2 years ago
Swing, a cross-chain liquidity and span protocol, has raised $6 cardinal successful a strategical backing circular led by Republic Capital astatine a $60 cardinal valuation.
Other participants successful the circular included layer 2 scaling web Celer, Bitcoin.com and Morningstar Ventures, among others.
Formerly known arsenic Polkaswitch, Swing helps traders and output farmers determination crypto crossed a fig of furniture 1 (base layer) and furniture 2 (companion network) blockchains, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum and Moonriver.
The Swing token is simply a governance token standardized with ERC-20 and autochthonal to the Swing web and its decentralized autonomous enactment (DAO) of traders, liquidity providers and stakers.
“Unlocking cross-chain liquidity is indispensable to the continued maturation of the blockchain and crypto industry. Crypto superior volition question crossed chains to the protocols that are champion positioned to service the multitude of caller users entering the space, careless of what ecosystem they’re presently invested in,” said Swing CEO Viveik Vivekananthan successful a statement.
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