Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (2024)

Since our UST 3Pool went live, there has been a deluge of requests asking how assets can be moved over from Ethereum to Solana. It can be confusing, so here’s a step by step guide on how to do so!

Below are the translated versions, thanks to our awesome community members!

In this example, we use $UST, but it is applicable for any asset you want to bridge from Wormhole.

1. Head over to https://www.wormholebridge.com/

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (1)

2. Select $UST from the Ethereum dropdown. Note that you want to select the one with the Ethereum icon.

3. Connect your Ethereum and Solana Wallets. Note that the only wallet that seem to be supported at this point is sollet.io.

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (3)

4. Indicate how much you want to transfer. In our experience, transfer slightly less than the max, otherwise transaction might fail

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (4)

5. Approve spending of the stated amount of UST

After approving, you should see this:

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (6)

6. Confirm the transfer

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (7)

After approving the transfer, you should see this:

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (8)

This finalizing transfer note should pop up shortly

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (9)

And you are now a proud owner of wUST on Solana!

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (10)

7. Head over to Mercurial.Finance UST 3Pool

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (11)

8. Deposit your wUST!

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (12)

9. You are now a proud LP of the historically important $UST 3Pool!

Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (13)
Step by Step: How to transfer $UST (Or any ETH asset) to Solana using Wormhole (2024)

FAQs

How do I move assets to Solana? ›

Assuming you've already purchased some Solana, click Send / Receive in the top right of Coinbase. Choose Solana (SOL) from the list of assets. Open up your Phantom wallet and click the wallet address at the top. Paste the address into Coinbase, and choose how much you want to send (max will probably be fine).

How do I transfer ETH to Solana? ›

How to swap ETH to SOL
  1. Choose the crypto exchange pair. Choose Ethereum in the “You send” section. ...
  2. Enter the recipient's address. Now you need to enter the recipient's Solana address. ...
  3. Send and receive cryptocurrencies.

How do you bridge assets from Ethereum to Solana? ›

We highly recommend using MetaMask as your ETH wallet and Phantom as your SOL wallet.
  1. STEP 1: Go to portalbridge.com.
  2. STEP 2: Select the Source and Destination blockchains.
  3. STEP 3: Connect the wallet of your source blockchain.
  4. STEP 4: Select the token and type the amount to transfer.
Sep 1, 2022

How does wormhole work Solana? ›

Wormhole is a communication bridge between Solana and other top decentralized finance (DeFi) networks. Existing projects, platforms, and communities are able to move tokenized assets seamlessly across blockchains and benefit from Solana's high speed and low cost.

How do you convert wormhole tokens? ›

Wormhole Token Bridge
  1. 1: Select the source of the tokens.
  2. 2: Select the recipient chain for the tokens.
  3. 3: Send the tokens to the bridge.
  4. 4: Retrieve the tokens on the recipient network.

What is a wormhole address in crypto? ›

Wormhole is a decentralized, universal message-passing protocol that connects to multiple blockchains. In simple terms Wormhole allows different blockchains like Ethereum, Binance Smart Chain, Terra, Solana, Polygon, Avalanche and Oasis to communicate with each other.

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