Trade Crypto Assets Seamlessly
Magpie Protocol only uses bridges to communicate swap signals between chains, creating an unrivalled user experience.
Our innovative design requires fewer transactions and confirmations.
Magpie is fully non-custodial. Your assets are in your control at all times.
Swap with speed between any chain of your choosing.
Exchange & Invest, Cross-Chain
Trade your tokens swiftly in a few clicks, we take care of the complexity of cross-chain swapping for you!
Find 4 chains available at start - Ethereum, Polygon, Binance Smart Chain and Avalanche - with more to come soon after.
Read about us
Dive into how Magpie works.
Branding, website and social media campaign
Private alpha testing
Public alpha release
Support for 4 chains
Extensive Marketing campaign
Public beta release
Support for 5+ chains
Token launch build up
FLY public sale
Cross-chain yield aggregation
Private RFQ market makers
Support for Cardano
Stable v1.0 release
Swing trading AMM pools
Meet the Birds
We are a team of 15+ crypto-enthusiasts, passionate about making DeFi accessible, efficient and cool.
What is Magpie?
Magpie Protocol is a decentralized, liquidity aggregation protocol for cross-chain swaps. It provides the best deal on any asset, across the top blockchains, all without the need to bridge any assets. The end result is an extremely fast and gas efficient solution to cross-chain swaps.
Which problem are we solving?
Magpie is solving a couple of major issues in DeFi: Bridging and liquidity aggregation issues.
Within these two areas that need fixing, Magpie focuses on speed, security, ease-of-use, gas fees, user experience, and aggregation.
How do we solve it?
The easiest and simplest way to describe how Magpie Protocol solves the above issues is that we facilitate cross-chain swaps without bridging. Magpie accomplishes this by sending messages using the generic messaging layer on bridges to initiate a swap cross-chain.
Rather than requiring users to lock or burn tokens and then mint them on the destination chain, Magpie uses stablecoin liquidity pools and the Magpie liquidity aggregation protocol, both deployed on all of the most popular chains, to initiate swaps for the desired token. This results in users receiving their tokens very quickly, for much less gas, not being limited to swapping stablecoins or the chain's native gas token, all using a super slick UI in which users don’t need to use any other dAPPs in the process.
Why is Magpie better than similar projects?
While Magpie is similar to liquidity aggregation and cross-chain swap protocol 0x, Paraswap, and 1inch, we have many advantages that we believe put us ahead. One of the big advantages with Magpie is when a user cross-chain swaps, they don’t need to go to the appropriate bridge to take the fifteen minute to three hour process of transferring their tokens to the new chain to only then be able to initiate the swap on the new chain.
Tests show that Magpie's unique liquidity aggregator consistently outperforms 0x and offers prices competitive with 1inch; but with the added benefit of super simple cross-chain swaps that don't required you to bridge your assets.
As Magpie doesn’t bridge assets, it is much more secure than other bridges as there are no assets stored within bridge smart contracts to be exploited.
At launch, Magpie is compatible with many of the top ten blockchains and allows users to swap ANY TOKEN ASSET with any other token asset on the destination chain. Users are not limited to stablecoins or just what the bridge has in the liquidity pool.
The user experience with Magpie is unrivaled.
What blockchains do we support?
Magpie is chain-agnostic, meaning that it is compatible with any chain. At launch, Magpie supports Ethereum, Polygon, Avalanche, Fantom, and BSC. The team plans to add more over the coming year as well.
What's Magpie's fee?
Magpie charges a fee of 0.1% on both inter-chain and cross-chain swaps.
They will be redistributed amongst liquidity providers, FLY stakers and operation funds.
What is Magpie's roadmap?
To fill out the remainder of 2022, the roadmap includes support for 6 major blockchains, a marketing campaign, private & public fundraising round and finally a token launch in December 2022.
In 2023, we plan on adding cross-chain yield aggregation, private RFQ market makers, and support for Solana & Cardano.
Will there be a token?
Yes, Magpie’s token will be FLY.
What are the use cases for FLY?
FLY will work as a governance token and liquidity token. The fees will be redistributed amongst liquidity providers, FLY stakers and operation funds.
Who is backing Magpie?
Currently, Magpie is backed by Jump Capital, Wormhole, Republic, ParaFi, BigBrain Holdings, Double Peak and Sandeep.