What is Magpie? 👇

DeFi is the foundation upon which a fair, trustless, and inclusive global economy is built.

But it also has its fair share of problems that must be addressed for a digital economy to thrive.

Let’s dive in…

Over the last year and a half, crypto has seen the TVL on #blockchains go from less than $1 billion to over $180 billion at its peak. 🤯

As liquidity pours into alternate layer 1 and 2 chains, there is an ever-growing necessity for efficient, secure, and simple cross-chain swaps.


What do the bridges do, you might ask❓

Bridges are often not enough of a solution by themselves, as after using a bridge, you need a DEX or DEX aggregator to complete the process.

To add, most of them are ecosystem-dependent, slow, and semi-centralized.

Here comes Magpie Protocol! 💪

Magpie is a cross-chain swap protocol that only uses bridges to communicate swap signals between chains. It is fast, secure, and chain agnostic, offering a super-slick and unrivaled user experience.

⚡️ The most straightforward way to describe #Magpie is that it facilitates cross-chain swaps without bridging. We accomplish this by using bridges as an inter-chain messaging service through our partner #Wormhole, thus enabling near-instant finality for cross-chain swaps.

Choose the pair and chain(s) of your choice between which you’d like to swap tokens and choose from the list of offers. Magpie then sends a message via the generic messaging layer on Wormhole to initiate and execute a swap across chains. You then receive the asset(s)! 🎉

Using this approach, we believe that Magpie is the future of multi- and cross-chain exchange infrastructure.

We also plan to continue building upon this technology, adding additional #blockchain support, features, and technology to power #DeFi cross-chain infrastructure. 💙

At Magpie, we are proud to help unlock the future of #DeFi, which will be cross-chain, seamless and open.

To learn more, visit our website 👇

https://www.magpiefi.xyz/