THORSwap Monthly Recap: March 2022
THORSynths; Roadmap; V2 UI; Desktop V5; THORYield Fixes; Volume Metrics; TERRA Launch & Limited Edition Sweater; and more.
THORSynths are LIVE
THORChain’s Synths feature has been activated, providing a fast and low-cost way to transact. Users can now mint, redeem and swap synthetic assets on THORSwap.
Synthetic Assets have an average volume of $30M at the time of this article’s writing and are currently capped at 15%. Synth caps are expected to be raised over time as the community continues to test THORSynths.
Roadmap Updates
Cross-chain Aggregator, V2 UI Redesign, and vTHOR are coming soon.
THORSwap’s goal is to “become the One-stop DeFi Exchange in Crypto.”
Check the tweet thread for some sweet, sweet alpha:
V2 UI
Over the course of March, we’ve teased THORSwap V2's Swap UI and a number of screenshots.
The launch of THORSwap V2 will improve usability for THORSwap users with a reimagined UI design.
THORSwap V2 will soon open for community testing. At launch, THORSwap V2 will offer core DEX features: Swap, Add Liquidity, and wallet features. Users will be able to switch between V1 and V2 UI as the app continues active development.
Desktop App V5.0
The latest version of the official THORSwap desktop app features support for the THORChain hardfork, Terra LUNA integration and fixes/ improvements.
THORYield Improvements
We’re excited to report that all major issues with THORYield have been fixed, and stability has been achieved.
Users can now check their THORChain yield on the THORYield WebApp.
Additionally, the Android App has been released and is now available for public download on the Google Play Store. You can download it here.
If you are an iOS user, please download the app via TestFlight here.
We’re looking forward to your feedback, THORChads! Please join our discord and share your suggestions / improvements: https://discord.gg/thorswap
THORSwap-specific Metrics
THORSwap processed $563M in swap volume during March, an all-time high!
A standard 0.3% swap fee would have generated ~$1.6M revenue.
Daily volume over the past 3 weeks has averaged around $20M per day.
And 75% of all THORSwap revenues will accrue to vTHOR holders…
THORChain Hard-Fork
THORSwap team has been closely following the highly anticipated THORChain hard-fork and successfully updated Ledger, WalletConnect, and keystore integrations as part of the process.
Users can connect any preferred wallet to transfer, trade assets, and manage Node bonds directly using the web app and Desktop App.
Swap UST or LUNA across chains on THORSwap:
$LUNA & $UST has landed on THORSwap! Users can now swap UST and LUNA directly to native BTC, native ETH, native BNB, native DOGE, native BCH, native LTC, stablecoins (USDC, USDT, BUSD, DAI) and many other ERC-20/ Binance Chain assets.
Swaps between native assets can be completed in one step and do NOT require any bridging, wrapping, or pegging.
The $LUNA pool on THORChain currently has $38m in liquidity. APY is growing and is currently at 16% at the time of this writing (APY is calculated on a 7 day average).
The $UST pool on THORChain currently has $24m in liquidity. APY is constantly growing and currently at 40% at the time of writing this article.
For a detailed step-by-step tutorial on how to swap $LUNA and $UST on THORSwap, please refer to our Tutorial Videos on YouTube.
To celebrate this momentous occasion, we dropped a limited edition TERRA Luna x THORChain crewneck sweater designed by our very own @paperX_Art :
All collectors of this Limited Edition merch will be airdropped an NFT with every purchase.
THORSwap x Cryptonary Podcast
The THORSwap Team was invited to Cryptonary’s NFA podcast series.
We discussed THORChain, THORSwap, THORSynths, vTHOR staking, and THORSwap’s plans for a Cross-Chain Aggregator of Aggregators.
Check it out!
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.
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
