Warm welcomes,
there is no launching a crypto related project without doing an announcement post on [Suspicious link removed] in 2017 I got myself into a mess by using multiple chains daily. Somewhat glad I recently stopped using Solana and trim down on wallets to keep track of. Telling you – taxes ain't fun.
While there are already some great projects maybe going into a direction I was looking for, I couldn't keep myself from getting my hands dirty doing a cross-chain bridge or swap that also includes non EVM-chains. There are some more decentralized-leaning project's out there, but those come with a speed/cost tradeoff. When I was moving smaller quantities cross-chain, I always went for the most efficient option and with the project, I tried to cater to this need of mine. The available features are sparse and not completely to my liking, but without spending too many long nights and getting thousands of government-tokens poorer, I wanted to see first, if anyone is interested in it to use. Anyway, here is what came of it:
Bridge ETH, MATIC, BTC, DAI, USDC, USDT from Ethereum to Polygon Matic and Binance Smart Chain and back.I'm hoping for someone to find the offering useful. I want the focus on smaller quantities with speed and low costs to be the project's number one priority. For larger quantities, which I, personally, don't like to trust in other hands than my own, there are some great alternatives already.
If there is interest, I thought about doing less block confirmations, which are scaling with the transaction value. There are definitely some speed and gas cost optimization left. Currently, SwapBridge is charging a flat network fee denoted in the bridged asset. The network fee itself is dependent on the route and asset. For example, the network cost of bridging ETH from Ethereum to Polygon Matic is 0.00001 WETH or €0.012 ($0.013, for non-EU-plebs). Furthermore, all routes charge 0.25% of the remaining amount to cover the costs.
On the project, Rob is doing the Bitcoin side. The WBTC bridge isn't ready yet on the Ethereum side, though he already launched a
swap feature (Roundtrip between Ether and Bitcoin).
There is so much stuff I'd love to do, like a horizontal expansion into offering more chains and tokens. And even more a frontend rework, for it to be having more elegance like Uniswap. Moreover, entering the receiving amount first and doing a backwards calculation!
Really looking forward to feedback or questions.
Best, Andy
