Since the beginning of 2021, all public chains have developed so rapidly in terms of market value, activity and ecosystem development. And the demand for cross-chain transactions is becoming stronger and stronger. To get rid of the complex and expensive cross-chain operations, some cross-chain DEXs have gradually appeared.
Meanwhile, there is still no good application for cross-chain trading on Avalanche. To fill the vacancy, HurricaneSwap proposed a more advanced LP cross-chain mechanism which is more efficient, safer and cheaper than those of other single-token cross-chain DEXs.
Most current cross-chain mechanisms just mint the tokens of other chains on their own chains, while LP cross-chain directly moves liquidity from other chains to Avalanche, providing a better trading depth. Since the liquidity has been bridged, users will almost feel the same as trading assets of Avalanche when trading cross-chain assets. With the high-performance support of Avalanche, the whole process of cross-chain transactions only takes a few seconds and has only 2 steps for users while HurricaneSwap will complete the rest.
To secure the cross-chain token, ensure the consistency of prices and optimize user experience, HurricaneSwap designed the Roke Protocol, HurricaneStation and HurricaneAlliance, which will be explained in detail later.
It is a great honor that HurricaneSwap, as the first cross-chain DEX on Avalanche, has received investment and various support from AVATAR (the Avalanche Foundation). We will be rooted in the Avalanche ecosystem and grow together with Avalanche.
HurricaneSwap is the first decentralized cross-chain swap built on the Avalanche. With the innovative LP-bridge mechanism (Roke Protocol), HurricaneSwap provides users with a high-performance and low-fees, as well as unparalleled, seamless cross-chain trading experience.