Inspiration
The inspiration comes from general observation out in the space:
Lately there has been a significant rise in the emergence of new networks across categories (viz. EVM, Rollups, Cosmos, non EVM, app chains, modular chains). The problem is that liquidity availability is limited or not growing at the same/similar pace as compared to networks. Thus, there is an imbalance in the liquidity distribution.
Secondly, in each category, the liquidity is concentrated across select few/top protocols and the emerging networks are finding it hard to onboard users across dApps due to this.
Thirdly, the currently available solutions at app layer (like bridge, CEX, aggregators) do not cater to liquidity sharing model rather operate in silos and thus seamless interoperability is still one of the core issues that has not been addressed properly
So, there is a clear gap and need of a solution which can cater to these gaps to the best extent possible and thats how InterSwap was born
What it does
InterSwap facilitates bridgeless Liquidity Unification & Transportation across EVM, Cosmos, Solana, and Bitcoin
It takes a very radical approach towards existing liquidity fragmentation, associated risks, capital underutilization, and sub-optimal seamless user experience
The core functionalities comes in the following forms:
- Swap platform: Trustless swap of any asset (1:1 and non 1:1) across any chain. 100% native swap instead of pegged/synthetic/wrapped
- Liquidity provisioning: Permissionless (User controlled) pool creation ranging from general 2 assets to as high as 8 assets in single go. Single sided/asset liquidity provisioning
The key USPs are as follows:
- Unified liquidity
- Permissionless pool creation
- Direct native swaps (both 1:1 and non 1:1 assets)
- Close to 1-click swap experience
- No destination gas fee requirements
- Trustless cross-chain communications (powered by Axelar)
- Better asset utilization & yield
- MEV resistant
Accomplishments that we're proud of
The product is currently:
- Live across 7 chains in Testnet
- 30,000+ on-chain users,
- 700+ user generated liquidity pools, and
- 240K txns.
What's next for InterSwap
Beta Mainnet, Full Mainnet, and Token launch
Built With
- amazon-web-services
- amplify
- elastic-beanstalk
- hardhat
- javascript
- postgresql
- react
- solidity
- typescript
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