Thread by @hashflownetwork

0/ GM #hashgang, the wait is over… Hashflow Bridgeless Cross-Chain Swaps powered by @LayerZero_Labs are officially live!

Try it now ➡️ app.hashflow.com

1/ Starting today, you can trade between different assets on @ethereum @avalancheavax @BNBCHAIN @arbitrum @0xPolygon, all while retaining the Hashflow experience you’ve come to love – better prices, guaranteed execution, and as always, complete MEV resistance.

2/ We’re living in a multi-chain world, yet one thing that’s missing is the ability to do something very simple: sell $ETH on Ethereum and buy $MATIC on Polygon natively. Why?

3/ Mint-and-burn bridges can only generate representational assets escrowed by the underlying chain. Liquidity networks offer the ability to swap liquidity between chains, but are limited by pricing – most only offer 1:1 conversions of the same asset. What about cross-chain AMMs?

4/ Simply put, AMMs just don’t work in a cross-chain environment. Don’t take it from us, take it from @_prestwich. Cross-chain DEXes that rely on price curves do not work, because the MEV dark forest gets even scarier when you go cross-chain.

5/ Well not anymore! Hashflow is completely MEV-resistant for cross-chain swaps as well. Fundamentally, this is because Hashflow doesn’t rely on on-chain pricing curves, and instead leverages signed RFQs, which cannot be tampered with for the entirety of a cross-chain swap.

6/ How it works:
- Market makers (MMs) manage liquidity pools on both chains
- Traders request quotes
- MMs issue quotes which traders submit to kick off the first transfer
- X-chain messaging channels deliver payload to the destination to perform the second transfer
- Voila!

7/ Notice throughout this process there was no need to maintain prices on curves across chains or use external bridges. Because off-chain components handle the gnarly parts where slippage and MEV would be introduced, cross-chain expansion becomes relatively simple.

8/ To try it out, get started here ➡️ app.hashflow.com

Note that this is still in alpha, and experimental, so please only trade what you are comfortable with! And if you encounter any issues, open a support ticket on Discord here ➡️ discord.gg/wWrKDdN4

9/ To learn more, give our blog post a read! 🔽 blog.hashflow.com/introducing-br…