HyperFX is Live!
A fully onchain FX engine that swaps currencies in seconds using stablecoins for settlement, starting with the Naira via cNGN, a regulated naira-backed stablecoin.
See it LIVE: https://t.co/ZaM5vcXThb
Want to know how fintechs access onchain naira liquidity without tying up capital with a counterparty?
Join @seunlanlege and @justcharlz_ of @cngn_co tomorrow at 4PM WAT as we get into the infrastructure behind HyperFX, cNGN, and stablecoin FX.
@nuel_ikwuoma Hello @nuel_ikwuoma, Hello, we're currently carrying out maintenance on HyperFX, which is why swaps aren't available right now. Our team is actively working to get things back up and running, and we'll share an update as soon as it's completed.
New Episode of the Podcast is up📢
(and we have a guest!)
We discuss some of the latest industry news and, with @seunlanlege, explore how Polytope is rethinking payments with its recently launched product, HyperFX, as well as the cost of building blockchain infrastructure in Africa.
Links in the comments🔗
Here's what a first week should look like
HyperFX has processed over $50K across 90+ swaps.
Swap cNGN, USDC and USDT on HyperFX: https://t.co/ZaM5vcYr6J
From AbokiFX to HyperFX: Instant FX Settlement, Built on Stablecoin Rails
Polytope Labs launches @hyperfx_finance, a fully onchain FX engine that swaps currencies in stablecoins in seconds, verifiable onchain, starting with the naira via cNGN.
#Nigeria’s FX market runs largely on informal markets.
Rates are quoted in WhatsApp groups, sourced through P2P, and negotiated over word-of-mouth desks. It’s built on trust, but trust doesn’t scale.
#HyperFX pulls FX out of manual desks into a single, efficient stablecoin marketplace.
Learn more: https://t.co/zxaknxcUdT
#OnChainFX #cNGN
@hyperbridge@seunlanlege@cngn_co
It's barely been 24 hours since we launched HyperFX and it has already processed $15k in USDT/USDC -> cNGN swaps
HyperFX aggregate rate is at 1395/$.
The price is high because LPs are passing on the yields from their cNGN position to users.
https://t.co/Crw5DwQASm
HyperFX is Live!
A fully onchain FX engine that swaps currencies in seconds using stablecoins for settlement, starting with the Naira via cNGN, a regulated naira-backed stablecoin.
See it LIVE: https://t.co/ZaM5vcXThb
→ LPs self-custody and can earn up to 7% on cNGN (via Vantage Liquidity, backed by HQLA) and 3–4% on USDC/USDT (via Aave).
Built for fintechs, wallets, off-ramps, remittance providers, neobanks, and businesses moving money globally.