What is Chainflip?
Chainflip is a decentralised, trustless protocol that enables cross chain swaps between different blockchains.
Chainflip’s token, FLIP, is used as collateral by Validators to provide economic security to the network. The protocol charges a fee between 0.10% and 0.20% for every swap. This fee is used to buy and burn FLIP tokens directly from the Chainflip AMM.