What is Fly (prev. Magpie Protocol)?

Fly (prev. Magpie Protocol) is a decentralized, liquidity aggregation protocol for cross-chain swaps. It provides the best deal on any asset, across many of the top blockchains, all without the need for the user to bridge any assets themselves. The end result is an extremely fast and gas efficient solution to cross-chain swaps.

Magpie Protocol facilitate cross-chain swaps without the need for users to find or use any bridge or DEX themselves. Magpie accomplishes this by sending messages using the generic messaging layer on bridges to initiate a swap cross-chain, meaning users aren't limited to bridging stablecoins or only what the bridge has in the liquidity pool.

FLY is a native token in the Magpie Protocol ecosystem with useful features such as: gas discounts, staking, chain abstraction.