THORSwap Monthly Recap: September 2022
New THORSwap Homepage, $THOR Discount Tiers and Emissions Adjustment, Hyve Integration and more!
Welcome back THORChads, Regardless of the market conditions, we continue to deliver DeFi's Multi-Chain future. Read onwards for a recap of September and what's coming next.
This month THORSwap team has been quietly laying the groundwork for some of the most important features and partnerships for us as a protocol. Soon Avalanche $AVAX will be the next major L1 chain integration to arrive in a matter of days.
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THORSwap Homepage Design Update
After finally entering a new Cross-chain DEX Aggregator era, we decided to give our homepage a fresh makeover to celebrate the momentous occasion. Visitors can now directly start searching for any token we support directly from the homepage ✌
Check it out by visiting thorswap.finance
As promised, we’re formalizing THORSwap Exchange Fee discounts for $vTHOR holders. Depending on your HODL amount, you will be eligible for a discount of 17~100% off Exchange Fees when trading on THORSwap 🔥
On September 28, THORSwap has reduced staking emissions by ~50% from 15 $THOR per block to 7 $THOR per block. As swap revenue increase, we will continue to taper this down, transitioning away from inflationary emissions to a long-term sustainable real yield model 🌱
$THOR Integration on HYVE
Our protocol token $THOR is now integrated on HYVE — a leading Web3 Work freelancing marketplace.
Put your $THOR to work or earn $THOR for providing your expertise 💪
THORSwap Rewards Recap
Here’s the latest recap of vTHOR rewards distribution:
Our Sustainable Real Yield has remained consistent at around 5% APY for the past three months (July, August and September). A steady 5% APY of native yield situates THORSwap into the top revenue-generating protocols in the whole of DeFi.
THORSwap featured in…
THORSwap Twitter Space Q&A Recordings
THORSwap Web App Update Notes
- [Feature]: LUVI APR for pools on dashboard
- [Feature] MetaMask AVAX Integration
- [UI]: Wallet drawer action buttons
- [Fix] Contract interaction fixes for Keystore & Ledger
- [Misc] UI optimization and miscellaneous bug fixes
- [FEAT] Transaction Manager revamp.
- [UPDATE]: XDEFI & MetaMask can now work simultaneously when XDEFI is deprioritised.
- [FEAT]: XDEFI Solana support.
- [FIX]: Legacy $THOR staking contract harvest.
- [FIX]: ERC20 token ‘Approve’ to spend changes to ‘Swap’ button after confirmation + TX tracker updates/complete correctly.
- [FIX]: Ledger Litecoin & Dogecoin support.
- [FIX]: Purchase THORName TNS via Keystore wallet.
With this release THORSwap V2 officially exits Beta. Legacy V1 app is now deprecated.
- [FEAT] vTHOR Discount Tiers
- [FIX]: Create liquidity now auto balance inputs
- [FIX]: Swap route selection
- [FIX]: Ledger RUNE integration
- [FIX]: Dashboard chart resize UI bugs
- [FIX]: Transaction manager completed data now properly formatted
- [FIX]: THORSafe Multi-sig edgecase actions
Coming up next…
Avalanche $AVAX integration
After a slight delay, Avalanche ($AVAX) will finally arrive on THORSwap within a matter of days.
Trade cross-chain now between $AVAX, $USDT & $USDC on Avalanche with Native $BTC, $ETH, $BNB, $ATOM, $RUNE, $DOGE, $LTC, $BCH & 4,800+ ERC-20 tokens in 1-click.
Avalanche ARC-20 DEX Aggregator
THORChain’s native AVAX integration also enables us to soon launch our ARC-20 DEX Aggregator, directly connecting to 180+ long-tail asset liquidity on Avalanche C-Chain to THORSwap. Swap any ARC20 <-> ERC20 in 1 click.
THORSwap Earn (Single-sided Yield)
We’re on the precipice of releasing another one of the biggest innovations in DeFi: Single-side yield of Native $BTC.
Powered by THORChain Yield-bearing Synths. Soon everyone can Earn $BTC on $BTC, $ETH on $ETH and more without exposure to $RUNE.
The BUIDL never stops at THORSwap 💪 The upcoming coming months will be some of the most important for THORSwap protocol thus far — stay tuned THORChads, we’re going to take DeFi to the next level ✌
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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