you can’t see Binance Smart Chain Mainnet listed among your available networks in your wallet, you need to set this up before transferring funds to BSC.
You can do this by adding Binance Smart Chain Mainnet RPC as a custom network in your wallet.
In your MetaMask wallet, press the network selection button on the top of the app.
Go to “Custom RPC”:
After pressing “Custom RPC,” you will see a screen allowing you to set up a custom RPC.
Enter the following Binance Smart Chain Mainnet details shown in the screenshot below:
Network Name: Binance Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Block Explorer URL: https://bscscan.com
Once entered, press the “Save” button. That’s it! You are now connected to the Binance Smart Chain Mainnet.
Step 2 – Move tokens from Ethereum to BSC Network
To move your funds from the Ethereum blockchain to the BSC, you can use the AnySwap bridge:
You can then connect your wallet of choice:
Currently, AnySwap supports MetaMask and Ledger wallet. We are providing steps on how to connect to your MetaMask wallet. Selecting MetaMask requires you to enter your password and sign the signature request. Make sure that you have chosen Binance Smart Chain Network in your wallet.
There is no deposit fee. However, when you redeem your tokens, fees will be charged as follows:
- The withdrawal fee is 0.1%
- The minimum withdrawal fee is equal to tokens worth $5, while the maximum – worth $1000
You can read more about AnySwap fees здесь.
The estimated arrival time of the deposit is 10-30 min, while an amount larger than 2 500 000 MYST could take up to 12 hours.
Enter the amount of MYST you would like to transfer.
Then you should press “Agree” to use the project in beta.
Once you have agreed to use the AnySwap bridge, you will be able to make a cross-chain deposit.
You will need to press the confirm button.
Then sign the transaction in your Metamask wallet.
You should then be able to see the transaction status of your cross-chain transfer by pressing the MYST logo in the upper right corner of the screen.
Now you just need to wait for MYST to arrive on the BSC chain directly in your Metamask wallet.
It can take two transactions to transfer your funds to BSC successfully. This should cost you approximately $15 (at the time of writing) on the Ethereum chain.
Make sure that you have enough ETH in your wallet to cover this fee.
To see MYST token in your wallet, you will need to “add token” in your Metamask wallet.
After that, you should insert MYST BEP20 token address and press next.
Press “Next” and “Add Tokens,” and MYST will appear in your wallet.
Keep in mind that you will need to fund your wallet with BNB to use your MYST in the BSC network. If you need to one day, you can also use this guide to transfer your funds back onto the Ethereum blockchain.