Tribaldex Blog

Magi Cross-Chain Swap Review: Tested several features on this chain.

@an1info58
Indiaunited

Magi is a crypto-native cross-chain swap platform that currently supports four networks for deposits, withdrawals, and fast transfers: Lightning Network, Hive Mainnet, Coinbase, and Bitcoin Mainnet.

The platform currently supports swaps between BTC, HIVE, and HBD, while offering zero transaction fees, which makes it particularly attractive for users looking for cost-efficient crypto transfers and trading.

In addition to cross-chain swap, users can also earn rewards through multiple opportunities on the platform, including:

  • Providing liquidity to pools

  • Becoming a validator

  • Earning a share of trading fees

  • SBD staking is another notable feature, offering users the ability to earn up to 15% APR through staking rewards.

I tested several features on this chain, including HIVE deposits, swapping HIVE to HBD, HBD withdrawals, and depositing and staking HBD. Everything worked smoothly, with fast and reliable transactions throughout the entire process.

For enter Magi Native Cross-Chain Swap just visit the https://altera.magi.eco the interface will look like this-

Now click on Launch App, and you will see three sign-in options. Choose the login method that is most convenient for you and proceed to sign in:-

  • EVM Wallet

  • BTC Wallet

  • Hive Login

Deposit HIVE :-

I have deposit 150 HIVE in the chain for Hive Wallet, which i have received instantly.

Transfer the Hive to Magi chain gateway

Received the Hive in Magi chain

Swap HBD to HIVE

I have swapped 150 HIVE for 8.908 HBD

Swap HIVE-HBD- 150 HIVE for 9.908 HBD

Withdraw HBD

After that withdrawn the 8.908 HBD to my Hive account, I also received instantly my wallet.

Received 8.908 HDB in Hive wallet

Deposit and Stake HBD

I have staked 8.908 HBD in the chain

And it was confirmed in few second

And I am surprised I'm getting 12% APR for now

Magi Cross-Chain Swap Explorer

There is also a modern explorer available for the Magi Cross-Chain Swap ecosystem. The explorer, VSC Explorer, is fully decentralized and designed with complete transparency. It allows users to easily explore block data, transaction details, witness logs, and many other on-chain activities in real time.

Magi Block Explorer

Thank you for the this great Magi Cross-Chain Swap, Thank you @magi.network

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