Big news: @THORSwap's Cross-Chain DEX Aggregator launches on August 23rd 🔥
In less than 2 weeks, we enter the next phase of our Multi-Chain future⚡Beginning with connecting 8,300+ ERC-20 tokens direct to native #BTC, $ETH, $BNB, $ATOM, $DOGE, $LTC, $BCH, $RUNE & more!
1/ 🧵👇
2/ What makes @THORSwap's Cross-Chain Aggregator special?
Swap to & from ERC-20 to any @THORChain supported L1 native asset in one transaction.
We calculate the best price, route & lowest slippage to save you gas and time 👌 Our token whitelist also filters out potential scams.
No more comparing prices between AMMs for ERC-20 swaps. We've connected @1inch, @Uniswap V2+V3, @SushiSwap & @0xProject pools to offer the best prices and the deepest liquidity.
THORSwap = Aggregator of Aggregators⚡
4/ How bullish would you be if top DEXs like Uni, Sushi, 1Inch etc could swap to #BTC, $ETH, $BNB, $ATOM, $DOGE, $LTC, $BCH, $RUNE?
We're talking native assets😎, not $WBTC or other wrapped IOU tokens.
This becomes reality in less than 2 weeks.
The Multi-Chain Future is Now 🚀
5/ In the future we'll continue to integrate a wide range of Aggregators tailored to your every trading need.
With features like: Improved Routing, MEV Protection, Cashbacks, Transaction Splitting & more.
#ETH is just the beginning, many DEXs across new chains are in the works:
6/ Finally, everything we've built is available via our Pathfinder API - a simple one-stop solution that gives access to @THORSwap’s aggregated liquidity and cross-chain capabilities ⚡
We look forward to collaborating with many partners to build an interconnected Multi-Chain 💪
Early $THOR Stakers were able to lock in $vTHOR at a 1:1 ratio with $THOR.
Staking Rewards for THOR Staking 2.0 (vTHOR) have kicked off with a staggering 328,600 $THOR distributed to vTHOR holders thus far in just the first 2 days.
We've seen massive support from the @THORSwap community as $vTHOR TVL quickly overtook Legacy $THOR staking.
~80% of Legacy $THOR Stakers migrated to $vTHOR in the past 2 days 🤯
$vTHOR holders are now enjoying 200%+ APY from 75% of all THORSwap Exchange Fees + emmissions. 2/x
Furthermore, to celebrate the launch, @THORSwap's Exchange Fee has been 100% waived for all $vTHOR hodlers (for a limited time)!
In the future, discounts will be adjusted accordingly via tiered system.
Remember: 1. Legacy Staking APR will end upon $vTHOR launch 2. When you withdraw, rewards will also be claimed (so 1 tx is all you need)
How will auto-compounding & claiming rewards work in $THOR Staking 2.0? Through $vTHOR of course! In this example you can see $vTHOR makes everything a lot more flexible and intuitive.
It's even transferable so you won't have to withdraw/ restake to move your staking position💪
@THORChain Synthetic feature is coming in a few days and will open the gate to THORfi.
Users will be able to Mint synth assets, swap between synth assets, and Redeem to the Native assets.
But, Wtf is THORChain Synth? 👇🧵
1. THORChain synthetic assets are primitives for both higher-order financial features, as well as fully-secured, fully-backed synthetic assets that can be sent anywhere in the Cosmos IBC ecosystem and they will always retain the guarantee they can be redeemed for the underlying.
2. THORChain synths are unique in that they are 50% backed by their own asset, with the other 50% backing being provided by RUNE. This is achieved by using pool ownership to collaterise the synth, which ensures always-on liquidity and pricing.
Single $THOR staking will eventually migrate to vTHOR in the future.
Prepare yourself Chad, we have so much more to give.
1. So far for (🔱,🔱) we have launched:
- Incentive pendulum to balance staking incentives and demand for OHM bonds
- ETH.RUNE OHM Bonds to set up TC Nodes to help network stability and acquire TC liquidity
- Reduced our over efficient liquidity to benefit nodes and network
2. For vTHOR, we had our best degens revamp THORSwap’s tokenomics — bringing more utility, composability, value accrual, and capital efficiency.
vTHOR will be interest-bearing, auto-compounding, and will unlock the full potential of cashback.