# Chainflip

> Swap between Bitcoin and Solana. No wrapped tokens.

Chainflip is a decentralized cross-chain trading protocol. It lets users swap native assets directly across chains without wrapped tokens or bridges.

Chainflip is a decentralized cross-chain exchange that enables native asset swaps across multiple blockchains without wrapped tokens, bridges, or centralized intermediaries. It is designed for traders and liquidity providers who want to exchange assets such as Bitcoin, Ethereum, and Solana directly, while keeping full custody of their funds. The protocol targets both individual users seeking straightforward swaps and developers building cross-chain applications who need native settlement infrastructure.

The network is coordinated by a permissionless set of validators using a proof-of-stake and multi-party computation based system, which secures cross-chain vaults and settles trades without a central operator. Pricing is determined through a just-in-time automated market maker in which liquidity providers compete to offer rates at the moment of execution, reducing slippage compared to static pools. This structure allows swaps to settle natively on each supported chain, including Bitcoin, rather than relying on synthetic or wrapped representations of assets.

Beyond its core swap function, Chainflip offers developer SDKs and documentation so integrators, wallets, and aggregators can embed native cross-chain routes into their own products, and it has expanded into lending markets that let users borrow against native Bitcoin, Ethereum, Solana, and other holdings using the same vault infrastructure. The protocol is used by individual traders, liquidity providers, and third-party platforms across the industry that route swaps and lending activity through its infrastructure.

- Type: Project
- Sector: Infrastructure
- Status: Active
- Profile: https://thegrid.id/profiles/Chainflip

## Products

- [Chainflip Decentralized Cross-chain Swapping Protocol](https://thegrid.id/profiles/Chainflip): Chainflip is a decentralized cross-chain protocol that enables native swaps between assets without wrapping, bridging, or intermediaries. It settles trades through a validator-secured network that holds native assets in multi-party-computation vaults and prices them through a virtual automated market maker. The protocol also supports liquidity provision, boosted swap confirmations, and a software development kit that lets wallets, aggregators, and applications integrate native cross-chain swaps directly. Anyone can swap, provide liquidity, or run a validator without permission or sign-up. (Cross-chain Infrastructure, Live, Main Product)
- [Chainflip Lending](https://thegrid.id/profiles/Chainflip): Chainflip Lending is a decentralized borrowing and lending protocol that lets users deposit collateral on one blockchain and borrow on another using native assets rather than wrapped tokens. It extends the Chainflip cross-chain settlement network, holding deposited collateral in vaults secured by a threshold signature scheme operated by a distributed validator set, while loans are overcollateralized and priced through oracle feeds. Users can supply or borrow assets like bitcoin, ether, and stablecoins, with liquidations processed through the same cross-chain swapping infrastructure. Integrators can build lending and borrowing flows into their own applications through an open interface and earn a share of fees. (Decentralised Borrowing & Lending, Live)

## Assets

- [Chainflip (FLIP)](https://thegrid.id/profiles/Chainflip): FLIP is the governance token of the Chainflip protocol, a cross-chain decentralized exchange. It is used for validator staking to secure the network, paying network gas fees on the State Chain, and voting on governance proposals. Swap fees automatically buy and burn FLIP from the open market, reducing circulating supply as protocol usage grows. (Governance)

## Links

- [Main](https://chainflip.io)
- [Blog](https://blog.chainflip.io)
- [Whitepaper](https://chainflip.io/whitepaper.pdf)
- [Twitter / X](https://x.com/chainflip)
- [Discord](https://discord.gg/chainflip-community)
- [Telegram](https://t.me/chainflip_io_chat)

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