What is Swingby? Swingby is a staking powered protocol for warp speed bridging of DeFi assets and aggregating liquidity. Swingby’s bridge protocol, Skybridge, builds trustless bridges between BTC, Ethereum, Binance Chain and other blockchains secured by a network of node groups that execute fast token swaps using ‘multi-party computing’ and layer 2 technology. Skybridge allows users to move Bitcoin tokens between the Bitcoin, Ethereum and Binance Chain blockchains without relying on a central custodian, opening up a whole world of DeFi capabilities such as liquidity pooling and DEX trading with easy to use UX. Swingby plans to launch its Ethereum MainNet in early 2021, bringing Bitcoin to an ecosystem which already has $750MM in Bitcoin capital locked up in DeFi contracts. Building on exciting partnerships with projects such as Elrond, Waves and Kira Protocol, Swingby aims to expand its reach to other chains and projects, adding support where the most value can be added. What has the team been working on? TestNet ‘Public Stress Test’ Competition On Monday, we kicked off another iteration of our previously successful TestNet Competition. The main goal of this competition is to stress test our network by encouraging as many of our community members as possible to participate in swapping Bitcoin to the Binance Chain and vice versa. It also helps the team to understand how users typically interact with the user interfaces and how we could improve them to make the process more efficient and simple. Come and help us test our network! We would really appreciate your help and in return you will be in for a chance to receive 1,000 Swingby tokens. Dev Team Hiring We are building an A-team of DeFi engineers. This week we would like to welcome the latest addition to the Swingby Superheros, Roy (Shoe) Kure, an enthusiastic frontend developer who will help us to build out the constantly expanding Swingby ecosystem. Would you like to work with Swingby? If you’re a blockchain engineer then please apply here. If you’re skilled in another way but still think you can help out the project, then please email the team at careers@swingby.network. Blockbook integration Blockbook integration Over the last month we have been trying to abstract our interaction with various blockchains using tools such as Blockbook, a blockchain indexer created by the team at Trezor. The team has also been investigating Rosetta by Coinbase, but we feel that the implementations are a little too lacking in functionality for now. The main goal of this is to make the process of integrating new chains far more straightforward; this will allow devs to more quickly bring the value of Skybridge to more chains. Moreover, after closely reviewing BlockAtlas, which acts as a middle layer between various blockchain indexers and nodes, we have decided to integrate Blockbook. Although we lose some support for some proof-of-stake related coins, we gain the ability to query chains in more depth, which is necessary for the Skybridge protocol to work. At the beginning of the week, we began hosting Blockbook indexer instances for both the Bitcoin and Ethereum TestNet, and these are now live on the team’s testing infrastructure. Ethereum Integration We have made a lot of progress in the realms of Ethereum integration. It has taken the team longer than expected, but this is because we have decided to take this opportunity to refactor more parts of the code. For example, we want to include ‘one round’ and make the swapping mechanic more chain agnostic. Now the team will ‘freeze’ the current branch, since it has already been truly performance tested with over $14 Billion in volume, and continue to make larger changes for Ethereum, Smart Chain and other chains in a new fork of the code. Binance Chain Time Lock Tool We’ve started work on a useful tool to help Swingby Token holders time lock their tokens. When we release the ChaosNet, the network nodes will use a time lock mechanic in order to verify stakes before allowing them to participate in Skybridge’s consensus mechanisms. The user experience of time locking BEP-2 will be improved to make that process as easy as possible for our community members who wish to run nodes. We may also have an exciting announcement to reveal soon relating to enhanced pre-staking using the new time locks. The Swingby Token is Coming to Smart Chain! Development of the new BEP-20 contract for the Swingby Token is now well underway, meaning that the current token (which exists as a BEP-2 on Binance Chain) will be bridged to Smart Chain with use of the excellent tools from the Binance team. The team is also investigating deploying the ERC900 Staking Interface to make time locked staking/bonding easier on the Smart Chain. We believe that this will be a first on Smart Chain — we are proud to be innovating on the platform. Thanks for Reading! Want to trade Swingby? Check us out on CoinGecko or CoinMarketCap. Get Rewards! Stake your Swingby Token to earn 52% (67% compounded) APR in rewards, airdropped to your wallet weekly. Use the Staking Portal or BitMax. TestNet Explorer: https://bridge-testnet.swingby.network/explorer Staking Program: https://stake.swingby.network/token/SWINGBY Telegram: https://t.me/Swingby Twitter: https://twitter.com/SwingbyProtocol GitHub: https://github.com/SwingbyProtocol