Hashflow (HFT), a Decentralized Finance (DeFi) trading platform, is adding a new feature to enable bridgeless cross-chain swaps, the business stated on Wednesday.
Hashflow’s trading platform operates on a request-for-quote (RFQ) methodology, with experienced market makers determining token values.
Most popular DeFi trading platforms, unlike Hashflow, use automated market makers (AMMs) to conduct deals, although larger AMM trades can result in substantial slippage – when the price of a token changes while a swap is in progress.
According to Hashflow CEO Varun Kumar, “you’re effectively asking a quote from someone who has done price discovery off-chain, so as a result, you’re able to essentially receive better costs.”
Hashflow will support native-to-native swaps, which means users will no longer need to rely on risky cross-chain bridges and will not receive “wrapped” tokens when swapping between chains.
At debut, Hashflow’s cross-chain trading feature will offer swaps between Ethereum, Avalanche, BNB Chain, Arbitrum, and Polygon.