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Cross-chain liquidity aggregation

Why use a bridge when you can FLY

Trading any tokens between any chains - without the need to bridge, is what makes Magpie your efficient app to navigate DeFi.

we are proudly backed by

Trade Crypto Assets Seamlessly

Magpie Protocol only uses bridges to communicate swap signals between chains, creating an unrivalled user experience.

Trade without bridging on Magpie

Fast

Our innovative design requires fewer transactions and confirmations.

Secure

Magpie is fully non-custodial. Your assets are in your control at all times.

Easy-to-use

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.

SOON
SOON
Later on, interact with dozens of dApps directly from Magpie.

Read about us

Dive into how Magpie works.

Roadmap

Q2 2022

April-May
  • Branding, website and social media campaign

Q2 2022

June
  • Website launch

  • Awareness campaign

Q3 2022

August-September
  • Private & Public alpha testing

  • Support for 4 chains

  • Extensive Marketing campaign

Q4 2022

October-November
  • Public beta release

  • Support for 5+ chains

  • Token launch build up

Q4 2022

November-December
  • FLY public sale

  • Token launch

2023

  • Cross-chain yield aggregation

  • Private RFQ market makers

  • Support for Cardano

  • Stable v1.0 release

2024

  • Swing trading AMM pools

Meet the Birds

We are a team of 15+ crypto-enthusiasts, passionate about making DeFi accessible, efficient and cool.

Magpie's team represented by birds

Latest articles

Tech
September 21st, 2022

Insight Into the Key Components of Magpie and How They Work

The Decentralized Finance (DeFi) ecosystem is booming and new exchanges are being launched every day. While many make their debut with the motive to compliment the numbers, Magpie Protocol came into the scene with targeted solutions.
App
September 14th, 2022

Magpie Protocol: Alpha Testing Begins

When we first announced Magpie just a short time ago in June, we didn’t expect such a huge outpouring of interest so quickly, and we want to give those who supported us early a chance to experience Magpie Protocol...

FAQs

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 protocols like 0x, Paraswap and 1inch to name a few, 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 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 and BSC. More chains will then progressively be added.

What's Magpie's fee?

Magpie is chain-agnostic, meaning that it is compatible with any chain. At launch, Magpie supports Ethereum, Polygon, Avalanche and BSC. More chains will then progressively be added.

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?

Magpie is currently backed by Jump Crypto, Parafi Capital, Big Brain Holdings, Double Peak, Sandeep Nailwal, Republic Capital, Serafund, 6k, Stacker VC, MH Ventures, Faculty Group, Arkstream, D1, Apollo and GSR.

Still have questions?

Meet the Birds

We are a team of 15+ crypto-enthusiasts, passionate about making DeFi accessible, efficient and cool.

Dr. Eagle

CEO

Night Owl

CIO

Mac Crow

CTO

Mr Parrot

COO

Ostrich Boy

CSO

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