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Swingby Labs was launched in Singapore in 2018 by a group of crypto enthusiasts joining forces to make tools to connect Bitcoin with other blockchains.
Swingby’s bridge protocol, Skybridge, builds trustless bridges between BTC, Ethereum, Binance Chain and other blockchains secured by a network of nodes that execute fast token swaps using layer 2 ‘multi-party computing’ technology. It allows users to move Bitcoin tokens between the Bitcoin, Ethereum, and Binance Chain blockchains without relying on a central custodian, opening up a world of DeFi capabilities such as liquidity pooling and DEX trading with easy to use UX.
Swingby’s testnet bridge has transacted over $14 Billion in testnet BTC capital between the Bitcoin and Binance Chain blockchains, and its decentralized technology has been fully battle tested in live high volume environments. The technical documentation for Skybridge is located here: https://skybridge-docs.swingby.network
In early 2021, Swingby plans to launch its Ethereum MainNet, bringing Bitcoin to an ecosystem which already has $750MM in Bitcoin capital locked up in DeFi contracts. Building on exciting partnerships with projects such as Elrond, Waves and Kira Protocol, Swingby aims to expand its reach to other chains and projects, adding support where the most value can be added.
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Aug 17, 2020 (5 months ago)
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