THORSwap Monthly Recap: July 2022

Cosmos $ATOM Launch, THORYield v2.0 launch, SushiSwap Onsen Farm, vTHOR Reward Recap & more! ⚡Plus teases for DEX Aggregator, THORSafe 👀

⚛ Cosmos $ATOM arrives on THORSwap ⚛

How to Swap from and to ATOM
How to LP with ATOM
Cop the drop here: https://thorchads.metaswagclub.com/products/cosmos?currency=ETH

⚡ THORYield v2.0 Launch ⚡

  • New Design and Features
    THORYield v2.0 includes a full design revamp of the existing app, maintaining core features and introducing new functionality.
  • LP Positions UI has been fully revamped
    LP Positions UI features a new design and structure, it’s now much easier to track your LPs on THORYield with a cleaner interface and more metrics.
  • $THOR Staking UI
    The $THOR Staking Rewards Tracker has been improved, now featuring token price and daily timeframe chart as well as Staking related Stats about your positions and token metrics.
  • Portfolio Tracker
    Our Portfolio Tracker page has undergone a design refresh and introduces new features. You can now view aggregated metrics and details on each specific token in a dedicated page with historical price charts.
  • THORChain Learn
    Want to catch up on everything THORChain on the go? We’ve built a dedicated section with news and learning material so that you can always stay up to date when a new educational updates and content on THORChain & THORSwap are released.

🍣 SushiSwap Onsen Farm 🍣

This month we partnered with SushiSwap to launch an Onsen Farm for very own protocol token $THOR.

🔥 vTHOR Distribution Update 🔥

Here’s a look back at THORSwap’s May Rewards Distribution:

  • Nearly 1/3 of a Million was generated in revenue
  • Over 1/4 of a Million worth of fees earned were distributed to $THOR stakers ( $vTHOR holders), equal to a sustainable real yield APY of 17.76%
  • On The highest trading days, $vTHOR rewards from Fee-share equated to 25% of total yield.
  • Fee-share yield + $THOR rewards meant on days we saw over 300%+ vTHOR APY
  • $57,505 was collected for our treasury, helping us sustain BUIDL-ing no matter the market condition.

BEP2/ ERC20 RUNE #KillSwitch

THORChain’s non-native RUNE Kill Switch has begun. This slowly reduces the redemption rate of BEP2/ERC20 $RUNE to Native.

$vTHOR is now listed on Ledger Live!

You can now send, receive and manage $vTHOR directly from Ledger Live safely. To recap: $vTHOR is the new ERC-4626 vault token which represents your staked $THOR position. As a tradeable and composable token, you can send and receive $vTHOR to other wallets while still accruing staking rewards + compounding yield.

News & Media

THORSwap Engineering Manager Mogarchy joins THORChain dev Chad Barraford in this in depth interview.
July 14 THORSwap Twitter Space
July 28 THORSwap Twitter Space

THORSwap Web App Update Notes

v0.4.0

  • [Feature]: Cosmos Chain Integration
  • [UI]: Slider for liquidity withdrawal
  • [Optimization] Reduced first page load time by ~20%

v0.4.1

  • [Fix]: Cosmos fgasee calculation errors
  • [UI]: RUNE Upgrade rate
  • [UI]: High slippage warning

v0.4.2

  • [Fix]: Fee calculation errors

Coming up next…

THORSwap Aggregator

The THORSwap DEX Aggregator is close to launch and is currently undergoing rigorous internal testing by the team.

THORSafe Multi-Sig Wallet

THORSafe Multi-Sig Wallet interface is currently undergoing testing and will be released to the THORChain community in the near future.

  • Enhanced Security for Self-custody
  • Reduces dependency on one person and one device.
  • DAO/ Group Decision making
  • Escrow Transactions
  • Running a THORNode/ Providing Liquidity as a Collective

Avalanche ($AVAX)

Wallet Picker UI update

With more chains and more wallets integrated, an redesign of our wallet connection UI is in the works…here’s a sneak peak 👀

About THORSwap

THORSwap is the leading decentralized exchange (DEX) powered by multi-chain THORChain. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.

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.

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