Introducing CrossChain Swap, powered by ChainRunner
Going beyond the network
BIFROST has long focused its efforts on multichain solutions to make cross-chain asset transfer easier, and faster. Today, with the launch of our new DEX aggregator solution CrossChain Swap, we are excited to reveal yet another chapter of the multichain future envisioned by BIFROST.
What problems does CrossChain Swap solve?
Existing methods of swapping and bridging accompanied various inefficiencies and difficulties. For one, in order to swap assets, users need to peruse a variety of existing DEXs to find the optimal swap ratio and liquidity. This time-consuming process also requires a profound knowledge of DEXs for users to find the best swap rate. Moreover, a notable problem with bridges is liquidity — users would often bridge their assets to find that the bridged asset has close to no liquidity. This leaves them no choice but to bridge their assets back and spend additional fees. Other problems include uncertainty involved with the security of certain bridges. All these problems ultimately become major opportunity costs that discourage individuals from using blockchain services.
CrossChain Swap, the next evolution of ChainRunner
By focusing on the aforementioned problems, BIFROST sought to provide a more accessible and secure DeFi experience for all. In this regard, we previously launched ChainRunner, a smart engine that aggregated renowned DEXs and bridge solutions. Nonetheless, we felt the need to dramatically upgrade the usability of the service to make the experience more satisfactory.
CrossChain Swap is the answer to this need — the revolutionary technology powered by ChainRunner has been upgraded with a UI optimized to significantly enhance the user experience. It can only be the best alternative to existing services which rendered much disappointment on various levels.
CrossChain Swap at a Glance
By searching through a multitude of existing DEXs, CrossChain Swap provides all the necessary bridging and swapping services within a blockchain in one single screen. It not only provides the optimal swap route within a single chain but also searches possible routes between multiple chains. For example, if a user wishes to swap ETH on Ethereum to BFC on Ethereum most other DEX aggregators would only show results upon scanning the possible routes on the Ethereum Network. However, CrossChain Swap searches for multiple optimum routes across different networks and yield results such as converting ETH on Ethereum to AVAX on the BNB network. Therefore, users only need to browse through the different options presented by CrossChain Swap and simply click the most desired swap route.
Make DeFi great again with CrossChain Swap, designed to simplify all the complexities of the cross-chain experience! Check out the detailed guide to CrossChain Swap.
Please look forward to the future with BIFROST as we dedicate ourselves to the ultimate vision of making blockchain services easier and more accessible to users. Thank you!