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Fly (Ex Magpie Protocol)

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Category: DeFi

Fly

Fly is a decentralized, liquidity aggregation protocol built for cross-chain swaps, providing users the best available deal on any asset across many of the top blockchains without needing them to bridge assets themselves. It solves core DeFi problems around bridging, liquidity aggregation, and user experience by using generic messaging layers on bridges to initiate cross-chain swaps directly, avoiding limitations of stablecoin-only bridging or reliance on a single DEX's liquidity pool. The protocol supports numerous chains including Ethereum, Solana, Arbitrum, Base, Avalanche, BSC, Optimism, Polygon, and more, and offers a portfolio feature to track token balances across supported chains. The FLY token functions as a governance and staking token, with platform fees redistributed to liquidity providers, stakers, community rewards, and operations. The project also runs reward programs like Fly Boost (earning 'Eggs' convertible to FLY tokens at TGE) and an NFT loyalty program called the Magpie Mafia. Fly serves everyday DeFi users and traders seeking efficient, low-cost, cross-chain swap execution.
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Funding Rounds

Funding Round: Unknown
Funding Date: 1 Aug, 2025
Raised Amount: $40K
Funding Round: Public Sale
Funding Date: 1 Mar, 2025
Raised Amount: $500K
Funding Round: Public Sale
Funding Date: 1 Mar, 2025
Raised Amount: $1.6M

Investors