Slingshot is a DeFi application that lets you buy, sell, and swap over 50k cryptocurrencies at the best prices, with 0% swap fees. Slingshot’s innovative app combines the performance and ease of centralized exchanges, with the openness and transparency of decentralized exchanges — and they’ve trusted Layer3 as the primary way to activate and acquire new users for their app.
Slingshot is built on Web3. Instead of signing up for an account and giving away sensitive personal information, you can simply connect your wallet to the Slingshot app and start swapping right away.
For users, this means that you can retain full custody of your assets at all times.
In the app, users can swap over 7500+ tokens and access real time data and charts for each token. Slingshot has also taken cues from web3 social with its global chat feature, where they can connect with users all over the world, as well as its NFT wearables product, where users can buy and customize unique NFT clothing items to customize their Slingshot experience.
Overall, Slingshot has optimized for UI/UX while ensuring seamless order execution, the best prices across various tokens, and a multi-chain experience.
Despite market uncertainty in 2022, Slingshot has grown exponentially, and continues to ship powerful new features while building a product that users love.
Over the course of last year, $1.26b in volume was swapped across all supported Slingshot networks. Arbitrum and Optimism, Slingshot’s two most popular ecosystems, saw a combined swapping volume of $485m. Overall, 29% of all Slingshot users are multi-chain, and have swapped on at least two of Slingshot’s other supported networks (including Canto, BNB, and Polygon).
In addition to releasing multi-chain support and various DEX integrations in 2022, Slingshot has also deliberately made the effort to grow and improve their community with the help of Layer3, creating a solid foundation for exciting product developments to come in 2023.
These future updates include in-app bridging, limit price, dollar cost averaging, chart upgrades, and additional NFT support in Slingshot Wallet.
No growth strategy would be complete without a loyalty program, and Slingshot’s strategy is no different. Layer3 is proud to collaborate with Slingshot for their long-term growth strategy encompassing user acquisition, community engagement, loyalty, and growth.
Let’s take a look at how Slingshot successfully powers these initiatives with Layer3:
Aside from pure user growth, Slingshot was also able to take users on an immersive, multi-week user journey where they could be progressively rewarded for their participation in the Slingshot ecosystem.
Special NFTs using Layer3’s gasless minting infrastructure were minted and transferred to Quest participants upon completion, and users could flex these NFT collectibles on the secondary market, in addition to learning how to participate in Slingshot’s very own 2099 NFT marketplace.