Arbitrum Nova is a new chain by OffchainLabs for social and gaming applications and the first application is Reddit's Community Points. You earn Points by contributing to the Community and can spend them on special features, gift them to friends, etc. But there's a catch: You will need to pay gas fees in ETH to gift or tip Points to other users. Reddit has partnered with FTX to allow purchasing ETH, but what if you already have ETH in Coinbase, Binance, KuCoin, or other exchanges? This is how:
Head over to your Reddit Vault
Copy the wallet address
Go to layerswap.io
Select your preferred CEX (Coinbase, Binance, KuCoin, OKX...)
Select Arbitrum Nova as Network
Paste your Vault address
Enter the amount you want to transfer
Click Swap and finish the process.
It will take 1-2 minutes and around 1$ in fees.
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