Polkamarkets is getting closer to the mainnet launch on Moonriver. After thorough testing and user feedback on Kovan Ethereum Testnet, the product is entering its final phase before live deployment. This will mark a crucial milestone in the Polkamarkets roadmap, while ensuring a robust level of decentralization and performance for end-users.
If you haven’t already joined our Telegram and Twitter, click here to join the conversation! Please also read this article for more information about our partnership with Meter for a fast and secure bridge from Ethereum to Moonriver for the POLK token.
In the coming days, these last steps towards Polkamarkets’ deployment on Moonriver mainnet are being finalized. In order for users to use their POLK in the protocol, Polkamarkets has partnered with Meter to ensure a stable and secure bridge for the POLK token between Ethereum and Moonriver.
How to bridge your POLK from Ethereum Mainnet to Moonriver?
Step 1: Head to https://passport.meter.io/ and connect your wallet
Step 2: Choose Moonriver Mainnet as “To” Network
Step 3: Choose Ethereum in the “From” section on top, and POLK as the token, and input the amount you desire to bridge.
Step 4: Click Start Transfer.
Allow meter.io to use your $POLK. You’ll get the following metamask popup — You’ll only need to perform this step once.
Step 5: Confirm the transaction. You’ll get the following screen while the transaction awaits to confirm.
Step 6: After transaction confirmation, the tokens will make their way onto Moonriver through Meter’s bridge.
The process requires 25 block confirmations for the bridge deposit transaction on the Ethereum side, which may take 6 to 10 minutes. You can read all about it on Meter’s documentation.
Step 7: Configure Moonriver network on your metamask.
If you haven’t configured the Moonriver network in your Metamask, please do so by using Moonbeams’ documentation:
Head to https://docs.moonbeam.network/tokens/connect/metamask/ and click “Connect to Moonriver”. You’ll be prompted with the following Metamask popups:
Click Approve and Switch network.
Step 8: Add POLK as a custom token in your metamask. The token’s address in Moonriver is the following: 0x8b29344f368b5FA35595325903fE0eAab70C8E1F
Copy and paste the Moonriver POLK token smart contract address into the Token Contract Address field, as shown above. Click Next.
You’re all set and your POLK is ready to use in Moonriver 🎉
Pair in Moonriver (MOVR/POLK): https://app.sushi.com/swap?inputCurrency=&outputCurrency=0x8b29344f368b5FA35595325903fE0eAab70C8E1F
You’ll be able to bridge your POLK back to Ethereum Mainnet using the same exact process. Just switch the “From” and “To” networks on Meter and repeat the steps above.
About Moonriver (Moonbeam Network)
Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. New code ships to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot.
Polkamarkets is an Autonomous Prediction Market Protocol built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in a decentralized and interoperable platform based on Polkadot.