May [at] Swing (2023)
Product & Growth Updates
Swing is excited to share the latest updates for the month of May. The Swing team has been diligently working on expanding cross-chain capabilities to provide Web3 developers with enhanced interoperability and liquidity options. In this product update, we will highlight the key features and partnerships that make Swing a game-changer in the decentralized ecosystem.
Cross-Chain Contract Calls
Responding to the demands of our users and the projects we collaborate with, Swing is thrilled to announce the launch of cross-chain contract calls. This highly anticipated feature enables interoperability between major blockchain ecosystems. With cross-chain contract calls, developers can execute transactions on the destination blockchain after bridging the tokens, all within a single transaction on the source blockchain. This eliminates the need for multiple steps and separate transactions on different networks.
For instance, converting MATIC on Polygon to ETH on Ethereum usually requires multiple transactions. However, with Swing, this can now be accomplished in a single transaction on Polygon. By passing the destination swap contract call data through a bridge, the final swap is executed for the user, and the swapped tokens are sent to the user’s wallet. Cross-chain contract calls are currently supported between Ethereum, BSC, Avalanche, Polygon, Arbitrum, Optimism, and Fantom blockchains via the Stargate bridge. More bridges are coming soon.
Cross-chain contract calls unlock a world of possibilities for developers and users. Some use cases include cross-chain staking, lending, and liquidity protocol deposits. With this feature, developers can deliver a frictionless user experience allowing any user on any chain to participate in their protocols.
We invite you to share your unique use case with us, and our team will be delighted to discuss how Swing can assist you in achieving your goals.
Check out our docs to learn more about the Cross-Chain Contract-Calls API: https://developers.swing.xyz/reference/api/contract-calls-about
Swing x Osmosis
Swing is thrilled to collaborate with Osmosis, a decentralized exchange (DEX) and automated market maker (AMM) protocol within the Cosmos ecosystem. Our integrators have expressed great interest in cross-chain swaps and liquidity bridging between EVM and Cosmos chains. To fulfill this demand, Swing has developed a cross-chain Osmosis contract that is ready to be deployed to the Osmosis mainnet.
To deploy the contract, Swing is actively participating in the Osmosis governance process, seeking approval through on-chain validator voting. We invite the community to engage in our proposal on Commonweath and join the discussion to support Swing's journey into Cosmos.
Integration Updates
Swing continues to expand its network of partners and integrations to enhance cross-chain liquidity. We are excited to announce our recent integrations with Hop, ParaSwap, and Across. These integrations enable seamless cross-chain swaps and liquidity transfers, providing users with increased flexibility and accessibility.
Community and Partner Updates
Swing values its vibrant community, and we are constantly engaging in conversations and partnerships to further advance the Web3 ecosystem. Recently, we had an insightful conversation about going cross-chain with CelerNetwork’s team, exploring the possibilities of bridging liquidity across chains.
We are also thrilled to announce our partnership with Rivera Money, which will be integrating the Swing SDK to enable cross-chain liquidity for its users. This collaboration will unlock new opportunities and empower users with seamless access to cross-chain assets.
Interested to know what Swing’s Business Model is? Listen to our recent Across Panel Discussion on Twitter.
As Swing continues to innovate and expand its cross-chain capabilities, users can expect more exciting features and partnerships in the future. The introduction of cross-chain contract calls, and collaboration with Osmosis and other prominent protocols, as well as new integrations, reflect Swing's commitment to enabling seamless interoperability and unlocking vast cross-chain liquidity.
Stay tuned for more updates and announcements as Swing remains at the forefront of driving decentralized finance toward a more interconnected and accessible future.
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