Magi
2.4K posts
@magi_network
Magi seamlessly connects users to the world of cross chain DeFi Join our mission 👇 https://t.co/IYJxHQAWUx
As native $BTC liquidity pools prepare to launch on MAGI in the coming days, we’re excited to announce the start of our next major integration with our friends at @Dashpay. Dash has established itself as being one of the most important privacy coins in the cryptocurrency market, built to keep financial activity protected. Magi is bringing native $DASH into a non-custodial, cross-chain liquidity network, creating one of the most meaningful connections ever built between the Hive and Dash communities. ➡️ Direct native swaps between DASH and BTC, HIVE, HBD, and all future integrated blockchains ➡️ Non-custodial, trustless ➡️ No KYC. No wrapped IOUs. No centralized custody. Unlike traditional cross-chain AMMs, every pool pairs assets against $HBD, a decentralized non-KYC stablecoin based on the Hive blockchain, meaning liquidity providers are not exposed to volatility from the opposite asset. ➡️ More predictable liquidity provisioning ➡️ Stable routing across chains ➡️ No forced exposure to price movement of another volatile asset. With Magi, DASH becomes a peer asset in the future global liquidity layer. What our technology also enables: ➡️ BTC, HIVE, wallets holding and sending DASH through using our “Native Asset Mapping” tech ➡️ Payments made in DASH directly from other chain wallets on Magi network ➡️ Real cross-chain user flow and new liquidity access for the Dash ecosystem And this is just the beginning. In the near future we aim to allow DASH wallets to interact directly with our application layer and Smart Contracts, creating more utility for Dash users as well as creating a multi-chain future for those building applications on Magi.
