Earn DeFi yield and trade $DOGE on THORSwap 🐕
Welcoming DOGE to DeFi + How-to tutorial
Shibas… the time has come to enter the world of decentralised finance (DeFi)! Join the #DogeFi revolution on THORSwap!
For the first time in crypto history:
- You can swap Native DOGE on a Decentralised Exchange — swap between DOGE and native assets (BTC, ETH, BNB, LTC, BCH), stablecoins (USDC, USDT, BUSD) and many other ERC-20 and Binance Chain assets.
- Earn DeFi yields on DOGE — by depositing DOGE and/or RUNE on THORChain.
- Connect DeFi services to DOGE with THORFi.
Never be held hostage by a centralised exchange (CEX) again!
Starting today, you can swap DOGE in a permissionless, non-custodial, and decentralised manner.
Permissionless means you don’t need a KYC user account to start trading.
Non-custodial means you are always in control of your DOGE. No centralised exchange to hold your coins hostage.
Decentralised means an open and transparent community that’s accessible to anyone around the world.
DeFi brings ownership back to Dogecoin hodlers. Your keys, Your Dogecoin!
THORSwap also allows you to swap to other blockchains in one simple swap. No wrapping, pegging or bridging required. Swap between DOGE and native assets (BTC, ETH, BNB, LTC, BCH), stablecoins (USDC, USDT, BUSD) and many other ERC-20 and Binance Chain assets.
Fetch DeFi yields on your DOGE
DOGE holders can finally earn DeFi yields by depositing DOGE liquidity on THORChain. DEX trading fees give you DOGE yields on your DOGE holdings.
By utilising THORChain’s technology, DOGE will soon be available for popular DeFi services like borrowing, lending, synths, you name it!
Connecting DOGE to DeFi will make Dogecoin utterly unstoppable!
How-To Tutorial: Trading Doge (🐕 ,🔱)
On THORSwap, you can swap DOGE to directly to native BTC, native ETH, native BNB, native BCH, native LTC, stablecoins (USDC, USDT, BUSD) and many other ERC-20 and Binance Chain assets.
Swaps between assets can be completed in one step, and do NOT require any bridging, wrapping or pegging.
How to trade DOGE on THORSwap
Step 1. Firstly, you will need to set up a non-custodial “Keystore wallet” and transfer your DOGE or ASSET from a CEX (Centralised Exchange) to this wallet. Follow the video tutorial below to complete this step.
NOTE: with freedom, comes responsibility. Be sure to follow security best practices to protect your crypto in your non-custodial wallet.
Once you have a keystore wallet set up securely, you are ready to start swapping!
Step 2. Visit https://app.thorswap.finance/swap/DOGE.DOGE_BTC.BTC,
Step 3. Select the asset you want to exchange for DOGE
Step 4. Select the quantity you want to swap
Step 5. Check the swap rate, slip and fees. Then click “Swap” to confirm!
NOTE: the transaction will be initiated immediately upon clicking “Swap.” Confirm your details before clicking.
Congratulations Shiba, you made your first non-custodial swap!
How-To Tutorial: Earning Yield on Doge (🐕 ,🔱)
You can earn healthy yields on DOGE by depositing liquidity on THORChain. Yields are generated from the trading fees paid by traders and reward emissions.
How to earn DOGE yield on THORSwap
Step 1. Make sure you have already set up a non-custodial “Keystore wallet” and hold DOGE in that wallet (see Step 1 in “How to trade DOGE on THORSwap”).
Once you have a keystore wallet set up securely, you are ready to start earning yield!
Step 2. Visit https://app.thorswap.finance/add/DOGE.DOGE:
Step 3. Select how you would like to deposit DOGE. You have 3 options to choose from:
- Deposit only DOGE (aka “asymmetrical DOGE deposit”)
- Deposit both DOGE and RUNE (aka “symmetrical DOGE & RUNE deposit”)
- Deposit only RUNE (aka “asymmetrical RUNE deposit”)
NOTE: deposit transaction fees for “symmetrical deposits” are typically lower than “asymmetrical deposits.” Symmetrical deposits also require $RUNE in your wallet to pay for the deposit transaction fee. Asymmetrical deposits will automatically take the deposit transaction fee from your $DOGE.
Step 4. Select the quantity you want to deposit. If you are performing a “symmetrical deposit,” then you will need to select quantities for both DOGE and RUNE. Or you can simply drag the slider which will automatically calculate equal amounts of DOGE and RUNE:
Step 5. Add Liquidity!
You are now earning DOGE Yields on your DOGE deposits!
Check THORYield.com to monitor your positions.
Welcome to the #DogeFi revolution!
Permissionless trading and DeFi yields are just the beginning.
THORFi and many other DeFi services will bring more utility and value to Dogecoin. To learn more about THORChain’s technology, please visit the docs.
Welcome to the future of France ;)
THORSwap is the leading decentralized exchange (DEX) powered by multi-chain THORChain. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.
THORSwap App: https://app.thorswap.finance
Telegram Announcement: https://t.me/thorswap_ann
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