THORSwap launches Ethereum (ERC-20) Cross-Chain Aggregator 🚀
Permissionlessly swap 4,800+ ERC-20 tokens across 8+ blockchains in a single transaction, right from your own self-custodied wallets.
Dear THORChads, the wait is finally over. A New Era for THORSwap has arrived! Today we integrate a full-featured Ethereum ERC-20 DEX Aggregator to THORChain’s flagship interface.
THORSwap users can now swap between 4,800+ whitelisted ERC-20 tokens and Layer 1 blockchains such as Bitcoin, Binance Beacon Chain, Cosmos, Dogecoin, Litecoin, Bitcoin Cash, THORChain (and soon Avalanche) in a seamless, non-custodial manner without the use of bridges or wrapped assets 💪
Read on to learn all about the most important update since the birth of our protocol. For a practical tutorial on how to use our Aggregator, watch this:
Why DEX Aggregation?
The birth of Automated Market Makers brought about the rise of Decentralized Exchanges (DEX). Despite this, in order to overcome the barrier of siloed liquidity across the ever growing number of L1 and L2 ecosystems, DeFi has become increasingly reliant on centralized counterparties, bridges and/ or wrapped assets.
At THORSwap, we believe we can bring about true multi-chain composability by building a cross-chain aggregation protocol that connects multiple Aggregators + DEXs and leveraging THORChain to support native swaps between different blockchains.
In the future, there will be hundreds of blockchains with enormous number of assets and liquidity — exactly where cross-chain services come into play.
Today’s landmark upgrade is the first of many on our ambitious roadmap to redefine the core of DeFi’s Multi-Chain future: Swapping Native Assets Cross-Chain in a non-custodial, seamless single transaction.
Next-Gen DEX Aggregator
As a next-generation Aggregator of Aggregators, THORSwap has added liquidity from leading Ethereum protocols such as Uniswap V2 + V3, SushiSwap, 1Inch and 0x. Supported assets are sourced from whitelisted token lists by CoinGecko, 1Inch, Uniswap and Zapper for peace of mind.
THORSwap unlocks this liquidity with direct, single transaction swaps to across blockchains to native assets such as $BTC, $ETH, $BNB, $ATOM, $DOGE, $LTC, $BCH, $RUNE, $AVAX (coming soon) and much more.
So…What does this mean for Ethereum Users?
TL;DR: By aggregating the best liquidity sources across the Ethereum network, THORSwap is now a full-featured Decentralised Exchange for all ERC-20 tokens — you can enjoy the familiar Uniswap/ SushiSwap trading experience, with the added benefit of the best optimized routing for price, slippage and gas.
Of course, the exciting part is that the ETH community can now enjoy a true decentralized cross-chain trading experience:
- Trustlessly swap native crypto assets, without risk of centralized counterparties or bridges locking your assets.
- Connect to deep liquidity from top providers across Ethereum network and THORChain.
- Self-custodial wallets means you are always in control of you own assets.
- Access to additional THORChain product offerings such as permissionless liquidity pooling across multiple chains and synthetic assets — with our unique ‘Impermanent Loss Protection’ feature.
What Makes THORSwap Different?
Wonder how we stack up to other protocols? Here’s a detailed comparison:
THORSwap Pathfinder API and Aggregator SDK
THORSwap is much more than simply a DEX or Aggregator, alongside today’s major milestone, we have also been working on shipping our own API and SDK kits for third party dApps and developers. In our belief that the future is multi-chain, THORSwap developed a secure solution to remove technical barriers for trading any assets across any chain.
We strive to build a developer-friendly layer that also extends past THORChain’s core features. By sourcing multiple liquidity procotols, we ensure users get the best possible rate, accounting for slippage and chain gas fees. The pathfinder resolves the most efficient paths for asset swaps, able to harness the combined innovation of existing aggregators to split transactions between different protocols and pools in the shortest possible time.
Some features include (in addition to THORChain APIs):
- Pathfinder API: resolving the most efficient swaps — splitting across different protocols and even different market depths in the shortest possible time)
- Token List Service
- Ethereum Aggregator Contracts
- Cross-Chain SDK: help with using the API and services like the Token List Service
- Aggregator SDK: facilitates interactions with smart contracts
Learn more about THORSwap Pathfinder API please join our Discord where you can find us in the #Developer Channel ✌
Long-tail Ethereum assets are just the tip of the iceberg for many many more long-tail assets to be added to THORSwap’s cross-chain aggregator: Solana, Polkadot, Cosmos IBC, Dash, top L1 and L2 EVMs such as Binance Smart Chain, Avalanche, Fantom, Polygon, Arbitrum and more.
Other planned THORSwap Aggregator improvements include: Better Routing, EVM MEV Protection, Cashbacks, Transaction Splitting & more.
At THORSwap, we’ll never stop pushing boundaries and BUIDL-ing towards a true DeFi Valhalla.
The Multi-Chain Future is already here — Join us Today⚡
THORswap is a multi-chain DEX Aggregator built on THORChain’s cross-chain liquidity protocol and the flagship interface for all THORChain services. Perform permissionless cross-chain swaps right from your own self-custodied wallet. Learn more at https://thorswap.finance.
THORSwap App: https://app.thorswap.finance
THORSwap Docs: https://docs.thorswap.finance
Telegram Announcement: https://t.me/thorswap_ann
Community YouTube: https://www.youtube.com/THORSwapCommunity
The rewards programme and Metaverse home for THORChads, where the community can enjoy community projects like NFTs and games. THORChads.com will support new creative community projects with marketing, dev support, and more.
Merch Store: https://thorchads.metaswagclub.com