Introducing Swing: The New Name for Cross-Chain
Following a strategic rebrand, Polkaswitch is now Swing!
Swing is a cross-chain liquidity protocol. We help traders and yield farmers move crypto capital efficiently across blockchains.
Our name might be new to you but our team should be anything but: you already know us as Polkaswitch. It’s a name that served us well 12 months ago, as we embarked on a mission to bring cross-chain services to the Polkadot ecosystem. Since then, however, our role has evolved as we’ve expanded to other chains, calling for a rebrand that reflects the state of play today.
We initially started off with the vision of building on Polkadot, but that goal has snowballed as we’ve begun to build across Polygon, Binance Smart Chain, Avalanche, Arbitrum, Optimism, HECO, Near, Solana, Terra, Harmony, and Fantom.
Swing is a name that encapsulates the ease with which users can glide between networks using the multi-chain platform we’ve spent the past year perfecting.
We believe that the future of DeFi and trading is multi-chain. With the Cambrian explosion of blockchains across L1s and L2s, we are excited to be helping decentralized finance realize its full interoperable potential.
While we have rebranded, our vision remains the same: to deliver the best cross-chain trading experience for traders.
What Is Swing and Why the New Name?
Swing is a decentralized cross-chain crypto protocol that aggregates liquidity from decentralized exchanges (DEX) and bridges across major blockchains. It powers trading for thousands of popular cryptocurrencies.
Why the new name? The answer is simple. The founder, Viveik Vivekananthan, started with a strong desire to create a cross-chain liquidity solution for projects on the Polkadot and Ethereum ecosystems. It has since become evident that the value proposition this technology offers to crypto users, and the revenue Swing can start generating in the immediate future will grow exponentially if the project can offer cross-chain liquidity capabilities across all major blockchains.
The first targets include Polygon, Binance Smart Chain, Avalanche, Arbitrum, Optimism, HECO, Near, Solana, Terra, Harmony, and Fantom.
With a mission and a vision that stretch far beyond the Ethereum and Polkadot ecosystems, it makes sense to embrace a new name that matches the ambitions of the cofounders. Swing’s base of 14,000 Telegram users is continuing to grow fast and the rebrand will only heighten the excitement and awareness of the project in the crypto community.
Swing’s Competitive Advantage
Swing enables users to move crypto assets from one blockchain to another and execute cross-chain trades and swaps in a decentralized fashion. As a native liquidity aggregator, Swing can find the best available routes across all liquidity sources and bridges and sort them by cheapest, fastest or best return on the destination chain.
With the myriad of options available to bridge assets using the likes of Connext, Hop, Anyswap, cBridge, deBridge, Rainbow Bridge, Wormhole, Harmony Bridge (the list goes on!), it can become confusing to users as to which route works best. With Swing, we help remove that confusion by always determining the best route. Depending on the bridge selected, there may ordinarily be high slippage or higher gas costs. Swing automatically evaluates all possible routes and recommends this to defi users.
Trade any asset on any chain
A bridge to every major blockchain ecosystem. Discover the most efficient trading routes across Ethereum, Polygon, Moonriver, Avalanche, Arbitrum, Binance Smart Chain and more.
Move liquidity between chains
Seamlessly transfer liquidity with low slippage on any chain and provide liquidity to DEXes, yield farms, lending/borrowing and staking protocols.
Secure the best price across all exchanges
Swing matches or beats market swap prices and shows you exactly how your swap compares to other exchanges.
Introducing the Swing Token
The Swing token is a governance token, standardized with ERC20. It is a native token to the Swing network and DAO of traders, liquidity providers and stakers. Token cashflows are generated from fees and positive slippage.
We are excited to share more about the Swing token, token economies and the upcoming documentation in an upcoming post.
Current Whitelist & Alpha Members: We haven’t forgotten about you. We will share details to get previous whitelist members early access to an upcoming IDO when it happens. Current whitelist members will have first access to get into the public sale to prequalify.
Future Whitelist: Missed out previously? No problem. There will be more opportunities to join our upcoming launch and we are excited to have you be part of the Swing community.
Join the Swing Community
Telegram: https://t.me/swingxyz
Twitter: https://twitter.com/swing_xyz
Medium: https://swingxyz.medium.com/
