Unlocking Revenue Streams: Monetizing Cross-Chain Transactions with Swing
All integration partners can set up monetization to collect fees for the transaction volume. There is no need for extensive technical expertise to integrate liquidity across multiple chains.
The blockchain industry is constantly growing, which increases infrastructure demands and requires modern tech solutions. The complexity and inefficiency of cross-chain transactions are common roadblocks not only for customers but also for developers.
In this dynamic landscape, Swing aims to streamline the process of liquidity onboarding for blockchain projects.
Our developer-friendly API/SDK/Widget is designed to streamline cross-chain communication. Swing links dApp developers with blockchains, ecosystems, and decentralized liquidity, serving as a unified platform for liquidity integration. Swing aggregates seamlessly across cross-chain bridges, DEXes, and DEX aggregators.
All integration partners can set up monetization to collect fees for the transaction volume. There is no need for extensive technical expertise to integrate liquidity across multiple chains.
Let’s take a closer look at how it works in practice.
Setting Up Monetization with Swing
Here’s a simple step-by-step guide on how Swing partners can easily set up monetization for their integration:
Become a Partner. Fill in a simple Google Form, and we’ll get back to you.
Set up your integration with the ProjectId to ensure the fees are collected to the correct account. There are different setups for an API/SDK/Widget.
Contact the Swing team to set up Partner Fees. Provide the following information:
ProjectId
Partner fee percentage (0% - 10%)
Wallet address
Once the Contract is set up and your integration passes the ProjectId, Swing will start collecting the Partner Fee from your integration’s transaction volume.
The Partner Fee percentage (from 0% to 10%) is set during the integration with Swing and can be adjusted according to the integrator's preferences. You can freely set up any % within the range from 0 to 10 that will be deducted from the app user’s cross-chain transaction.
Let’s say you choose 2%, and a user sends 100 USDC from BSC to Ethereum. 2 USDC is deducted from the sending token amount and collected in the FeeCollect contract.
Revenue Sharing Model & Fee Flexibility
As an infrastructure provider, we implemented a unique revenue-sharing model. For every transaction, Swing takes 15% of the collected fees towards the Swing treasury.
From the previous example, the user’s cross-chain transaction fee is 2 USDC. From this amount:
1.7 USDC is allocated to your protocol’s registered wallet
0.3 USDC is allocated to Swing's wallet
Swing fosters a transparent and collaborative approach to revenue sharing within the ecosystem. This revenue-sharing model enables steady growth and technological innovation in our ecosystem so both dApp developers and end users get the best experience.
Note that the fees are collected on every chain and for every token individually. If the integrator does not charge any fees, Swing doesn't collect any additional fees (bridge and gas fees still apply).
Monetized Routes
ParaSwap
deBridge
Celer cBridge
Across
Hop Protocol
Stargate
Hyphen
The Power of Monetization
As the potential of web3 continues to unfold and new technologies emerge, businesses operating in this sector must comprehend the nuances of crypto-native monetization to unlock new revenue streams, improve scalability, and achieve better user experience.
By integrating Swing, dApp developers leverage its cross-chain liquidity and bridge aggregation features to enhance their monetization strategies and create new revenue streams within their apps.
Conclusion
Here are key takeaways from Swing’s unique monetization feature:
Flexible Fee Structure: Partners can set a fee percentage ranging from 0% to 10% during integration with Swing, allowing them to choose a fee percentage that aligns with their business needs and requirements.
Transparent Unique Revenue Sharing: Swing takes 15% of the collected fees towards its treasury as a revenue-shared model.
Enhanced Revenue Streams: Integrators can create new revenue streams within their applications by leveraging Swing's cross-chain liquidity and bridge aggregation features.
Collaborative Growth: By embracing a collaborative approach, Swing fosters an environment where developers, projects, and users can work together to leverage the benefits of cross-chain liquidity and bridge aggregation, ultimately fostering growth within the Swing ecosystem.
Developer-friendly: simple-to-use tools that enable easy integration of crypto bridging and decentralized liquidity solutions into web, mobile, and web3 applications.
With Swing, you have the access to:
Liquidity from 100+ Blockchains, Bridges, and DEXes;
No-Code tool to manage your cross-chain integrations;
Seamless user onboarding experience;
Implementation of cross-chain deposit solutions;
dApp Monetization.
Join the ever-growing community of Web3 dev teams that are using our platform and enhance your revenue stream in the vast world of cross-chain ecosystems.
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