Swingby

Swingby.network operates in the decentralized finance (DeFi) sector, providing a protocol for trustless cross-chain swaps. This allows users to move assets such as Bitcoin onto Ethereum and other blockchains without the need for a trusted intermediary. The company serves DeFi users who require seamless asset transfers between different blockchain ecosystems. Swingby’s core product, Skybridge, is a layer 2 protocol that can connect blockchains that do not support smart contracts, enabling the minting of tokens or provision of liquidity pools. This opens up the DeFi market for a wider range of assets, including those that are not natively supported on Ethereum. Swingby generates revenue through network fees, which are rewarded back to users who run Metanodes or pool liquidity, offering returns of over 52% APR. The business model is built on incentivizing participation in the network through high APR rewards, thereby increasing liquidity and facilitating more transactions. Swingby operates in a market that includes DeFi users, liquidity providers, and blockchain developers looking for cross-chain interoperability solutions.

Keywords: cross-chain swaps, DeFi, Bitcoin, Ethereum, Skybridge, trustless protocol, liquidity pools, Metanodes, APR rewards, blockchain interoperability.