THORSwap Monthly Recap: August 2022

Dear THORChads, if you’ve been following our monthly recaps so far you’d know that 2022 has been been a busy year of continuous building and shipping for us. Despite all our achievements — August has been one of the most important months in THORSwap history

Regardless of the market conditions, we continue to deliver the future of DeFi’s Multi-Chain future. Read onwards for a recap of August and what’s coming next.

THORSafe Multi-Sig Wallet Interface

THORSafe addresses one of the most crucial concerns for crypto owners: Security. Multi-sig wallets provide the next step in self-custody of funds through enhanced security and also acts as a tool for on-chain governance.

THORSafe multi-sig wallets are represented by a THORChain address (thor123…) and supports $RUNE as well as THORChain synthetic assets.

To learn how to use THORSafe, read the dedicated article or check out our video tutorial below:

THORSwap ERC-20 Cross-Chain Aggregator

After months of testing and polishing, we’ve officially entered the next phase of our Multi-Chain future.

app.thorswap.finance/swap

With the integration of our full-featured Ethereum (ERC20) Cross-Chain Aggregator, THORSwap users can now swap between 4,800+ whitelisted ERC-20 long-tail tokens and Layer 1 blockchains such as Bitcoin, Binance Beacon Chain, Cosmos, Dogecoin, Litecoin, Bitcoin Cash, THORChain (and soon Avalanche) in a seamless, self-custodial manner without the use of bridges or wrapped assets.

As a next-generation Aggregator of Aggregators, THORSwap has added liquidity from leading Ethereum protocols such as Uniswap V2 + V3, SushiSwap, 1Inch and 0x Protocol (Matcha). Supported assets are sourced from whitelisted token lists by CoinGecko, 1Inch and Uniswap.

THORSwap unlocks this liquidity with direct, single transaction swaps, automatically calculating the best price, route & lowest slippage to save you gas and time.

Check out how we stack up vs other cross-chain aggregators:

Learn more on Medium, view video tutorial below, or try it on THORSwap 👌

Ethereum Ledger Integration

Fulfilling one of our key user requests: direct Ethereum wallet connection via Ledger has been integrated on THORSwap. Users can now connect their $ETH Ledger to THORSwap, swap for thousands of ERC-20 tokens, stake $THOR, add liquidity and manage balances through the security of their Ledger hardware wallets.

New multi-chain Wallet Picker Interface

As one of the leading self-custodial cross-chain DEX in DeFi, we are constantly working to improve our user experience of managing the growing number of supported wallet interfaces.

It’s now easier than ever to connect your Self-Custody wallets to THORSwap with our upgraded Wallet Picker. Select Chains to highlight supported wallet interfaces or pick a wallet to see support chains — either way, our new Wallet Picker UI makes connecting your own self-custodial wallets to THORSwap a breeze.

There’s also a new “Keep Wallet Connected” button for XDEFI wallet to ensure selected wallets stay connected after you refresh the THORSwap WebApp. We’ll be adding support for this function to more wallets in the future (THORSwap does not save wallet information — it simply remembers to reconnect your preferred wallets next time you visit).

New Hire: THORSwap Security Engineer

For us, Security is absolutely vital. Alongside audits by our partners Halborn Security & Peckshield, on August 4th we onboarded a dedicated world-class Security Engineer with more than a decade of experience to the team to ensure the safety of everyone who uses THORSwap products.

We build to earn your trust ⚒

THORYield Updates

Since the launch of THORYield v2.0 on July 15, we’ve been working on making the app stable and bugs free.

We’ve also released a major update on mobile which includes the new “Explore” Menu.

The Explore menu contains more sections to track everything THORChain such as Nodes overview, Liquidity Pools list, Network status and a Learning section.

The next milestone for THORYield will be the multi-language support, we will add support for Chinese (Simplified. & Traditional), Italian, French, Spanish, German and Japanese in a future update.

THORSwap June Rewards Recap

Details of THORSwap rewards distribution in June can be found here.

THORSwap Web App Update Notes

v0.5.0

  • [Feature]: Ethereum Ledger hardware wallet Integration
  • [Feature] MetaMask AVAX Integration
  • [UI]: Wallet drawer action buttons
  • [Fix] Contract interaction fixes for Keystore & Ledger
  • [Misc] UI optimization and miscellaneous bug fixes

v0.6.0

  • [Major Feature]: THORSafe Multi-Sig Wallet Interface release.
  • [Fix]: TNS keystore integration
  • [Misc]: Miscellaneous fixes and security optimizations

v0.7.0

  • [Major Feature]: THORSwap Ethereum (ERC-20) Aggregator
  • [Feature]: Redesigned Wallet Picker interface
  • [Feature] Updated Transaction Tracker (swaps)
  • [Misc]: UI optimization and miscellaneous bug fixes

Coming up next…

THORSwap Pathfinder API and Aggregator SDK

THORSwap has also been working on shipping our own API and SDK kits for third party dApps and developers. These developer-friendly layers in addition to core THORChain API’s include features such as:

  • 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 ✌

Improvements to Ethereum Aggregator

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.

Single-sided Yield

Single-sided staking, a much requested holy grail feature is coming to THORChain, in the form of Yield-bearing Synths . Earn $BTC on $BTC, $ETH on $ETH, etc. without exposure to $RUNE.

Avalanche ($AVAX)

Avalanche is coming soon to THORChain. We’re currently undergoing testing and UI development on THORChain Stagenet — get ready & spread the word! 📣

Phew! Huge props if you’ve managed to make it this far! What a momentous month it’s been, thank you to everyone in the THORChain community and beyond for joining us on this journey — there’s a lot more amazing things to come! As per usual…

Onwards! 💪

About THORSwap

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.

Twitter: https://twitter.com/thorswap
Discord: https://discord.gg/thorswap
Website: 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

THORChads DAO

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
Discord
: https://discord.gg/thorchads
Twitter: https://twitter.com/THORChadsDAO
Medium: https://thorchads.medium.com
Website: https://thorchads.com
OpenSea: https://opensea.io/collection/thorchads

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