Fly Updates(prev. Magpie Protocol) – Telegram
Fly Updates(prev. Magpie Protocol)
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Fast, user-friendly cross-chain swaps. Choose your tokens, your chains, and click swap.

Telegram: t.me/fly_protocol
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What's up Magpie’s!

Birds love to sing & our alpha testing Magpie's have been no exception, helping to provide us feedback

We're listening and we like the song you all are singing. 🎶

We've got a huge list of updates based on your feedback!

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Some of the most requested are:

- No more resetting! Going back to your swap from the TX page preserves your settings.

- Implemented a "Max" button to easily select all of a selected asset.

- UI now shows details if you hover over Fees section.

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Come check out our notion page where we have a list of what's been changed.

Our amazing developers have implemented over 20 community suggestions so far

Let's keep up the amazing work!

https://magpiefi.notion.site/Magpie-Alpha-App-Updates-4d62a9ed05e44d7bb5321cc55cf93b94
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Hey Magpies, it's #WednesdayWisdom time!

This week we're chirping about Cross-chain messaging and how we utilize it here at Magpie.

📘 Flap those wings over to the blog to read about it now: https://medium.com/@Magpieprotocol/magpie-utilizing-cross-chain-messaging-for-a-better-defi-experience-1077894b01a8

🌐 People will do anything to communicate with one another, at one point a bunch of countries even used pigeons to send secure messages as that was less likely to be intercepted than the telegraph.

🔗 Well, cross-chain messaging is much faster & much more secure than sending a pigeon with a note taped to it.
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Cross-chain messages are similar to regular blockchain transactions, but rather than ending, the transaction creates a message to be sent through Wormhole or Stargate to another chain.

💨 This makes for a more secure and faster route to get what you want.

Cross-chain messaging allows us to get you your assets on another chain while flying over all the unnecessary steps to save you time

Don't forget to check out the blog and let us know what you think 🤓
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Hey, you there! Are you in our Alpha test yet? 🤳

Want to swap cross-chain with ease, and for a great price? 🔄

Sign up to our waitlist now, where we continually add more and more birdies to the flock. 🐦 🦅 🦉

➡️ www.magpiefi.xyz/waitlist
Hey hey Magpies! 👋

It's #WednesdayWisdom time, where you birdies flock in to learn a bit about crypto and how Magpie is here to make it better.

Today we're talking about how Magpie aggregates bridge liquidity to get you the best pricing. 💰

📖 Read about it here: https://medium.com/@Magpieprotocol/magpie-aggregating-bridge-liquidity-5cb1aa95c4d1


Bridge liquidity is important, especially for cross-chain swaps, just as regular liquidity is to on-chain swaps.

❗️If you don't have enough liquidity, your swaps could fail, could get a bad price, or be stuck in limbo and have to pay to get out of the bridge, things nobody wants.
Aggregating and putting to use multiple different bridges liquidity will make sure you get the best price with Magpie.

It's similar to aggregating DEX liquidity on-chain, we're doing it to make sure everyone gets the best experience possible.


🔗 Our little birdies will snatch up all the required info and fly it over to the other chain without you needing to figure anything out.

Aggregating from existing bridges and DEXs allows us to provide the best prices and user experience to Magpie users.
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Want to learn more about us? 🐦

How we started, where we're going? 🚀 What does the future of cross-chain look like?

Come join Magpie co-founder Ali Raheman 🦅 as he chats with Anjan Vinod, ParaFi Capital VP next Thursday, November 10th at 17:00 CET.

Set that alert and get those wings ready!
https://twitter.com/i/spaces/1jMJgLWXWrqxL?s=20
What's up Magpies? 👋

Today we're going to be introducing you to our amazing partner StargateFinance!

🤔 So what exactly is Stargate, you know, other than a portal to another world?

Conveniently for us, they operate the same way in crypto.


🌉 Stargate is a bridge that has omnichain unified liquidity and instant guaranteed finality.

⛓️ For you, this means a transaction submitted on the source chain is guaranteed the destination chain.


Stargate is also fully composable, which means apps can be built on top of it, like what Magpie is doing. 🤝

This allows Magpie to utilize Stargates 400M$+ dollars in unified liquidity across many of the top blockchains.


Unified liquidity are single assets held on multiple chains, unified by paths across chains by Stargate.

Providing an efficient and risk-free transfer of value between them.

We can use this to add chains without liquidity concerns to make sure you're getting a great price. 💰
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Magpie makes use of these amazing features to make your crypto experience better.⚡️

No heavy lifting or hard work: no finding bridges, liquidity, DEXs, any of it.

Choose the token, where you want it, and hit swap.

Fly on over to Stargate's page and show them some love! 💜
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What are your plans for the weekend?

🐦 Us Magpie's are raven, we meant raving.

You know, because we're kinda of like ravens, same family you know 😉

Whatever, join the party: ➡️
www.magpiefi.xyz/waitlist 🎉
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Hey Magpies! 👋

Ready to have a great weekend but need something to read with your coffee?

Got some light reading for you, just a quick little twitter thread about scaling Ethereum.

Magpie's climbing to new heights! 🏔️

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Ethereum has more liquidity and daily volume than the rest of DeFi combined but when compared to newer blockchains, it’s slower and costs more to use.🐢

As a result, a ton of people have been moving to layer 2 scaling solutions.

But what does that mean and why are they needed? 🧐

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🚅 To keep it in a tweet, scaling means increasing the transaction speed and throughput without sacrificing security.

As Ethereum can only handle 15 transactions per second and we've seen gas skyrocket to $150+, you don't need the eyes of a hawk to see why it's needed.

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📝 A few ways teams are scaling Ethereum:

Zero-Knowledge (or ZK) Proofs & Rollups & Optimistic Rollups.

Don't know what they are? Well this bird can explain them in a sentence. 😌

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Both of these solutions batch together, or "rollup" up to thousands of transactions at a time, off-chain and compute them.

☑️ Once completed, they send the data back to Ethereum mainnet and they are executed (not killed).

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The biggest difference between ZK and Optimistic is that optimistic are just that: optimistic. 🌟

They are assumed to be accurate unless someone challenges them.

While zk rollups utilize validity proofs before executing them.

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👉 @arbitrum & @optimismFND are using optimistic rollups to scale Ethereum.
👉 @0xPolygonHermez, @zksync, @StarkWareLtd are using Zero Knowledge proofs and rollups to scale Ethereum.

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So what does this mean for Magpie?

🛠️ Well, we're integrating as many chains as we can so your journey through DeFi is easier.

Right now, we're working on implementing @zksync, @arbitrum, and @optimismFND, all three which are types of rollups.
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What's up my fellow birds?

We've got quite the announcement for you today, so pop that head out of the nest and listen up! 👂

📣 Magpie is integrating with the amazing @zksync!

📻 Tune in below to learn a bit about them and how we're integrating them.

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First off, what is zkSync? 🤔

It's a ZK rollup that uses cryptographic validity proofs to provide low-cost and scalable Ethereum transactions.

It's made to make you feel comfortable, like you're on Ethereum, except it's faster and cheaper, without sacrificing security.🔐

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🔗 Computation is done off-chain but transactions are proven on Ethereum mainchain.

This makes for instant confirmations on L1, extremely low tx fees (in ETH btw) for ERC20 tokens, and guess what, your Ethereum wallet is already compatible, as are many of the top DeFi apps.
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zkSync's smart contracts are composable, so they can be built on top of. Their full launch alpha will have over 150 apps at launch. 📲

🪺 This is where the birds at Magpie come flying in, we're always looking for a place to put a nice nest and make a great thing even greater.

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⛓️ Magpie will initially support on-chain swaps for zkSync, enabling cross-chain swaps in the future.

New chain, hoot dis?

Don't want to be overwhelmed by all the new apps and DEXs?

We are going to be aggregating DEXs on zkSync to save you that money and time! 💰

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🔁 Interested in orderbook exchanges on zkSync, maybe some lending & borrowing?

Magpie is working on support for integrating multiple limit order book exchanges on zkSync as well as Aave & Compound next year.

They say busy bees, but we're some busy birds over here.🐦🛠️

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A huge thank you to zkSync for the support and helping us to build a better DeFi! 🙏

Be sure to check out one of the hottest new solutions out there and show some love 💜 over at @zksync!
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What's the best thing to do this Thursday, November 10th? 😌

💬 How about a nice sit down chat between Anjan Vinod, ParaFi Capital VP and Magpie co-founder Ali Raheman. 🦅

Come and join us to learn more about Magpie and our plans for the future!
Set that alert: https://twitter.com/i/spaces/1jMJgLWXWrqxL?s=20
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🐦 GM Magpies!

Due to the current state of crypto, we are sadly postponing the sit-down chat with ParaFi Capital and our co-founder Dr. Ali Raheman.

We apologize if you've carved out some time to spend with us! 🤲

Please stay tuned for the updated date & time. 🗓️
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Did you know Magpies love shiny objects? 💎

Check out this bling here, join our Alpha waitlist and start testing!

✍️ https://www.magpiefi.xyz/waitlist
🔥 5,000 members on Telegram! 🔥

Bird on the street is that you're all amazing! 👏

Thank you so much for reaching this milestone, we're consistently humbled by the support the community has shown us.

Don't forget to invite your friends to keep this party going! 🎉
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🔈 Hey Magpies!

🎉 We are flapping our wings in excitement as we've already got a new time & date for the sit-down chat with ParaFi Capital and our co-founder Dr. Ali Raheman.

🗓 16th November, 17:00 CET.

📌 Be sure to save the link so you don't miss it!

https://twitter.com/i/spaces/1jMJgLWXWrqxL?s=20
What's that sound? 👀

Oh, it's all the birdies chirping about the chat between Magpie co-founder Dr. Ali Raheman and Anjan Vinod, ParaFi Capital VP.

🗓 Don't miss out, tomorrow at 17:00 CET.

📌 Set the Reminder now!
https://twitter.com/i/spaces/1jMJgLWXWrqxL?s=20
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You know what all the birdies are talking about? 💬

Ethereum scaling! 🧗‍♂️

That's right, a way to make an amazing blockchain even better. ⛓️

What's it all about? Fly on over to today's blog post and check it out!
https://medium.com/@Magpieprotocol/scaling-ethereum-magpies-expedition-to-new-heights-c5ab3fca526f

So what is it and why do we need it?

Well, we all want transactions to be faster and not cost as much in gas, right? 💸

That's what scaling Ethereum is when you get down to it. Creating ways to make it better.


This is done usually with layer 2 solutions:

➡️ Things like Optimism, Polygon, Arbitrum, zkSync.

🔧 All of which we either have integrated or are currently working on integrating.

Magpie is here to make sure you have an easy time in DeFi!
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