THORSwap Monthly Recap: September 2022

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

$vTHOR Discount Tiers & Emissions Adjustment

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 🌱

See this article for more information.

$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 💪

https://app.hyve.works

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

September 15 Twitter Space
September 29 Twitter Space

THORSwap Web App Update Notes

v0.7.1

  • [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

v0.7.2

  • [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.

v2.1.0

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.

Be prepared!

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 ✌

About THORSwap

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.

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
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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

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