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Swingby

Swingby is a decentralized cross-chain bridge protocol (Skybridge) that enables trustless swaps between native assets like Bitcoin and other blockchains, bringing liquidity into the DeFi ecosystem. It serves DeFi users, liquidity providers, and node operators who want to bridge assets or earn yield through staking and liquidity pooling.
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Description

Swingby operates Skybridge, a layer-2 cross-chain bridge protocol that allows native assets such as Bitcoin to be bridged onto smart-contract-enabled chains like Ethereum, either through minting or liquidity pool provision, without relying on custodians. The network is powered by a decentralized set of Metanodes run by the Swingby community, where a majority consensus among the top 50 bonded Metanodes is required to process swaps, with network fees rewarded back to participants. Swingby serves DeFi users looking to bridge assets like BTC/WBTC, as well as community members who can run Metanodes or provide liquidity to earn APR rewards (up to 80% for Metanode operators and 8.5% for liquidity pooling upon Chaos-MainNet launch).