Hey everyone! We keep diving into the multichain world. In our latest Chain Chatter, we had @SimonAHarman from Chainflip, a protocol for native cross-chain swaps that offers low slippage even for the largest transactions.
In this episode:
- Raising early liquidity
- How Chainflip works and its advantages
- Differences from other similar projects
- $5 million in daily organic volume
- Increasing efficiency for traders
- The Chainflip x Solana integration goes to audit next week
When it comes to liquidity, there’s a paradox: you need liquidity to perform large swaps, but you also need swaps to incentivize investors to provide liquidity. Initially, Chainflip's liquidity was primarily sourced through fundraising via their token and various alliances. Over time, this has evolved into a predominantly community-owned liquidity model.
Chainflip stands out by offering native cross-chain swaps with minimal slippage, even for large transactions. Its impressive $5 million in daily organic volume underscores its effectiveness and efficiency for traders.
This remarkable project is actively working to enhance the trading experience with features such as the ability to cancel a swap if it doesn't meet user parameters, refund the money, and try again.
There’s a lot more in this Chain Chatter. For all the juicy details and alpha, check out the video!
Posted Using InLeo Alpha
It’s pretty awesome to see projects like Chainflip focusing on user experience and community-driven liquidity. I absolutely love the progress going on brother
Thorchain, Maya Protocol, Chainflip, Serai DEX are all looking very promising. How many more cross-chain DEXes will enter the marketplace 🤔