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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.

Seed Round $3 Million

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Overview

Project industryExchanges & Wallets
Product typeProtocol

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.

Details

Raised: 3,000,000 USD

Legal

Registration year: 2022

Magpie Roadmap

1
Q2 2022 April-May
  • Branding, website and social media campaign
2
Q2 2022 June
  • Website launch
  • Awareness campaign
3
Q3 2022 July
  • Private alpha testing
4
Q3 2022 August-September
  • Public alpha release
  • Support for 4 chains
  • Extensive Marketing campaign
5
Q4 2022 October-November
  • Public beta release
  • Support for 5+ chains
  • Token launch build up
6
Q4 2022 November-December
  • FLY public sale
  • Token launch
7
2023
  • Cross-chain yield aggregation
  • Private RFQ market makers
  • Support for Cardano
  • Stable v1.0 release
8
2024
  • Swing trading AMM pools

Project team

Ikram Ansari
Ikram Ansari
Co-founder & Chief Information Officer
Ikram Ansari linkedin
Ali Raheman
Ali Raheman
Founder & CEO
Ali Raheman linkedin
Ali Rizvi
Ali Rizvi
Full-stack Developer
Ali Rizvi linkedin
Gergely Hegyközi
Gergely Hegyközi
Chief Technology Officer
Gergely Hegyközi linkedin
Loïc A.
Loïc A.
Chief Strategy Officer
Loïc A. linkedin
Igors Fridkins
Igors Fridkins
Business Development
Igors Fridkins linkedin
Mikhail Hancharyk
Mikhail Hancharyk
Frontend Developer
Mikhail Hancharyk linkedin
Fadi Zatara
Fadi Zatara
COO
Fadi Zatara linkedin
Julian Bachelet
Julian Bachelet
Marketing Manager
Julian Bachelet linkedin
Gabriel Greco
Gabriel Greco
Social Media Manager
Gabriel Greco linkedin
Salami Emmanuella
Salami Emmanuella
Community Manager
Salami Emmanuella linkedin
MATTHEW BREEDEN
MATTHEW BREEDEN
WriterWriter
MATTHEW BREEDEN linkedin
Alice H.
Alice H.
Solidity Developer
Alice H. linkedin

Social media

Magpie web-siteMagpie MediumMagpie TelegramMagpie LinkedInMagpie TwitterMagpie Discord

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