Swing Integrates ParaSwap to Increase Cross-Chain Liquidity Through Swing Widget
Swing Integrates ParaSwap to Increase Cross-Chain Liquidity Through Swing Widget
Swing has added ParaSwap to its growing list of supported DEXs, giving cross-chain developers access to more liquidity on demand.
If you’re a seasoned DeFi user, the name ParaSwap should be familiar to you. The DeFi aggregator is famed for its advanced trading options and seamless cross-chain integration that allows for greater price efficiency and order matching.
It should come as no surprise, then, to learn that Swing has elected to integrate with ParaSwap. Deciding to connect ParaSwap’s DeFi trading protocol to Swing’s smart contracts was a no-brainer since there are so many synergies with our cross-chain liquidity solution.
Not only are we excited about the DeFi protocol ParaSwap has created, but we’re extremely bullish on what they’re developing next – which is why we’re delighted to bring ParaSwap’s liquidity and technology into the Swing ecosystem.
Swing Lands More Liquidity Courtesy of ParaSwap
ParaSwap was created to unite the liquidity of decentralized exchanges and lending protocols, aggregating it into a single comprehensive and secure interface. It also develops APIs that allow third-party developers to tap into the ParaSwap protocol and create applications that utilize its preeminent order-routing tech.
Designed for retail as well as institutional traders, ParaSwap’s optimized trading tools unite fragmented liquidity pools, resulting in better price efficiency. ParaSwap has already integrated more than 100 protocols across multiple chains on L1 and L2. This well of user-supplied liquidity is further complemented by exclusive pricing from the leading market makers in DeFi, who provide 0 slippages and MEV-resistant trades.
Swing Widget Collects It All
Swing is on a mission to attract as much cross-chain liquidity as possible, enabling DeFi to realize its full potential and allowing L1 and L2 ecosystems to flourish. This is achieved through the Swing Widget and API, the tools that allow developers to connect their apps to liquidity sources wherever they may lie, be it on EVM or non-EVM networks.
The Swing Widget saves devs from having to get their hands dirty with setting up multiple nodes for each network they wish to utilize, with the commensurate time and costs this entails. But for the Swing Widget to provide a universal cross-chain solution, it needs to be connected to as many protocols and chains as possible.
In this respect, ParaSwap brings plenty to the table. It currently supports Ethereum Mainnet, BNB Smart Chain, Avalanche, Polygon, Fantom, Arbitrum, and Optimism, with more to come in the works.
Connecting ParaSwap’s API to Swing's liquidity smart contracts makes perfect sense, and will benefit end users, who’ll be able to enjoy better pricing, less slippage, and deeper liquidity. This will prove invaluable to them, wherever and whatever they’re trading.
ParSwap’s integration with Swing is further proof that in 2023, cross-chain is becoming a working reality. And it’s only going to get better.
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