Swapin Interview: CryptoYou, the Cross-Chain Swapper with Deep Liquidity and No Slippage
Today we are meeting with Cedric Maloux, the co-founder of CryptoYou, a revolutionary cross-chain hybrid exchange that combines the security of web3 wallets with the liquidity from DEXs and CEXs for large cross-chain swaps.
Can you explain the core concept of CryptoYou and how it solves the problem of cross-chain swaps?
CryptoYou is a cross-chain swap platform that allows users to perform swaps directly from their own wallets, without the need for intermediaries. This eliminates many of the risks associated with other types of exchange platforms. The primary problem we solve is the issue of compatibility between different blockchains. In the past, if someone wanted to swap a token from one blockchain for a token on a different blockchain, it was a complex and costly process. CryptoYou facilitates these swaps directly, securely, and with minimal fees.
What unique challenges did you face in building a platform that facilitates cross-chain swaps, and how did you overcome them?
Building a platform like CryptoYou presented numerous challenges, particularly because we were navigating largely uncharted territory. The technology for cross-chain swaps is still relatively new and evolving. Ensuring security was a major concern. We invested heavily in creating a secure environment that still offered the flexibility and freedom for our users to control their own assets. Additionally, guaranteeing sufficient liquidity for a wide range of tokens and reducing slippage were other significant challenges. We have addressed these issues by integrating with multiple liquidity sources and utilizing intelligent cross-chain routing to optimize swap paths.
CryptoYou emphasizes its security features and self-custodial wallets. Can you elaborate on how these features work and their importance to users?
Security is of paramount importance in the crypto world. In CryptoYou, we employ self-custodial wallets to ensure that users have complete control over their private keys and hence, their funds. This means that instead of transferring their assets to a third-party wallet, users can execute trades directly from their own wallets. This significantly reduces the risk of hacks and theft.
By building on the Yanda protocol, we have successfully bridged the gap between centralized finance (CeFi) and DeFi, creating a secure, transparent, and efficient swapping experience for users. The Yanda protocol is a Hybrid Finance solution designed to bridge the divide between CeFi and DeFi. It aims to connect centralized exchanges (CEXs) to the decentralized ecosystem, unlocking the vast liquidity present in centralized platforms for the benefit of DeFi users. By doing so, Yanda is revolutionizing the DeFi space by making trading via CEXs more transparent and accessible through web3 wallets, ensuring that the custody of cryptocurrencies remains the responsibility of the asset owners. Yanda is a DeFi protocol that uses off-chain components to access centralized exchanges’ liquidity.
With many other players in the market offering cross-chain swap services, what sets CryptoYou apart?
CryptoYou stands out due to a combination of features that we’ve carefully developed, keeping in mind the needs of experienced crypto users. First and foremost, our platform offers exceptional security with self-custodial wallets. We provide access to centralized exchange liquidity, ensuring minimal fees for cross-chain swaps. We have also focused on reducing the slippage risk and providing a wide range of token availability. Moreover, CryptoYou offers fast transaction processing times, transparent pricing, comprehensive customer support, and an overall user-friendly platform.
How does CryptoYou handle liquidity, and how does it ensure minimal slippage and optimal swap paths for users?
At CryptoYou, we prioritize liquidity as it is critical for the execution of large cross-chain swaps and affects slippage and transaction costs. We are integrating with multiple liquidity sources, including both centralized and decentralized exchanges, to ensure that our users always get the best rates. Additionally, we’ve developed a proprietary algorithm for intelligent cross-chain routing. This algorithm determines the most efficient swap path that minimizes slippage and maximizes the user’s returns.
CryptoYou is built for experienced crypto users who perform large cross-chain swaps. How do you ensure that these users’ needs are met?
We recognize that experienced crypto users who perform large cross-chain swaps have specific needs, and we have designed CryptoYou with those needs in mind. Our platform is engineered to handle large volume swaps efficiently and securely, minimizing the slippage and offering competitive rates. Our research shows that we are the most cost effective cross-chain swapper on the market. Unlike current competitors like Thorswap that perform well with transactions up to a maximum of $10,000, CryptoYou allows its users to swap up to $2M in a single transaction with minimal slippage risk.
In what ways do you see the cryptocurrency landscape evolving in the next five years, and how does CryptoYou plan to adapt to these changes?
CryptoYou is constantly evolving to meet the growing demands of the crypto space. We are looking forward to integrating more blockchains and tokens into our platform, improving our routing algorithm for even better swap paths, and enhancing the overall user experience. We are also exploring partnerships with other fintech platforms to extend our reach and provide more value to our users. Ultimately, we aim to make CryptoYou the go-to solution for large cross-chain swaps, simplifying the process and making it accessible to everyone.
Finally, what advice would you give to someone who’s just getting started with cross-chain swaps?
To anyone considering CryptoYou, I would say, give it a try. We’ve built CryptoYou with the user in mind, focusing on security, liquidity, and user experience. We’re confident that once you experience the ease and efficiency of performing large cross-chain swaps with CryptoYou, you’ll appreciate the value it brings to your trading activities. We’re here to support you, and we’re always open to feedback to make our platform even better.
One more thing, we have a special treat just for you—an incredible 50% discount on fees (valid until June 30th, 2023). Yes, you heard it right! It’s our way of showing our appreciation for your loyalty. All you need to do is follow this link and create an account on CryptoYou. That’s it! You’ll unlock the power of CryptoYou while enjoying this exclusive discount. Don’t miss out on this fantastic opportunity!