SubQuery Network Bridge Gas Rebate Program

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We know that gas prices are sky high right now on Ethereum, and often the price of swaps is greater than the per user refund limit on our SubQuery Bridging Gas Rebate program. We are considering increasing the per user limit, but we first want to wait and see what the effect of the Ethereum Cancun update, with is scheduled for March 13, 2024 and should significantly decrease gas prices https://www.binance.com/en/feed/post/2024-02-18-ethereum-l2-gas-fees-expected-to-decrease-after-cancun-upgrade-4279493281010. This also means that we extend the period of this program to the 20th March 2024, 11.59 PM UTC

Since the launch of the SubQuery Network 6 days ago, almost 10 million SQT has already been delegated to the SubQuery Network. Delegators will soon be receiving their rewards.

Regrettably, as many of you are aware, the Ethereum Gas fees can be high, especially when bridging tokens from the Ethereum to Base network using SubQuery’s official bridge. This is the number one problem the SubQuery community is currently facing.

To address this concern, we are working very hard on facilitating withdrawals from centralised exchanges to Base. In the meantime, we’re launching a Bridge Gas Rebate Program to help the community.

How it works

We will provide a 100% rebate (a refund) of the gas fees that you incurred bridging tokens Ethereum -> Base or Polygon -> Ethereum. This means that these bridge actions will cost you nothing.

This rebate will be provided in the form of airdrops of equivalent SQT (based on the 7 day average price) on the Base network directly into your wallet address. It is for a maximum of US$60 per wallet.

This program is valid for all bridging actions made up to Wednesday 20th March 2024 at 23:59:59 UTC. It is not valid for any bridging actions from Base -> Ethereum.

How can I claim the rebate?

Easy, you just need to keep track of the transaction IDs for the bridge actions that you took. You will need to fill in and submit this form here before Tuesday 12th March 2024 at 23:59:59 UTC. It will take up to 5 working days to confirm and process your Bridge Gas Rebate.

Apply for a rebate here (https://forms.gle/n5r8ARxqZBAhcL4LA)

What bridges can I use

This program is valid for the following directions and bridges:

Ethereum -> Base:

We highly recommend the official SubQuery Bridge: https://app.subquery.network/bridge
Any third party Base bridge listed on Base’s ecosystem website may require longer processing time: https://www.base.org/ecosystem?tag=bridge

Polygon -> Ethereum

Polygon Portal Bridge: https://portal.polygon.technology/bridge

Base -> Ethereum

This program does not apply to this bridging direction

About SubQuery

SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future. Our fast, flexible, and open data indexer supercharges dApps on over 150 networks, enabling a user-focused web3 world. Soon, our Data Node will provide breakthroughs in the RPC industry, and deliver decentralisation without compromise. We pioneer the web3 revolution for visionaries and forward-thinkers. We’re not just a company — we’re a movement driving an inclusive and decentralised web3 era. Let’s shape the future of web3, together.