THORSwap Monthly Recap: November 2022
THORSwap Earn Launch, AVAX DEX Aggregator, TraderJoe Integration, KyberSwap Integration, WebApp Updates
THORSwap Earn Launch
On November 14th, THORChain had enabled its long-awaited feature Savers Vaults, which allows users to add Single Side L1 liquidity and earn yield.
With THORSwap Earn, there’s no longer additional $RUNE exposure compared to traditional LP, therefore no Impermanent Loss.
THORSwap Earn yield is powered by THORChain liquidity pools. Unlike a traditional liquidity deposit, you’re only taking the asset side, without exposure to $RUNE or impermanent loss. Traditionally, liquidity providers receive rewards each time assets are traded between the THORChain pools they are supplying liquidity. i.e. LP’s who supply BTC/RUNE receive rewards any time BTC is swapped to/from via THORChain.
Try THORSwap Earn today 👉 app.thorswap.finance/earn
AVAX DEX Aggregator Launch
Our full-featured Decentralized Exchange for Avalanche ($AVAX) tokens — Our users can now connect their self-custodial wallets to THORSwap and swap native $BTC with an AVAX token such as $PNG. We pick the best route with lowest slippage to bring you the best trade in a single transaction ($BTC > $AVAX > $PNG) without using any bridges and as always, all this in a single permissionless self-custodial transaction.
In November, we also added support for Trader Joe v1 Liquidity on THORSwap, you can now swap 83+ additional ARC20 Tokens thanks to Trader Joe liquidity, try it out now: https://app.thorswap.finance/swap
THORSwap has integrated KyberNetwork to make it the first aggregator and DEX to connect their liquidity and aggregation across multiple chains.
This means users can access one-click decentralized cross-chain swaps between KyberSwap’s Ethereum and Avalanche aggregator and liquidity.
Swap between any ETH token ↔ AVAX token using KyberSwap aggregation in 1 transaction. This also includes connecting KyberSwap to major L1s on THORChain like BTC, ATOM, DOGE etc.
THORSwap Web App Update Notes
- [Feature]: Savings
- [UI] Adjust slip visibility on swap + default to 3%
- [FIX]: UI Crash on partial quote data
- [Feature]: TrustWallet Extension
- [Feature]: Ledger Derivation Paths
- [FIX]: Ledger Cosmos Gas Issue
- [FIX]: Ledger LTC issue + warning
- [CHORE]: Improve Earn values (add estimated time, add slip from quote, update TX value to be quote based instead of pool amount)
- [CHORE]: Add synth pool mint check
- [PERF]: Reduce amount of api calls on Earn
- [Feature]: Enable TraderJoe
- [Feature] Hide any token from wallet balance list
- [CHORE]: Update savings calculation
- [UI]: Show Upgrade RUNE warning
- [UI]: Show Ledger UTXO price protection warning
- [UI]: Improve dashboard charts data to be more precise and up to date
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
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