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What has the team been working on?

You can now use your Swingby tokens on Smart Chain!

In September Binance launched their Smart Chain, an Ethereum fork that integrates natively into the BNB ecosystem and provides utility functions such as smart-contracts. Swingby is a BEP2 token and long time supporters of BNB, so we welcomed this new addition since it enables us to bridge the existing Swingby BEP2 token onto the BEP20 chain and begin taking advantage of the DeFi platforms there.

This week a new BEP20 Swingby token has been issued which is a 1:1 peg to the existing Swingby BEP2 token. No don’t worry, this does not increase the supply. …


A Deep Dive Into the Development of SWIP-019

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Swingby’s Skybridge network consists of clusters of nodes that use threshold signature cryptography (“TSS”) to form gas-optimized multi-signature wallets that offer token swaps across blockchains.

As announced 2 weeks ago, Swingby Labs partnered with Band Protocol, one of the most competent teams in the oracle space, to provide oracle services on Skybridge.

Curious about how it will work? We’ve got you covered. This article discusses the current development of SWIP-019 and how price oracles will be incorporated into Skybridge to improve its risk management system.

Problems

The current iteration of Skybridge offers bilateral direct swaps between BTC on the Bitcoin blockchain and BTC-pegged assets on Ethereum like WBTC. While these prices are meant to be exchanged at a 1:1 rate (vs. BTC), there might be either temporary or long-lasting deviations due to various factors like markets’ environment (e.g., liquidity shocks) and protocol-specific matters (e.g., …


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Want to trade Swingby? Check us out on CoinGecko or CoinMarketCap.

Get Rewards! Stake your Swingby Token to earn up to 52% annualized (67% compounded) in rewards, airdropped to your wallet weekly. Use the Staking Portal or BitMax.

TestNet Explorer: bridge-testnet.swingby.network/explorer
Staking Program: stake.swingby.network/token/SWINGBY

Discord: https://discord.gg/q3cAjpV
Telegram: t.me/swingby
Twitter: twitter.com/swingbyprotocol
GitHub: github.com/SwingbyProtocol


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Registration Form: https://forms.gle/uKDg3iNCW8XMXJTg9

Calling for Node Operators

Swingby is preparing for its first network launch next month, and the team is looking for dedicated node operators to help run Skybridge.

You don’t have to be an expert system admin to run your own node, but node operators should have a keen interest in server management and spend enough time in Discord to work with the community. There is also an expectation that you will use a reliable server host or cloud with dependable hardware and network access (e.g. AWS, DigitalOcean, Scaleway).

You will also be required to stake a significant amount of Swingby tokens in order to bond these to your node (see below). …


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What is Swingby?

The warp-speed protocol for inter-blockchain swaps, allowing DeFi users to easily move assets between blockchains without the need for a trusted party.

Swingby’s bridge protocol, Skybridge, builds trustless bridges between BTC, Ethereum, Binance Chain, and other blockchains secured by a network of node groups that execute fast token swaps using ‘multi-party computing’ and layer 2 technology.

Skybridge allows users to move Bitcoin tokens between the Bitcoin, Ethereum, and Binance Chain blockchains without relying on a central custodian, opening up a whole world of DeFi capabilities such as liquidity pooling and DEX trading with easy to use UX.

Swingby plans to launch its Ethereum MainNet soon, bringing Bitcoin to an ecosystem that 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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Swingby’s Skybridge is one of the leading cross-chain protocols enabling users to move capital between blockchains such as Bitcoin, Ethereum, and Binance Chain without the need for a trusted party.

Skybridge opens up a world of DeFi capabilities for functions like cross-chain liquidity pooling and trading with an intuitive, user-friendly experience. Users may also use Skybridge to stake their bitcoins and earn rewards.

Following a thorough investigation of the oracle protocols available in the cryptocurrency space, the Swingby team decided to select Band Protocol’s oracles for its price feeds and proof-of-custody features​.

Oracles provided by Band Protocol will help to protect Skybridge through the continuous monitoring of network bonded value and watching for anomalies in asset pricing, adding to the safety of products built on Swingby technology. …


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We are excited to announce our new Amplify campaign. The purpose of this is to encourage our superhero community to help us show the world why the Swingby Chaos-MainNet launch is going to be epic. Also, it will give our community a great chance to win some tokens and get their hands on our latest t-shirt. We call this one #bringBitcoinToDeFi.

How to enter and win the goods

Make sure that you check our Twitter daily and keep a lookout for any of our tweets that include the hashtag #amplifythis. When you see it, simply like and retweet. Done.

You’ll automatically be entered into a lottery and have the chance to win 500 Swingby tokens and our latest #bringBitcoinToDeFi t-shirt. The winner of the lottery will be announced 48hrs after the #amplifythis tweet was posted. …


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The quality of the marketing campaigns will be pretty unique because I believe it’s time for the crypto industry to match technical innovation with creative ways to frame them.”, Vlad Mercori

We recently announced the exact date for the official Chaos-MainNet launch: December 28th. This is the biggest event we have had until now as it will open a new wide and exciting range of possibilities for the DeFi space.

We are committed to deliver our product to our community who stayed with us during the recent market storm. To ensure that everyone hears about what we’ve been doing silently in the last few months, we added Vlad Mercori from StakeBorg as our new marketing advisor. …


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“This launch will be pivotal to Swingby. After December 28th, Swingby will have a fully operational Chaos-Mainnet network which will be generating a tremendous amount of value to the world of DeFi and bringing in a large number of new users” — Yusaku Senga, Founder.

What is Chaos-Mainnet, and why is it so important?

On December 28th, Swingby will be launching its first Chaos-Mainnet bridge, allowing users to easily move their Bitcoins into WBTC on Ethereum without any trusted party. Similarly, the bridge can be used in the opposite direction allowing WBTC-ERC20 tokens to be moved back into native BTCs.

What’s so special about it?

  1. Trustless: Swingby’s Skybridge will be the only way to trustlessly swap BTC into Wrapped Bitcoin (WBTC). …


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What is Swingby?

The warp-speed protocol for inter-blockchain swaps, allowing DeFi users to easily move assets between blockchains without the need for a trusted party.

Swingby’s bridge protocol, Skybridge, builds trustless bridges between BTC, Ethereum, Binance Chain and other blockchains secured by a network of node groups that execute fast token swaps using ‘multi-party computing’ and layer 2 technology.

Skybridge allows users to move Bitcoin tokens between the Bitcoin, Ethereum and Binance Chain blockchains without relying on a central custodian, opening up a whole world of DeFi capabilities such as liquidity pooling and DEX trading with easy to use UX.

Swingby plans to launch its Ethereum MainNet in early 2021, 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. …

About

Swingby Protocol

The fastest protocol for cross-chain swaps, allowing DeFi users to move assets between blockchains without the need for a trusted party. https://swingby.network

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