Slingshot
Say goodbye to CeFi. Swap over 50k cryptocurrencies at the best prices with 0% swap fees. Live now on Android and iOS. Eligibility is subject to Slingshot T&C: slingshot.finance/terms
Say goodbye to CeFi. Swap over 50k cryptocurrencies at the best prices with 0% swap fees. Live now on Android and iOS. Eligibility is subject to Slingshot T&C: slingshot.finance/terms
All Slingshot infrastructure was fully shut down and the private key export portal sunset, marking the complete decommissioning of the platform after the Magic Eden acquisition and its integration into Magic Eden.
The Slingshot application sunset, with withdrawals of funds closing and the app no longer available. Users were directed to export private keys before the end of the shutdown process.
Magic Eden announced it would sunset the Slingshot standalone application and migrate its technology into the Magic Eden app, consolidating offerings after the acquisition. The announcement outlined a timeline for disabling features, closing withdrawals, and ultimately shutting down Slingshot.
NFT marketplace Magic Eden acquired Slingshot, a trading app that lets users trade across multiple protocols from a single universal USDC balance. Magic Eden said it would integrate Slingshot's technology to offer more fiat-to-crypto on-ramps and AI-assisted trading tools, expanding beyond NFTs to every blockchain including Bitcoin.
Slingshot Finance, formerly DEX.AG, raised $15 million in a Series A equity round led by Ribbit Capital, with participation from K5 Global, Shrug Capital, The Chainsmokers, Jason Derulo, Guillaume Pousaz, and Austin Rief. The funds were intended to double headcount, launch mobile applications, and support more blockchains, bringing total funding to $18.1 million.
Decentralized exchange aggregator DEX.AG announced it was rebranding to Slingshot and closing a $3.1 million seed round led by Framework Ventures, with participation from Electric Capital, Coinbase Ventures, Winklevoss Capital, Digital Currency Group, Robot Ventures, and others. The project was originally built at a 2018 hackathon and has seen over $100 million in volume.
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