Enables low-slippage, cross-chain swaps of native assets like Bitcoin, Solana, and Ethereum without the need for wrapped tokens, using a novel Just-In-Time (JIT) Automated Market Maker (AMM) design. This protocol minimizes slippage and improves pricing for high-liquidity pairs, while supporting seamless integration with other protocols through cross-chain messaging.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cross-chain swaps often rely on wrapped tokens or centralized bridges, introducing security risks, inefficiencies, and friction for users. Existing solutions can suffer from high slippage, especially for large trades involving native assets like Bitcoin, Solana, and Ethereum.
Solution
Chainflip is a decentralized, permissionless protocol that enables low-slippage swaps between native assets across different blockchains, eliminating the need for wrapped tokens. Its novel Just-In-Time (JIT) Automated Market Maker (AMM) design minimizes slippage and optimizes pricing, particularly for high-liquidity pairs. The protocol supports seamless integration with other protocols through cross-chain messaging (CCM), fostering composability within the decentralized finance (DeFi) ecosystem. By providing native support for assets like Bitcoin and application-specific chains, Chainflip unlocks greater capital efficiency and expands the possibilities for cross-chain interactions.
Target Audience
The primary target audience includes cryptocurrency traders, liquidity providers, and DeFi developers seeking efficient, secure, and decentralized cross-chain swapping solutions.
Features
- Just-In-Time (JIT) AMM design to minimize slippage and offer competitive pricing for high-liquidity pairs
- Native asset swaps, eliminating the need for wrapped tokens and bridging
- Cross-chain messaging (CCM) for seamless integration with other DeFi protocols
- Support for Bitcoin, Solana, Ethereum, and other non-EVM chains
- Comprehensive security audit completed by Trail of Bits
- $FLIP token used as collateral for validator network auctions, securing the protocol and liquidity
- Network fees used to buy and burn $FLIP, benefiting token holders