Penguin Finance

New .e Tokens - Explainer

What are the .e tokens?

  • They are the new tokens from the upgraded AB Bridge.
  • All AB tokens have .e at the end of the token name.
  • For example, ETH is the old AEB (Avalanche-Ethereum Bridge) token and ETH.e is the new AB version.

What is the new AB Bridge?

  • The Avalanche Bridge is used to seamlessly transfer ERC-20 tokens from Ethereum to the Avalanche C-Chain (and vice versa).
  • The upgraded bridge brings the following features:
    Transactions are estimated to be 10x faster and 5x cheaper than the old AEB bridge.
    Stronger security
    Much better user experience
    There are plans to extend this bridge to support other networks

Which tokens must be migrated?

  • In order for Avalanche to successfully transition to the new bridge, users must migrate their tokens to the new .e version.
  • The old AEB tokens which must be migrated are: ETH, LINK, WBTC, USDT, SUSHI, DAI, UNI, AAVE, and YFI.
Remember - you only need to convert ERC-20 tokens. There is no need to convert Avalanche-native tokens.

How do I upgrade my tokens?

What happened to the old AEB Bridge?

  • The AEB has been deactivated and is no longer in use.
  • The funds held on the Ethereum side of the AEB have been moved to the new Avalanche Bridge (AB).