Rootstock is Live on Jumper!
Introduction to Rootstock
We’re excited to announce that
Rootstock, the first Bitcoin sidechain, is live on Jumper. Users can now effortlessly bridge to Rootstock from 14+ chains and L2s, and start exploring the opportunities in the ecosystem.
What is Rootstock?
Known as the first Bitcoin sidechain, Rootstock is cryptographically connected to the Bitcoin blockchain. It uses a trustless and censorship resistant two-way peg to allow users to send Bitcoin directly to the Rootstock chain which is then converted into
smart Bitcoins (RBTC)on the Rootstock blockchain. These RBTC can be used to deploy or to interact with smart contracts and dApps on the Rootstock blockchain.
Interest in Rootstock has been growing, as shown by the Total Value Locked (TVL) on the chain. According to
DefiLlama, the TVL on Rootstock has shown a strong upward trend over the last few months, indicating increasing confidence and participation in the Rootstock ecosystem.
How To Bridge To Rootstock Using Jumper
Step 1: Head to Jumper.Exchange
Step 2: Connect Your Wallet
In the top right corner of your screen, click on 'connect' and select the wallet provider for which you have installed a browser extension and on which you want to bridge.
Step 3: Select the “From” Network and Token
Clicking in the 'From' field you can now first select the chain from which you want to bridge and then the asset which you want to bridge.
Step 4: Select the “To” Network and Token
Clicking in the 'To' field you can select the chain to which you want to bridge to. In his case, you would select Rootstock as the destination chain. Note, you can also select a different token to swap into.
Step 5: Enter the Token Amount and Get Gas
Specify the token amount to bridge and use the “Get gas” feature to also receive RBTC (gas token on Rootstock) if needed.
Step 6: Select a Route
Choose a route on the right-hand side, or click "Review bridge" for the recommended one.
Step 7: Confirm the Bridge Transaction
Approve the transaction in your wallet. Approve non-native tokens if necessary.
Step 8: Bridge Successful
Your funds have arrived on Rootstock!
Bitcoin DeFi is Expanding with L2s like Rootstock
The Bitcoin ecosystem is growing with new L2s like Rootstock, which enable Ethereum Virtual Machine (EVM) compatibility. This integration allows Bitcoin to support smart contracts, dApps, and DeFi protocols, increasing utility and adoption. These improvements transform Bitcoin from a mere store of value to a versatile platform for decentralized finance.
Jumper plays a crucial role by offering bridge and swap transactions across Rootstock and other chains. By aggregating liquidity and providing the best routes, Jumper ensures seamless transfers between these ecosystems.
By bridging to Rootstock through Jumper, users can access new-age DeFi protocols such as
MoneyOnChain(Decentralized Stablecoin),
Oku(DEX), and
Sovryn(Money Market), and be early to the booming DeFi ecosystem on Bitcoin.
Make the jump to Rootstock with Jumper and take advantage of the exciting opportunities in a rapidly growing Bitcoin DeFi ecosystem
