Swim : Seamless Multi-Chain Liquidity Protocol
Swim provides a simple way to transfer tokens across chains via multi-token liquidity pools and Solana’s Wormhole. No more delays, centralized bridges, or wrapped assets.
Swim, is a new kind of cross-chain infrastructure powered by Wormhole and designed for an increasingly multi-chain world. Swim’s goal is to provide the tools necessary for users to swap from native assets on one chain to native assets on another, and in doing so reduce the community’s reliance on current bridges and centralized exchanges.
How Does Swim Work?
Users will be able to interact with Swim’s liquidity pool with native assets on multiple chains. Initially, only stable asset pools will be created on Ethereum, BSC, and Solana to facilitate trading between these chains. The pools on either chain are connected via Wormhole, which helps to relay transaction requests across chains. When a transaction is received by the Swim smart contract, an algorithm will determine the slippage based on the size of the trade and the pool’s composition, providing an execution price.
Swim Features
- Bridging a Multi-Chain World — DeFi has become a fragmented multi-chain universe. Solana ecosystem growth has been stunted due to barriers of entry and a lack of user-friendly bridges. Leveraging Wormhole technology and Solana’s scalability, Swim connects capital seamlessly between networks.
- AMM Style Bridge — Swim’s novel cross-chain stableswap approach to a bridge design makes bridging as easy as trading in a stable swap pool. Users can bridge easier by only using native assets, native gas tokens & wallets while still having all the benefits of Wormhole speed and decentralization.
- Core Building Block — Positioning as a DeFi primitive in the Solana and cross-chain ecosystem, Swim aims to act as the first point of contact for new Solana users, at the same time creating a fundamental building block in the multichain world.
Swim aims to create a quick, seamless experience that links between smart contract chains, eventually creating a network of native asset pools on multiple chains through which users can swap seamlessly from one chain to another without having to use wrapped assets or CEXes.
