What is Wagyu?

Wagyu is a private cross-chain bridge and swap service focused on privacy-preserving asset transfers, particularly enabling seamless swaps between privacy coins like Monero (XMR) and assets on Hyperliquid, as well as other cryptocurrencies.

It routes orders through a decentralized bridge aggregator combined with Hyperliquid's infrastructure, using TWAP (Time-Weighted Average Price) for large orders to achieve optimal rates that can often beat centralized exchanges (CEXs), with live rates pulled from aggregators like Swapzone.

Key features include fully decentralized execution (funds never held hostage or custodied), a "Milk Guarantee" policy that refunds the difference if a user finds a better rate elsewhere, support for cross-chain swaps of various assets, and a direct bridge for XMR XMR1 (Hyperliquid's wrapped version).

It also offers a public API for swaps and bridges (with options for higher rate limits), and related tools like trading perps/spot assets on Hyperliquid via wagyu.