NOTE: These docs are under active development. 🚧
Welcome to Chainflip 👋
As the crypto space is going through rapid evolution, It is increasingly evident that the value proposition for cross chain activity is becoming more prominent. We as Chainflip have a vision of becoming one of the key solutions to the complexity & non triviality of swapping between L1 crypto assets. We view the following attributes & metrics as important to achieving that goal:
Generalised Cross-Chain Capability: Provide users with a permissionless method to swap assets between arbitrary chains and networks (L1, L2, etc) without introducing new wrapped assets, liquidity fragmentation, leaving users with tail risk, or excessive confirmation times.
Decentralisation: Maintain credible decentralisation, audited open-source software, and transparent network operation from the very beginning.
Useful Product: Offer extremely accurate pricing and minimise slippage to make the protocol competitive, in addition to focusing on the user experience and providing value to end-users.
Composability: Engineer the protocol such that it can be easily utilised by wallets, aggregators, and other products to bring their users greater functionality, who in turn become users of the protocol by proxy.
Sustained Value Capture: The protocol should be self-sustaining if enough users want to use the product without artificial incentives. The protocol should feed value from fees into the FLIP token itself to distribute it to token holders and offset any incentives offered.
For further information on our Protocol Design and what we are building here at Chainflip Labs, please read below:
We are also actively contributing to our community members through our blog. Here we post updates on our protocol design implementations as well as development updates from our CTO. Occasionally we also contribute to the wider crypto community with relevant write ups on the space.
Join our vibrant community to help steer the initial direction and development of Chainflip: