Swingby Skybridge

Swingby Skybridge

Status

Volume data is untracked

This project is featured as an 'Untracked Listing'

For more details on the listing tiers, please refer to Listings Review Criteria Section B - (3)

About Swingby Skybridge

Skybridge is a trustless token bridge that uses its proof-of-stake network to perform cross-chain swaps, allowing DeFi users to move assets between blockchains without a trusted party.

Skybridges main use cases are: - Moving assets across chains, i.e Bitcoin to WBTC on Ethereum - Liquidity farming - Metanode operation

Technically, each Skbirdge "bridge" consists of 50-100 Metanodes that use the latest in threshold signature cryptography ("TSS") and multi-party computing ("MPC") research to deliver a layer-2 cross-chain bridging protocol for users to move their assets from one blockchain to another. Each bridge exists as a proof-of-stake network.

All fees gathered by the Skybridge network are given back to network participants to incentivize further pooling of liquidity and the operation of Metanodes.

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