#4
What will make Swing different from the rest of the DEXes available?
Swing is a DEX liquidity aggregator and not a standalone DEX. We have integrated MDEX into our Binance Smart Chain alpha and source liquidity from DEXEs like MDEX, PancakeSwap, Uniswap, Dfyn, Quickswap and many more.
What will make Swing different from the rest of the DEXes available?
Swing is a DEX liquidity aggregator and not a standalone DEX. We have integrated MDEX into our Binance Smart Chain alpha and source liquidity from DEXEs like MDEX, PancakeSwap, Uniswap, Dfyn, Quickswap and many more.
#5
Why does DeFi Need Cross-Chain DEX Aggregators? What role does DEXs play in the overall ecosystem of DeFi, and vs CEXs?
The crypto landscape remains to be fragmented with liquidity still lacking on individual DEXes compared to their CEX counterparts. As a result, liquidity aggregators like Swing have emerged to pool that fragmented liquidity together into a single platform and solve this problem.
Unfortunately, multi-chain accessibility is limited as DEX aggregators today are predominantly ERC20-based, only able to connect to liquidity pools on Ethereum. They also struggle to compete in terms of trading volume compared to centralized alternatives. This has forced crypto traders to return to multiple or aggregated CEX platforms to access a full range of tokens, defeating the purpose of permissionless DeFi in the first place.
As a cross-chain DEX liquidity aggregator, Swing can support a broad range of token types, expanding the accessible liquidity siloed within multiple blockchain ecosystems. This means increased liquidity, increased trading volumes, and increased access to crypto as a whole ecosystem.
Why does DeFi Need Cross-Chain DEX Aggregators? What role does DEXs play in the overall ecosystem of DeFi, and vs CEXs?
The crypto landscape remains to be fragmented with liquidity still lacking on individual DEXes compared to their CEX counterparts. As a result, liquidity aggregators like Swing have emerged to pool that fragmented liquidity together into a single platform and solve this problem.
Unfortunately, multi-chain accessibility is limited as DEX aggregators today are predominantly ERC20-based, only able to connect to liquidity pools on Ethereum. They also struggle to compete in terms of trading volume compared to centralized alternatives. This has forced crypto traders to return to multiple or aggregated CEX platforms to access a full range of tokens, defeating the purpose of permissionless DeFi in the first place.
As a cross-chain DEX liquidity aggregator, Swing can support a broad range of token types, expanding the accessible liquidity siloed within multiple blockchain ecosystems. This means increased liquidity, increased trading volumes, and increased access to crypto as a whole ecosystem.
#6
What key problems does Swing solve?
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 to 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.
1. Communication across multiple blockchains utilizing bridges and relayers
2. High slippage - a lack of liquidity, especially for low cap coins, makes it impossible to execute large trades without high slippage
3. Fair pricing - prices often change (sometimes every second) across exchanges on different blockchains. We aim to aggregate all top trade pairs and offer our users the best price every time
What key problems does Swing solve?
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 to 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.
1. Communication across multiple blockchains utilizing bridges and relayers
2. High slippage - a lack of liquidity, especially for low cap coins, makes it impossible to execute large trades without high slippage
3. Fair pricing - prices often change (sometimes every second) across exchanges on different blockchains. We aim to aggregate all top trade pairs and offer our users the best price every time
#7
Where does the idea for the projects’ name come from?
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.
The founder, Viveik Vivekananthan, started with a strong desire to create a cross-chain liquidity solution for projects on the Polkadot and Ethereum ecosystems. Since then, the value proposition this technology offers to crypto users has become evident, the revenue Swing can generate in the immediate future will grow exponentially if the project offers 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.
Where does the idea for the projects’ name come from?
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.
The founder, Viveik Vivekananthan, started with a strong desire to create a cross-chain liquidity solution for projects on the Polkadot and Ethereum ecosystems. Since then, the value proposition this technology offers to crypto users has become evident, the revenue Swing can generate in the immediate future will grow exponentially if the project offers 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.
#8
What are the token’s use cases?
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.
What are the token’s use cases?
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.
#9
What can I do on Swing?
Swing's cross-chain swap feature allows two tokens to be exchanged in a trust-less manner quickly. We aggregate DEX liquidity across every major blockchain, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum, Optimism, Polkadot, Solana and more.
🔸Move liquidity between blockchains- seamlessly transfer liquidity with low slippage on any chain and provide liquidity to DEXes, yield farms, lending/borrowing and staking protocols.
🔸Earn Swing Tokens- participate in our staking program and earn token cashflows in the form of Swing as positive slippage is generated on our trading platform.
🔸Power your project with Swing API- interested in using Swing to power cross-chain trades or add TVL to your protocol? Reach out, and we'll get in touch directly: viveik@swing.xyz.
What can I do on Swing?
Swing's cross-chain swap feature allows two tokens to be exchanged in a trust-less manner quickly. We aggregate DEX liquidity across every major blockchain, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum, Optimism, Polkadot, Solana and more.
🔸Move liquidity between blockchains- seamlessly transfer liquidity with low slippage on any chain and provide liquidity to DEXes, yield farms, lending/borrowing and staking protocols.
🔸Earn Swing Tokens- participate in our staking program and earn token cashflows in the form of Swing as positive slippage is generated on our trading platform.
🔸Power your project with Swing API- interested in using Swing to power cross-chain trades or add TVL to your protocol? Reach out, and we'll get in touch directly: viveik@swing.xyz.
#10
How does the Swing aggregator work?
To demonstrate how the Swing aggregator works, let's go over an example:
Assume the user wants to swap 10 UNI on Ethereum to USDC on Polygon.
1) Swing aggregator will check liquidity pools on Ethereum and other EVM-compatible chains, e.g. Polygon, Arbitrum, Avalanche, and BSC.
2) The aggregator will consider not only UNI to USDC pools from various DEXes both on Ethereum and cross-chain blockchains, but it will also include intermediate pools, e.g. UNI to USDT then USDT to USDC.
3) As demonstrated in the figure below, assets are nodes, while the expected returns from liquidity pools are the distance between each asset.
4) To find the best path from UNI to USDC, the aggregation algorithm will divide the input amount through linear interpolation and fetch the price based on these input amounts on both Ethereum and cross-chain blockchains.
5) It will then combine the paths together and output a final price for each chain. After comparing the price across chains, the aggregation algorithm will return the expected return with the recommended chain.
How does the Swing aggregator work?
To demonstrate how the Swing aggregator works, let's go over an example:
Assume the user wants to swap 10 UNI on Ethereum to USDC on Polygon.
1) Swing aggregator will check liquidity pools on Ethereum and other EVM-compatible chains, e.g. Polygon, Arbitrum, Avalanche, and BSC.
2) The aggregator will consider not only UNI to USDC pools from various DEXes both on Ethereum and cross-chain blockchains, but it will also include intermediate pools, e.g. UNI to USDT then USDT to USDC.
3) As demonstrated in the figure below, assets are nodes, while the expected returns from liquidity pools are the distance between each asset.
4) To find the best path from UNI to USDC, the aggregation algorithm will divide the input amount through linear interpolation and fetch the price based on these input amounts on both Ethereum and cross-chain blockchains.
5) It will then combine the paths together and output a final price for each chain. After comparing the price across chains, the aggregation algorithm will return the expected return with the recommended chain.
#11
Who keeps the custody of assets while trading?
Swing uses smart contracts to secure transactions. Crypto assets are stored on a contract wallet and can be viewed publicly, and are traceable and irreversible. Non-custodial means only you have access to your crypto assets.
Who keeps the custody of assets while trading?
Swing uses smart contracts to secure transactions. Crypto assets are stored on a contract wallet and can be viewed publicly, and are traceable and irreversible. Non-custodial means only you have access to your crypto assets.
#12
How are the prices of assets determined on Swing?
The Swing protocol navigates multiple liquidity sources per token pair. Every liquidity source has its own algorithm, and Swing will fill the order using the best offers received from liquidity sources like Uniswap, Dfyn, Quickswap, Bancor, Sushiswap, Polkaswap, Kyber Network.
How are the prices of assets determined on Swing?
The Swing protocol navigates multiple liquidity sources per token pair. Every liquidity source has its own algorithm, and Swing will fill the order using the best offers received from liquidity sources like Uniswap, Dfyn, Quickswap, Bancor, Sushiswap, Polkaswap, Kyber Network.
#13
Are there any risks in using Swing?
The Swing protocol smart contracts will be audited, and it is designed with security as its top priority. As a result, the code will be audited twice by professional security firms during our testnet and cross-chain deployment.
Are there any risks in using Swing?
The Swing protocol smart contracts will be audited, and it is designed with security as its top priority. As a result, the code will be audited twice by professional security firms during our testnet and cross-chain deployment.
#14
Will Swing help in providing liquidity?
We currently do not have plans to operate our own DEX. Liquidity provisions are typically provided to DEXes and not necessarily to an aggregator. Being the Expedia for Crypto is our goal.
Will Swing help in providing liquidity?
We currently do not have plans to operate our own DEX. Liquidity provisions are typically provided to DEXes and not necessarily to an aggregator. Being the Expedia for Crypto is our goal.
#15
What are the current collaborations in place?
We have been fairly selective in our partnership exploration. However, several companies we are collaborating with will help us with the launch of Swing. Currently, we are collaborating with Republic Crypto, Manta Network, Polygon and a few other industry leaders.
With Manta Network, our collaboration allows us to boost liquidity and enable permissionless cross-trading with privacy.
Republic Crypto has served as our advisors to Swing. They have been instrumental in our go-to-market strategies and scaling initiatives.
Polygon - needs no introduction. We have collaborated with Polygon Network to deploy our first liquidity aggregator.
What are the current collaborations in place?
We have been fairly selective in our partnership exploration. However, several companies we are collaborating with will help us with the launch of Swing. Currently, we are collaborating with Republic Crypto, Manta Network, Polygon and a few other industry leaders.
With Manta Network, our collaboration allows us to boost liquidity and enable permissionless cross-trading with privacy.
Republic Crypto has served as our advisors to Swing. They have been instrumental in our go-to-market strategies and scaling initiatives.
Polygon - needs no introduction. We have collaborated with Polygon Network to deploy our first liquidity aggregator.
#16
How does the partnership with Republic Crypto look like, and how can they help Swing?
Engaging and working with Republic Crypto was a big win for Swing. The Republic Crypto team works in selective advisory engagements to bring the best crypto projects from seed to liquidity, skipping no steps in between. This will only propel Swing to the next level.
By tapping into Republic Crypto’s deep regulatory experience, vast technical expertise, and extensive network of investors and ecosystem partners, we are confident that we can enhance Swing and fulfil our ultimate ambition of becoming the most trusted and widely-used multi-chain crypto liquidity protocol in the industry.
How does the partnership with Republic Crypto look like, and how can they help Swing?
Engaging and working with Republic Crypto was a big win for Swing. The Republic Crypto team works in selective advisory engagements to bring the best crypto projects from seed to liquidity, skipping no steps in between. This will only propel Swing to the next level.
By tapping into Republic Crypto’s deep regulatory experience, vast technical expertise, and extensive network of investors and ecosystem partners, we are confident that we can enhance Swing and fulfil our ultimate ambition of becoming the most trusted and widely-used multi-chain crypto liquidity protocol in the industry.
#17
What chains are currently live on Swing?
Our approach to realizing our vision for true cross-chain swaps will happen in steps as we ship and integrate various blockchains into our platform.
We currently support Polygon, Binance Smart chain, Avalanche, Arbitrum and Ethereum in our liquidity aggregator protocol.
What chains are currently live on Swing?
Our approach to realizing our vision for true cross-chain swaps will happen in steps as we ship and integrate various blockchains into our platform.
We currently support Polygon, Binance Smart chain, Avalanche, Arbitrum and Ethereum in our liquidity aggregator protocol.
#18
When looking at all the different chains (layer 1, 2 etc.) — How do you evaluate or prioritize which chains to focus on?
We try to keep the process of evaluating and prioritizing chains fairly straightforward. At Swing, we look at blockchains that have a thriving DeFi ecosystem with active AMM DEXes, lending/borrowing protocols, farming initiatives, and high TVL’s across the board.
More importantly, if our community expresses a deep interest in a particular blockchain ecosystem, we will be more likely to integrate this as we move towards a fully decentralized protocol/DAO.
When looking at all the different chains (layer 1, 2 etc.) — How do you evaluate or prioritize which chains to focus on?
We try to keep the process of evaluating and prioritizing chains fairly straightforward. At Swing, we look at blockchains that have a thriving DeFi ecosystem with active AMM DEXes, lending/borrowing protocols, farming initiatives, and high TVL’s across the board.
More importantly, if our community expresses a deep interest in a particular blockchain ecosystem, we will be more likely to integrate this as we move towards a fully decentralized protocol/DAO.
#19
Prior to the rebrand to Swing, there had previously been an alpha testing group. Is this still ongoing, and will it enable a greater whitelist opportunity?
The alpha test group is an ongoing effort where community members help test our product and ensure we ship a solid product. This is a separate effort from the whitelist, which was closed back in March. Alpha test members will be given special access to the public sale for their efforts. We will also have more opportunities for new joiners to participate in the public sale via a future whitelist process.
Prior to the rebrand to Swing, there had previously been an alpha testing group. Is this still ongoing, and will it enable a greater whitelist opportunity?
The alpha test group is an ongoing effort where community members help test our product and ensure we ship a solid product. This is a separate effort from the whitelist, which was closed back in March. Alpha test members will be given special access to the public sale for their efforts. We will also have more opportunities for new joiners to participate in the public sale via a future whitelist process.
#20
Does the team have a current roadmap?
The roadmap is currently in the process of being updated, documentation wise there is a lot of information here. It is ideal to start as an introduction to what we are trying to do with the Swing project - documentation.swing.xyz
Does the team have a current roadmap?
The roadmap is currently in the process of being updated, documentation wise there is a lot of information here. It is ideal to start as an introduction to what we are trying to do with the Swing project - documentation.swing.xyz
#21
The project was recently a feature of an article on Yahoo Finance. Is there a link for the article?
As part of the rebrand and the marketing efforts, we were recently featured on Yahoo in an article that can be found here
The project was recently a feature of an article on Yahoo Finance. Is there a link for the article?
As part of the rebrand and the marketing efforts, we were recently featured on Yahoo in an article that can be found here
Yahoo Finance
Polkaswitch is Rebranding as Swing
Former Apple Execs Bringing Cross-Chain Liquidity to All Major BlockchainsSAN FRANCISCO, CA / ACCESSWIRE / October 14, 2021 / Decentralized multi-chain liquidity aggregation protocol Polkaswitch is rebranding as Swing to help realize the founders' mission…
#22
What were the reasons behind the rebrand and name change?
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.
For more information about the rebrand and name change, please have a look at our medium article here
What were the reasons behind the rebrand and name change?
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.
For more information about the rebrand and name change, please have a look at our medium article here
Medium
Introducing Swing: The New Name for Cross-Chain
Following a strategic rebrand, Polkaswitch is now Swing!
#23
Is there a link to your documentation or roadmap anywhere? What other social media links do you have?
The latest up to date documentation is over at documentation.swing.xyz
We also have the current rebranded social media channels -
- New Swing Website: swing.xyz
- New Careers Page (Angel list): https://angel.co/company/swingxyz
- New Twitter: https://twitter.com/swing_xyz
- New Medium: https://swingxyz.medium.com/
- New Telegram: @swingxyz
Is there a link to your documentation or roadmap anywhere? What other social media links do you have?
The latest up to date documentation is over at documentation.swing.xyz
We also have the current rebranded social media channels -
- New Swing Website: swing.xyz
- New Careers Page (Angel list): https://angel.co/company/swingxyz
- New Twitter: https://twitter.com/swing_xyz
- New Medium: https://swingxyz.medium.com/
- New Telegram: @swingxyz
AngelList
Swing Careers
Find out if Swing is the right fit for your future career! Explore jobs, salary, equity, and funding information. Read about work-life balance, perks, benefits, and the company culture!
#24
Why is decentralized trading needed in the first place?
Well, for a start, because centralized trading platforms have repeatedly shown that they cannot be trusted. Swing Promises to Capture the Full Potential of Trustless Crypto Trading Broker-dealers regularly provoke the ire of regulators by misleading clients, ignoring market abuse, and even selling order flows to high-frequency trading firms who then front-run trades to shaft regular retail users.
We believe that there’s got to be a better way!
Read about it in the full article below
https://swingxyz.medium.com/swing-promises-to-capture-the-full-potential-of-trustless-crypto-trading-9db08a10f5ef
Why is decentralized trading needed in the first place?
Well, for a start, because centralized trading platforms have repeatedly shown that they cannot be trusted. Swing Promises to Capture the Full Potential of Trustless Crypto Trading Broker-dealers regularly provoke the ire of regulators by misleading clients, ignoring market abuse, and even selling order flows to high-frequency trading firms who then front-run trades to shaft regular retail users.
We believe that there’s got to be a better way!
Read about it in the full article below
https://swingxyz.medium.com/swing-promises-to-capture-the-full-potential-of-trustless-crypto-trading-9db08a10f5ef