Chainflip is a cross-chain decentralised exchange, run via its own application-specific blockchain. The system is built to deliver strong pricing and to support native BTC as well as EVM and substrate networks, along with many other chain types. It also includes cross-chain messaging to improve composability with today’s and tomorrow’s solutions, helping users access wider asset coverage.

Chainflip isn’t aiming to create just another bridge. Instead, it brings together the best parts of existing cross-chain approaches and adds further optimisations that aren’t available in any of them today. Chainflip is positioned with the next wave of AMM designs, letting the protocol tap into established on-chain and off-chain spot markets to create a genuinely standout experience for users.

Chainflip is a cross-chain AMM that supports native asset swaps without wrapped tokens or special wallets. As a decentralized, trustless protocol, it facilitates cross-chain swaps across different blockchains. Chainflip is designed to support any L1, and also any future L2 transaction types. In spirit it’s like Uniswap, but it lets users exchange across major blockchains without wrapped assets, specialized wallets, or extra software.

Chainflip is set up to become a leading option for cross-chain swaps. It’s permissionless, straightforward to use, and decentralized. The project believes it can offer an experience better than centralized exchange alternatives. If you used Shapeshift in 2017, you already have an idea of what to expect.

Chainflip operates its own Proof-of-Stake blockchain, named the State Chain. The State Chain is built using Substrate, the same framework used to build Polkadot. Chainflip does not plan to become a Parachain.