RiskMemecoins are highly speculative, and most lose nearly all their value. Nothing here is financial advice.
What you need on Robinhood Chain
Robinhood Chain uses ETH for gas, so a wallet there needs ETH before it can do anything. Bridging SOL to ETH gets you both: funds to trade with, and gas.
- Coins on pons are mostly bought and sold in ETH.
- Every transaction pays its gas in ETH, including selling a coin.
- A wallet holding only a stablecoin can't move it without some ETH for gas, so bridge to ETH first.
What you can bridge
In memetools you can bridge between Solana and Robinhood Chain in both directions, and in from Ethereum and BNB Chain.
Nothing can be bridged out to Ethereum or BNB Chain here: those two only send in.
Step by step: SOL to ETH
One approval, from a Solana wallet to a Robinhood Chain wallet.
- Open Wallets and make sure you have a wallet on each chain: one on Solana holding the SOL, one on Robinhood to receive.
- Open Bridge from the menu.
- Under Send, pick Solana, the wallet and SOL. Under Receive, pick Robinhood Chain, the wallet and ETH.
- Enter the amount. The quote shows what will arrive after every fee.
- Approve it. memetools checks the deposit, signs it in your browser and sends it.
- Wait for it to arrive. It usually takes seconds, and the panel follows it until it does.
Bridge all of a wallet's SOL, or leave at least 0.00089 SOL in it: Solana doesn't let a wallet keep less, so the bridge refuses an amount in between.
What it costs
A bridge costs about 1% all in: our fee of 0.5%, plus what Relay and the two networks charge. The quote shows the amount you'll receive before you approve.
There's no Pro rate on bridging. Fees for launching and trading are in the Documentation's fees.
How it works
Bridging runs through Relay, a cross-chain service. You make one deposit on the chain you're sending from, and Relay pays out on the other.
- Your deposit is one transaction to Relay's deposit contract.
- Before your wallet signs, memetools checks that the transaction is exactly that deposit, for exactly the amount you entered, and simulates it.
- A stablecoin deposit from Robinhood Chain first approves the exact amount, nothing more.
- Your keys stay in your browser throughout.
What to check
A bridge can't be undone once it's sent, so check the receiving wallet and the amount before you approve.
- The receiving wallet is one you hold the key to. Funds sent to a wrong address are gone.
- The amount that arrives, not just the amount you send.
- Enough left for fees on the chain you're sending from.
- The address bar. Bridge only on memetools.fun. Nobody from memetools will ever ask for your private key or wallet password.
With ETH on Robinhood Chain you're ready to launch a coin on pons.
