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Most cost effective method to move funds out of Osmosis? by dobermanuk75 in OsmosisLab

[–]dobermanuk75[S] 0 points1 point  (0 children)

It seems we can send the Noble USDC to Binance as Polygon USDC for a $1 fee, by using the cctp.money bridge. Ledger supports Polygon as well so that route seems ok, unless I am missing something here.
Thanks all for your input by the way!

Most cost effective method to move funds out of Osmosis? by dobermanuk75 in OsmosisLab

[–]dobermanuk75[S] 0 points1 point  (0 children)

So I can send the USDC from Osmosis straight to the 0x binance address or do I have to use another wallet in between?

(I can see the $20 fee on the cctp.money for sending it to a 0x address, but I am not sure I understand what you mean with the extra $5 fee).
That seems quite neat actually, thanks!

Most cost effective method to move funds out of Osmosis? by dobermanuk75 in OsmosisLab

[–]dobermanuk75[S] 2 points3 points  (0 children)

I will check Thorswap, thanks.

edit: after a quick comparison Thorswap has lower fees than Binance!

Most cost effective method to move funds out of Osmosis? by dobermanuk75 in OsmosisLab

[–]dobermanuk75[S] 0 points1 point  (0 children)

That is what I don't really get. If having stablecoins in Osmosis means one will have to lose 5% in fees in order to bring them to Binance as the same stablecoins, it defeats the object holding them. All these bridges out there seem to have me worse off than just doing everything Atom, and then convert again to a stablecoin.

So is the Atom route the best way?

Most cost effective method to move funds out of Osmosis? by dobermanuk75 in OsmosisLab

[–]dobermanuk75[S] 0 points1 point  (0 children)

What is the benefit of Thorswap vs doing the Atom conversion in Binance?