@RIFTHQ, a trading tool backed by crypto investment firm @paradigm, has gone live on Polygon. Users can now bridge funds onto the network or trade tokens in a single step. Polygon joins Bitco
@RIFTHQ, a trading tool backed by crypto investment firm @paradigm, has gone live on Polygon. Users can now bridge funds onto the network or trade tokens in a single step. Polygon joins Bitcoin, Ethereum, Base, Arbitrum and Robinhood Chain on RIFT's list of supported networks. @0xPolygon welcomed the launch on X.
RIFT says it checks more than 20 trading venues, including Uniswap, CoW Swap and Across, to find the best price, and adds no fees on top. According to the company, it only earns money when its in-house engine beats every other venue.
RIFT's documentation describes the product as an API for executing anything onchain in one click, at the best price, with zero added fees. Its FAQ says the service aggregates bridges, so it can be used for trading any asset across chains, and that it is not the counterparty to trades. Instead, it matches takers with makers and pulls in onchain liquidity from other protocols.
Orders run through secure hardware chips, which the team says stop it from taking or freezing user funds. RIFT's documentation explains that, unlike protocols secured by multisigs or staking, it uses cloud-based trusted execution environments (TEEs) to move money through a sequence of protocols. Each deposit address is a one-time wallet controlled by the TEE, and the company states that its team cannot steal or arbitrarily freeze user funds.
The approach has drawn scrutiny as well as interest. A CoinRank analysis said RIFT replaces validator trust with hardware trust, and noted that Paradigm's endorsement lends credibility but not transparency.
RIFT began as a peer-to-peer Bitcoin trading protocol. ChainCatcher reported that it secured $8 million in funding from Paradigm to promote native Bitcoin trading on Ethereum and other platforms. The project has since broadened its scope to cover a wider range of assets and chains, and its documentation lists Arbitrum, Base, Bitcoin, Ethereum, Hyperliquid, Ink and Robinhood among its supported networks before the Polygon addition.
The Polygon launch extends that footprint to another widely used Ethereum-compatible network, where users often need to move funds across chains before they can trade. Tools that combine bridging and swapping into one action aim to cut the number of wallet confirmations involved in that process.
Sources
RIFT documentation: What is Rift?RIFT frequently asked questionsChainCatcher: Rift completes $8 million financing with Paradigm
