Metis CEG Program: LI.FI

Introduction

LI.FI provides essential cross-chain liquidity by aggregating bridges and DEXs, DEXs, DEX aggregators, and solvers across all major EVM chains and Solana. The LI.FI widget, SDK and API are used by >120 B2B integrations, among them big players such as Metamask and Phantom routing a large share of their bridging through LI.FI. Apart from that, LI.FI runs Jumper as a direct interface to provide smart cross-chain routes to anyone.

Project Links:

• Website: https://li.fi/
• Jumper: https://jumper.exchange/
• Twitter: https://twitter.com/lifiprotocol
• Github: https://github.com/lifinance
• Documentation: https://docs.li.fi/

Key Features

Product & Tech

LI.FI is committed to facilitating swaps across the multi-chain ecosystem. We maintain the bridges, DEXs, and DEX aggregators integrations we already support. Additionally, as new liquidity solutions launch across chains, we allocate further resources to ensure seamless integration. We extend this functionality to applications via our SDK, API, and widget.

Moreover, we also help applications build abstracted cross-chain experiences for swaps and bridging via our xChain zaps feature. Bridges, such as Stargate, Connext, CelerIM (and Across as well in the future), enable cross-chain contract calls. This feature lets us support a variety of contract calls to be relayed through bridges and executed on the destination chain.

We also offer a LI.Fuel feature. To onboard users to a new chain they need both tokens they can bridge via LI.FI and some gas to be able to submit their first transactions. LI.Fuel helps to do both in one transaction.

Security First

We prioritize security over everything else.

• Regular audits – The LI.FI contracts have been audited 4 times and will continue to be audited regularly.
• $1 million bug bounty program – our USD 1,000,000 bug bounty program is live on Immunefi, covering critical smart contract and web/app bugs.
• Continuous risk assessment and due diligence – We have a full-time researcher analyzing bridges in depth. We're publishing our results on our blog. We’ve always developed the Cross-Chain Risk Framework (in partnership with ConsenSys) for an in-depth risk analysis on bridges. We have also partnered up with Go+ Security to enrich our supported assets with their token vetting information.
• Insurance – a product by LI.FI and InsurAce that insures the transactions going through LI.FI for a small fee, providing 100% protection for users against the risks of losing funds.

Distribution & Growth

LI.FI has been integrated by a spectrum of financial enterprises and protocols, including:

• Wallets: MetaMask, Phantom, Exodus, Binance wallet
• Perps: Hyperliquid, Rage Trade
• Protocols: Oasis, DeFi Saver, Swell, StakeDAO
• Payments Solutions: Gnosis Pay, Superfluid
• Solvers: Wido, Enso, Valha
• On-ramps: Kado, Stably
• Hedge Funds: Using LI.FI for rebalancing.
• Custodians & Exchanges: OKX (soon).

LI.FI also caters to the B2C market with jumper.exchange (previously transferto.xyz), enabling users to swap and bridge on and across chains. Since launch, our B2C interface has done over $2.2B in volume, facilitating over 2 million transactions for 1 million unique wallets, and these numbers are growing month on month. Additionally, Jumper is also the go-to choice for active liquidity management of protocols like Gamma Strategies and hedge funds.

Value Proposition

LI.FI will extend its liquidity aggregation services to Metis, enabling millions of users on Jumper and our distribution of 120+ partner protocols including some of the biggest wallets and enterprises, to interact with the Metis ecosystem.

LI.FI remains committed to facilitating swaps across the Metis ecosystem. We will work closely with our bridge partners like Connext to add support for Metis and further integrate DEXs and DEX aggregators on Metis to ensure a smooth cross-chain swap experience for users.

Furthermore, we will look to expand our distribution to the Metis ecosystem by extending our B2B services to applications. By integrating our API, SDK, widget, apps on Metis will be able to onboard users and liquidity from the many EVM chains that LI.FI supports, and build unique cross-chain experiences.

Roadmap

• Deploy LI.FI Diamond Contract onto Metis
• Launch with an initial set up of bridges and Dex Aggregation
• Add Metis Support to Jumper, API, SDK and Widget
• Allow our B2B partners to add Metis as a chain option
• Integrate with as many Metis native projects as possible
• Add Support for additional Bridges and Aggregators