Slingshot is a DeFi app that lets you buy, sell and trade over 50,000 cryptocurrencies at the best prices, with 0% trading fees. Slingshot's innovative application combines the performance and ease of centralized exchanges with the openness and transparency of decentralized exchanges. They trusted Layer3 as the primary way to activate and acquire new users for their app.
Slingshot is the Web3 way to learn about crypto
Slingshot is built on Web3. Instead of creating an account and disclosing sensitive personal information, you can simply connect your wallet to the Slingshot app and start trading immediately.
For users, this means you can maintain full custody of your assets at all times.
In the app, users can trade over 7,500 tokens and access real-time data and charts for each token. Slingshot also took inspiration from web3 social with its global chat feature, where they can connect with users around the world, as well as its NFT wearable product, where users can purchase and customize unique NFT clothing to personalize their experience Slingshot.
Overall, Slingshot has been optimized for UI/UX while ensuring seamless order execution, the best prices on different tokens, and a multi-chain experience.
Driving growth in uncertain times
Despite market uncertainty in 2022, Slingshot has grown exponentially and continues to deliver powerful new features while building a product that users love.
Over the last year, $1.26 billion in volume was traded across all supported Slingshot networks. Arbitrum and Optimism, Slingshot's two most popular ecosystems, saw a combined trading volume of $485 million. Overall, 29% of all Slingshot users are multi-chain and have traded on at least two of the other networks supported by Slingshot (including Canto, BNB, and Polygon).
In addition to offering multi-chain support and various DEX integrations in 2022, Slingshot has also been deliberately working to grow and improve its community with the help of Layer3, creating a solid foundation for exciting product developments to follow. come in 2023.
These future updates include in-app bridging, limit price, dollar cost averaging, chart upgrades, and additional NFT support in Slingshot Wallet.
Rewarding and growing the Slingshot community with Layer3
No growth strategy would be complete without a loyalty program, and Slingshot's strategy is no different. Layer3 is proud to partner with Slingshot on its long-term growth strategy encompassing user acquisition, community engagement, loyalty and growth.
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Let's take a look at how Slingshot is successfully powering these initiatives with Layer3:
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From September to January, Slingshot hosted four quests on Layer3, including:
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L2 on Slingshot ⚡️ (5000+ participants) ⚡️ Trade at least $100 and above for Slingshot Polygon, Arbitrum, Optimism and BNB Chain
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Elite Slingshot ⚡️ (14,00+ participants) ⚡️ Redeem at least $1,100+ on Slingshot for a Slingshot Elite achievement
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Slingshot Explorer ⚡️ (6700 participants) ⚡️ Trade at least $100 on Slingshot, Bridge to Canto using Slingshot and discover 2099 Slingshot NFTs
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Slingshot Explorer (Part II) ⚡️ (8250 participants) ⚡️ Pt II of Slingshot Explorer
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These quests attracted over 17,000 unique participants in total
Beyond just user growth, Slingshot was also able to take users on a multi-week immersive user journey where they could be progressively rewarded for participating in the Slingshot ecosystem.
Special NFTs using Layer3's gasless minting infrastructure were created and transferred to Quest participants upon completion, and users were able to redeem these NFT collectibles on the secondary market, in addition to learning how to participate at Slingshot's own 2099 NFT marketplace.
Layer3 is proud to partner with Slingshot to help users self-custody their assets
As part of our ongoing partnership, Layer3 is proud to work with Slingshot to bring the web3 concept of self-custody to a broader group of crypto-native and crypto-curious users.
Over the next few months, we will be working exclusively with Slingshot to launch quests to bring Slingshot's mobile wallet to life. Along with exclusive NFT rewards, Discord roles, and other incredible perks, Slingshot users can expect more engaging and educational ways to learn how Slingshot can become their DeFi app of choice.
Do you want to develop your Web3 product? Contact us and we will let you know how we can help you.
Layer3 makes the next generation of Web3 businesses the best place to learn, discover, and succeed in Web3. We walk users through your product through interactive on-chain experiences and educational quests, and have helped over 40 customers support over 200,000 users through over 10 million on-chain actions.
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