Magpie (FLY)

What is Magpie

Magpie protocol is a cross-chain liquidity aggregator that enables seamless cross-chain swaps with near-instant finality and cost efficiency on many of the top blockchains, all without the need to bridge any assets, making for an extremely fast, secure, easy, and gas efficient solution.

Magpie protocol incorporates a unique technical implementation that allows execution of cross-chain swaps without the need for the user to bridge assets from any of the top bridges. This saves time and cost by reducing the complexity and security risks involved in using any of the bridging solutions to move assets across chains.

Compared to other options in DeFi, when a user swaps using Magpie, they don’t need to go to the corresponding bridge, learn how to use it, spend a bunch of gas on transfers and time waiting, only to then have to go back to the DEX to make a swap. While in some ways similar to 0x, Paraswap, and 1inch, the advantage of Magpie comes in its user experience, security, ease-of-use, and speed, all while providing users with the best prices on tokens both within-chain and cross-chain.