Chainflip

chainflip.io

Chainflip is a decentralized cross-chain swapping protocol that enables low-slippage swaps between Bitcoin, Solana, Ethereum, and more. It differentiates itself with a novel Just-In-Time (JIT) Automated Market Maker (AMM) design, which minimizes slippage and offers competitive pricing for high-liquidity pairs. The protocol is designed to be decentralized and permissionless, removing the need for wrapped tokens to facilitate swaps across chains. With a focus on security, it has undergone a comprehensive audit by Trail of Bits. The $FLIP token powers the ecosystem, providing utility for liquidity provision and validator auctions, while also capturing value through a unique burning mechanism. Chainflip aims to displace centralized exchanges and is positioned to capture a significant share of the growing decentralized finance market.