Swidge — a neologism, formed from the words Swap and Bridge. They form a substitute and abbreviation for the long description “any for any exchange” – transferring cryptocurrency from one chain to another and exchanging it for another currency at the same time with only one user confirmation.
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What is special about Swidge?
Swidge will evolve towards a decentralized, community-driven organization, helping to further decentralize the protocol in the long term.
Swidge solves problems by offering these tools:
| 1. | With Swidge, the user has a complete solution that allows them to connect and switch at the touch of a button. The user interface is very simple and it does not see how the technology works in the background. |
| 2. | While the transaction is happening, it will be able to follow and see how the transaction moves along the blockchain. Since there are fewer contract signatures and related transactions, it will eventually retain transaction fees. |
| 3. | The solution will be fully connected to the chain, and the contracts will be synchronized in time after the product is built. |
The DApp will have several features, starting with the Swidge interface. Users will be able to exchange assets and connect them between chains simultaneously with just one click. This will make cross-chaining as easy as possible for the user.
This allows both new and old users to pay gas fees on the new network without having to purchase their own asset first. Also, a dashboard has been added that allows the user to track their wallets and funds across multiple chains.
More about defi app
Developers do not charge a commission. The only fees you need to pay — gas fees (for transactions), exchange fees (token swap fee if applicable) and bridge fees (bridge provider fee).
The project supports any assets, available through the DEX with which Swidge is integrated. You can find them by contract name or address. If you would like to trade a token that is not supported yet, please join Discord and let the developers know.