TL;DR — LI.FI is powering cross-chain swaps inside Morphex!
We’re excited to announce that Morphex, a decentralized perpetual exchange, has integrated LI.FI’s widget inside its dApp! With the integration, Morphex users can seamlessly bridge and swap their assets across various EVM-compatible chains and Layer-2s in just a few clicks.
What is Morphex?
Morphex is a decentralized perpetual futures trading platform that allows users to trade $BTC, $ETH, and $FTM futures with up to 50X leverage. It is built on the Fantom network and is built upon the highly successful GMX baseline. Individuals can become market makers by depositing $BTC, $ETH, $FTM, $DAI, $USDC, or $USDT to mint MLP. Fees earned by the protocol are distributed to MLP holders as well as those who stake $MPX.
Morphex has been building a unique platform with plans to release Pseudo Delta Neutral Vaults soon. Morphex launched on March 6th, 2023, and has achieved strong growth since then.
- 06 Mar — Launch
- 07 Mar — $1M Trade Volume
- 13 Mar — $10M Trade Volume
- 16 Mar — $25M Trade Volume
- 22 Mar — $50M Trade Volume
- 27 Mar — $75M Trade Volume
- 05 Apr — $100M Trade Volume
- 11 Apr — $125M Trade Volume
Within five weeks from launch, Morphex has consistently remained as one of the top five projects on the Fantom network in terms of both Fees and Revenue, yielding $MLP minters >40% $FTM APR and $MPX stakers >30% $FTM APR as of the release of this article.
Morphex will leverage unique Fantom Network capabilities, which are due to be released in 2023, in order to onboard non-DeFi natives with much more ease than is currently experienced in DeFi. In particular, the Fantom Network’s account abstraction capability will allow users to log in to their wallets with typical Web2 logins such as a username/password or even a Face I.D. instead of requiring users to keep their seed phrase securely.
Leading up to these significant Fantom Network capability upgrades, Morphex will continue building bespoke features to bring value to its users. For example, Morphex’s integration with LI.FI. will lower the barrier to entry for non-Fantom natives. The initial integration will enable a bridge aggregator and cross-chain swaps directly onto our dApp, with more significant changes thereafter to allow one-step cross-chain MLP minting.
What is LI.FI?
LI.FI is the most advanced bridge and DEX aggregator with smart routing capabilities to find the best route to move any asset on any chain, to another asset on another chain. We have added support for 13 bridges across 15+ EVM-compatible chains, along with all DEX aggregators & DEXs on those chains, into a single solution that is available as an SDK, Widget, or API.
We believe Web3 need to be made available for not only the next million users, but for the next million developers to build on it as well.
Our SDK is the ultimate cross-chain money lego for dApps to build on top of or plug into themselves.
- We’ve integrated multiple fallback bridges + DEXs so that you don’t have to
- We maintain bridges + DEXs so that you don’t have to
- We choose the best bridges based on our research so that you don’t have to (positioning ourselves neutral)
For some examples of how LI.FI works, check out:
- MetaMask Bridges — API Integration
- Cross-Chain Klima Staking — Custom-built cross-chain staking product for Klima
- Alchemix — SDK Integration
LI.FI x Morphex
We’re excited to team up with Morphex to allow users from other chains to bridge over to Fantom and start trading perps. Before the integration of LI.FI’s widget users had to leave the platform and find a DEX to swap their tokens into one of the supported tokens required to place a trade; now, users can bridge and swap their assets directly inside the dApp in just a few simple steps.
We’re thrilled to welcome Morphex to the LI.FI family! 🙌
To learn more about Morphex check out their,
Get Started With LI.FI Today
For more information about the LI.FI protocol,
- Head to our link portal at link3.to/lifi
- Read our SDK’ quick start’ at docs.li.fi
- Join the official Discord server
- Follow our Telegram Newsletter
- Follow us on Twitter & LinkedIn
- Subscribe on our Substack
or try our any-2-any swaps NOW at jumper.exchange
Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.
