Our smart contracts are open source, but our API is not. This is our competitive advantage and we're handling it and aligning our strategy with the big DEX aggregators like 1inch and Paraswap, who also keep their API closed source.
While our smart contracts are obviously running decentralized, our backend has to be centralized.
Why? The amount of data processing can't be processed on the blockchain in a fast enough manner and at the same time, it would cost hundreds of dollars per swap-computation from a gas-fee perspective.
Will it change? If the future allows it, we'd also love to decentralize our infrastructure. We know that some projects are working on this and we're watching them closely. Around that, we also need a proper dev-ops ecosystem that allows us to keep such an infrastructure up and running, maintain it while keeping it fast and secure for the user.
We move forward in a three-step way:
Assess existing bridges on their capabilities (which chains are supported) and security
Check if all existing chains in our system are least supported by two bridges we've implemented. That way we make sure that there is a fallback solution should liquidity be empty or if we have to turn a bridge of due to a hack or something else
Either implement a bridge that backs up another or a bridge that expands our capabilities to bridge towards new chains.
Each bridge is graded manually and automatically based on qualitative and quantitative factors. Qualitative factors are for example trust assumptions and attack vectors. Quantitative factors can be measured like speed, fees, gas costs, and reliability. Our algorithm adjusts its decision-making based on these factors and generally acts after our default prioritization pattern which says security > speed > costs. We believe that this pattern provides the most responsible and sustainable user experience. The prioritization pattern can be adjusted by anyone implementing our bridge aggregation protocol or SDK.
Yes, we support whitelisting and blacklisting of certain bridges. We also allow to prioritize one bridge over the other and we allow to change the default prioritization pattern. That way we allow you to act biased. For example, because you might like a certain bridge protocol or DEX aggregator or because you don't trust certain others.
Yes, over 50% of all bridge developers have actually invested in us. We're very close to them as we bring them more volume.
Because we're the most focused company in the space. We do just one thing, B2B, and do that really well. On top, we have an experienced team with a lot of experience building SDKs and integrations and know how to build a sustainable and smooth company structure and developer environment around that.
No matter if Ethereum will own the majority of the market, there will be multiple chains:
making Ethereum more scalable (optimistic- and zk-rollups)
trying to compete with Ethereum (see Solana, Terra, Near, Tezos, etc.)
provided by large companies or nation-states
application focused ones (e.g. financial, gaming, social, data storage, data processing (e.g. bioinformatics)
Liquidity will have to be bridged and a one-stop solution/an aggregator for that will always find its space.
We are in contact with multiple audit firms, and will be doing multiple audits of our smart contract one after another.
Yes, we have two kill switches: 1. on API level where our route calculation starts ignoring the bridge and 2. on smart contract level - whereby we also provide the option to ignore kill switch checks for the protocol that have integrated us very deeply.
LI = Linked
Liquidity is fragmenting and your users might come from everywhere
Two options
You could either tell your users to use a bridge that sends them away, creates friction, reduces your conversion rates and is a communication overhead
You implement one or more bridges by yourself
Option b) is the better one, but it comes with a lot of drawbacks
One bridge is not enough, either because there is no bridge supporting all chains or because the bridge might get hacked or doesn't have sufficient liquidity in which cases you need to have a fallback solution
Bridges are still immature and will change often, which creates unnecessary dependency and maintenance overhead.
Implementing a bridge is not enough, you also need them to connect to DEX aggregators and DEXes to have a real benefit. Bridges are just focusing on stable-coins and native currencies.
As soon as you have implemented multiple bridges, you also need a lot of business logic to decide when to use which bridge.
We work with almost 20 people on doing nothing else than that: bridge aggregation
test
Loyalty Pass is a set of credentials that quantify users' interactions with LI.FI & Jumper.
Currently, we are quantifying on-chain volume, transactions and number of chains. Will be expanded to a more robust system, which will include off-chain actions (such as Discord activity, campaign and AMA participation).
Our goal is to partner with other protocols that would allow different benefits to credential holders. In the next few months, we will be announcing different partnerships that will make navigating through the DeFi ecosystem a breeze.
No, we do not charge any additional fees.
It depends on the route you select. For faster bridging times, select "instant" in swap settings
Supported networks for swaps include Ethereum, Polygon, Binance Smart Chain, Gnosis, Fantom OKXChain, Avalanche, Arbitrum, and Optimism.
To use this new feature:
Head to https://dew.gg/
In the right top-hand corner click “bridge”
Select the chain you’re bridging from
Select the asset you want to bridge/swap
Insert the amount
Confirm & sign the transaction
You now have funds on Polygon and are ready to buy NFTs
18 chains, including Ethereum, Arbitrum, Polygon, Optimism, Base & more. To see the full list click on "chains" in the LI.FI widget.
Ethereum, BSC, Arbtirum, Polygon, Optimism, and Avalanche.
Ethereum, BSC, Arbitrum, Polygon, Optimism, Avalanche, Base, zkSYNC, Gnosis, and Fantom
Supported networks for this partnership include Ethereum, BSC, Arbitrum, Polygon, Optimism, Avalanche, Base, zkSYNC, Linea, Polygon zkEVM, Gnosis, Aurora, Fantom, OXK, Boba, Moonbeam, Moonriver, Fuse and Velas.
There are two types of collaterals in JOJO: USDC and JUSD
JOJO does not charge any deposit fee or withdraw fee for any cryptocurrency, but there will be a transfer fee on the blockchain.
LI.FI enables cross-chain deposits from Ethereum, Polygon, and Optimism.
UniswapX is a new, open-source, auction-based protocol designed for cross-AMM trading, permitting a decentralized exchange of assets across various liquidity sources. Developed as an immutable smart contract, it's designed to be entirely permissionless.
To use UniswapX, you can start by opening the Uniswap web app and connecting your wallet. Opt into the UniswapX beta, select the token drop-down, and choose the token you wish to swap or sell, either by browsing the token list or searching using the token name or contract address.
UniswapX implements several measures to enhance safety and user experience. These include offering better prices through liquidity aggregation, gas-free swaps, protection against MEV, and no charges for failed transactions. That said, there is always smart contract risk and added trust assumptions that are covered in the article.
UniswapX improves price efficiency by aggregating liquidity from various sources and engaging with third-party fillers to either directly fill swaps or route users to appropriate Automated Market Maker (AMM) pools, thus fostering a competitive environment for achieving the most favorable price.
Plena is currently live on Polygon (PoS & zkEVM), Base, BSC, Avax, Fantom, & Linea will be live soon.
TRAXX on the Polygon network.
Currently you can swap any asset from Arbitrum into the supported collateral
Teahouse supports five chains including Ethereum, Arbitrum, Polygon, Optimism, and Boba Network.
Not yet. We will add support for Scroll soon.
Base uses ETH to pay for gas before making a transaction. If your wallet does not have any ETH on Base, it cannot fulfill a transaction. If you first send over different crypto on Base, your crypto would still exist, but you just wouldn’t be able to move it until you first bring over some ETH.
No, currently Seamless is only compatible with USD Base Coin (USDbC) because there is much more USD Base Coin circulating on Base than native USDC. In the future, Seamless may add native USDC as a new market.
USD Base Coin is very similar to native USDC in that it represents a native USDC token that was bridged onto Base from another origin chain.
LI.FI is an aggregator that uses some of the most popular Chains, Bridges, and DEXes, including 0x, 1inch, PancakeSwap, Stargate, SushiSwap, Uniswap, and more. For a full list, visit the LI.FI documentation.
For now only Ethereum.
Polygon
To Swap into FOOD:
Head to https://foodchain.global/
Connect your wallet.
Select the chain & token you want to bridge/swap.
Input the amount of tokens you want to bridge/swap for FOOD.
Click “review swap” & sign the transaction.
Wait for a few seconds & that’s it you now have FOOD tokens in your wallet.
For bridging, only Ethereum, Polygon, and Solana are supported.
BSC, Arbitrum, Polygon, and Avalanche.
Only BSC at the moment.
Nine leading chains and layer-2s, including Ethereum, BSC, Arbitrum, Polygon, Optimism, Avalanche, Base, zkSync, and Polygon zkEVM
Bridge and swap across chains here
Supported chains include Ethereum, BSC, Arbitrum, Polygon, Optimism, Avalanche, and Base.
18 leading chains & layer-2s such as Ethereum, BSC, Arbitrum, Optimsim, Base & more.
Check out this step-by-step guide on how to use the cross-chain swap feature here
DeGuard supports 3 chains: Arbitrum, Polygon, & BSC Users can bridge from 18 chains & L2s to receive ETH, BNB, or MATIC, which are the required tokens to purchase DeGuard VPN plans.