Blockchain
Decentralized cross-chain liquidity protocol Swing debuted a brand new widget and software program developer equipment (SDK) to simplify cross-chain crypto deployments.
Swing’s new widget and SDK assist 21 EVM-compatible chains together with Ethereum, BNB Chain, Arbitrum and Optimism, the mission introduced on Wednesday. Swing additionally plans to develop to cowl 4 non-EVM networks like Solana and Cosmos.
Cross-chain options like bridges allow the switch of crypto belongings throughout totally different networks. Swing says creating these options normally takes a number of weeks, therefore the necessity for its software program package deal. Builders can now full bridge integrations for his or her decentralized functions in a matter of hours utilizing the SDK. Utilizing the widget, the method could even a couple of minutes, the announcement added.
Simplifying the cross-chain deployment course of is important to remove so-called liquidity fragmentation, the place liquidity is siloed throughout totally different blockchains and can’t simply movement between chains, in line with Swing. Founder Viveik Vivekananthan stated easy accessibility to cross-chain liquidity is essential for blockchain growth.
Bridge safety
With cross-chain liquidity transfers comes the necessity for safe bridges. Hackers stole billions of {dollars} value of crypto from a number of bridges final yr. Vivekananthan informed The Block that the brand new instruments additionally allow builders to deal with such conditions.
“Within the occasion of bridge hacks, Swing’s SDK and widget mitigate danger by permitting builders to show off compromised bridges rapidly and instantly allow a brand new bridge that helps the identical routing token lists in order to not disrupt consumer movement,” Vivekananthan informed The Block.
Vivekananthan additionally stated tasks reliant on a single bridge are weak — therefore the necessity for instruments like Swing’s that may assist builders mixture totally different bridges for his or her apps. Other than supporting 21 EVM chains, Swing additionally helps a number of bridges. The web site lists 9 bridge protocols lined by the mission, together with Celer, Wormhole and Hop.
