THORSwap Monthly Recap: June 2022
Messari Report, Cross Chain Expo & Consensus 2022, THORChain Mainnet, THORMug, THORName Launch, LP Tutorials, WebApp update notes and more! ⚡
Góðan morgin THORChads! 🌞 It’s the end of June and we’re midway through the wild ride that is 2022 🤯.
Here at THORSwap we’ve been keeping ourselves busy BUIDL-ing through this bear. We’re pleased to give everyone another update on the fruits of our labour this month 💪
Messari Crypto report on THORSwap
We are proud to be featured by leading provider of crypto market intelligence products Messari Crypto in a Dedicated Report. The piece goes in depth into the core technologies powering THORSwap, how we are leading the way for DeFi Cross-Chain finance, and our future potential.
“The great paradox of today’s “decentralized” economy is that centralized exchanges process most cross-chain asset swaps. Centralized liquidity is problematic for the long-term viability of digital assets. Providing cross-chain liquidity in a decentralized manner is, therefore, the “holy grail” of digital asset development.”
“THORSwap benefits from top-notch tokenomics from the $RUNE & $THOR tokens. These tokens will incentivize sufficient liquidity & trading activity.”
“THORSwap provides real utility, allowing users to swap effortlessly between native assets. Its simplistic UI/UX will help drive adoption and offer accessible alternatives to centralized exchanges.”
Read the full THORSwap Messari report ‘THORSwap: Solving Cross-Chain’s Centralization Problem’ here: https://messari.io/article/thorswap-solving-cross-chain-s-centralization-problem
Cross Chain Expo & Consensus 2022
On June 8th, the first-ever Cross Chain Expo (sponsored by THORSwap) was held alongside Consensus 2022 — a mini-conference featuring talks, conversations, & connections with innovators building toward our multi-chain future. Mogarchy — THORSwap Engineering Manager also presented at the THORChain deepdive at Consensus 2022, watch the full talk here (begins (9:45).
THORChain Transitions to Mainnet
4 years in the making, after over a year of Chaosnet hardening, undergoing battle tests and integrating new chains — THORChain officially transitioned to Mainnet!⚡ Read all about it on the THORChain Medium.
Our very own Operations Manager paperX was honored to create the official art work to celebrate this monumental occasion. We also released an limited edition THORMug as a piece of memorabilia. Skål THORChads! 🍻
Order your THORMug (edition of 100): https://thorchads.metaswagclub.com/products/thormug
To cap off the month, the long-awaited THORName finally went live!
Multichain personalized wallet addresses, powered by THORChain.
Own your name, own cross-chain ⚡
Visit https://app.thorswap.finance/thorname to register and manage your THORName.
Read our medium article for all the details.
Yield Earning Tutorials
Still HODL-ing strong, looking to buy the dip? We released a number of LP and Swap tutorials on our Community YouTube Channel:
$THOR is now listed on Ledger Live!
You can now send, receive and manage THOR directly from Ledger Live safely. $vTHOR will soon be listed also ✌
Terra Luna Resolution
THORChain protocol has completed the Ragnarok process (removal of Terra Chain + liquidity pools) from the network. All LPs have been withdrawn/ sent back to providers in the same manner as they were deposited with ILP applied. For more info see THORChain’s medium article.
We have also completed the removal of Terra from THORSwap Interface and Wallet selection.
THORSwap Web App Update Notes
- THOR Nodes screen migrated from V1
- Vesting screen migrated from V1
- Solana integration with Phantom and via key store
- Wallet modal revamp
- Fix total fee no longer being subtracted from output amount
- Add min amount for outbound ETH swap based network fee
- Language menu list now shows flags on Windows too
- Few vThor fixes
- Announcements Redesign
- Redesign Wallet Chain selection
- Add Solana USDC SPL Support
- Show TX fee tokens on confirmation
- Fix XDEFI & MetaMask priority recognition when both are in use.
- Fix fetching ETH values for alts on Card view
- UI Fixes for sidebar & tooltip
- Further performance optimisations for first page load
Coming up next…
Cosmos ($ATOM) ⚛
Cosmos integration on THORChain is coming right around the corner, we have fully tested on Stagenet and ready to deploy to Mainnet interface as soon as it’s enabled 💪
This will be followed by preparation and testing for Avalanche on Stagenet.
THORYield V2.0 mobile app
The long-awaited THORYield Mobile App v2.0 is launching on July 15th for both iOS and Android users via a major Update.
The new app is aiming to fix the current UI/UX issues alongside secret features that you will discover after the app is updated on your phone.
The THORSwap team will continue to maintain this key ecosystem product for the community bringing new improvements and features.
ETH DEX Aggregator
THORSwap’s ETH Aggregator has been thoroughly audited and continues to be tested internally by the Team.
Stay tuned in our discord for further updates!
THORChain Multisig Service
Another long-awaited feature for the THORChain ecosystem. Multisig enables high security for pooled nodes, e.g. DAOs can run a THORNode using multisig, add liquidity or swap synth or cross-chain assets using multi-sig with enhanced security, here’s a sneak peek:
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
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