THORSwap is a decentralized cross-chain exchange (DEX) that supports multiple blockchains by utilizing the THORChain network.

THORSwap serves as a front-end user interface for cross-chain swaps carried out in a permissionless, trustless, and non-custodial way.

Cross-chain made easy

THORSwap is a community driven project and their journey started in the summer of 2020.


Users can swap numerous cryptocurrencies with THORSwap in a non-custodial way, and it also serves as the primary interface for THORChain liquidity providers (LPs).


THORYield, a separate analytics tool developed by the THORSwap team, allows liquidity providers to evaluate the success of their position.


THORSwap in our opinion is so powerful because it eliminates the need for users to bridge assets and enables NATIVE asset swaps right on its platform.

Why do we love THORSwap?

Centralized Exchanges soon become obsolete

THORChain has completely revolutionized non-custodial asset trading by tying together several Layer 1 Blockchains and enabling users to exchange assets amongst them in a totally decentralized fashion. 

No Centralized counter parties, Bridges or Wrapping Tokens needed. Hence there spot-on hashtag #BetterThanCex


THORSwap currently supports cross chain NATIVE swaps across 10 blockchains in a decentralized and non-custodial manner.

Earn yield on NATIVE Bitcoin

Liquidity providers can add liquidity to each underlying liquidity pool, enabling Bitcoin owners to earn yield on their NATIVE Bitcoin (no wrapped or pegged Bitcoin required).

1-click Trade 5000+ tokens across 10 Blockchains

Bitcoin

Ethereum (ERC20)

Binance Smart Chain (BEP-20)

BNB Beacon Chain (BEP-2)

Cosmos

Avalanche

Dogecoin

Litecoin

Bitcoin Cash

Thorchain

THORchain Savers Vault

Provide Bitcoin Liquidity to earn yield in Bitcoin. 


THORSwap user interface utilizes THORchain Savers Vault


How it works:

  • User deposits Bitcoin
  • Bitcoin gets turned into liquidity pool
  • Pool does swaps and earns yield
  • Yield is paid back to the Saver Vault and accrues up
  • Saver can leave anytime back to L1 Bitcoin

Users have to pay slip fees when entering or leaving a Savers Vault

A crucial step in THORSwap’s evolution

THORSwap's native token THOR acts as a governance, utility, and proof of membership token. 


A more in depth view can be found here.


THORSwap's vTHOR offers staking rewards, auto-compounding, trading discounts, composability, capital efficiency and more.

Swap Optimization Improves DeFi Trading Efficiency and Flexibility

Think about sipping a drink gently as you enjoy it rather than gulping it down all at once. Taking your time often ends in a better overall experience. Similarly, you can get better price execution (the optimal rate/lower slippage) by being more patient with your swaps.


With Streaming Swaps you now have the option to execute your Swap Time Optimized (faster execution) or Price Optimized which allows trades to be broken down into a number of sub swaps, allowing for potentially a more favorable average price.

THORSwap Streaming Swaps docs

0% interest, No liguidations, No Expiry-Unlock

The initial phase of lending on THORChain marks an iconic moment in decentralized finance. Users may now lend their layer-1 assets like Bitcoin and Ethereum and borrow 1000+ assets cross chain via a USD-denominated debt with unrivaled terms:

- 0% financing

- There will be no liquidations (i.e., your collateral will not be confiscated or auctioned).

- There is no time limit (you can retain your loan for as long as you like).


More info can be found @THORSwap https://docs.thorswap.finance/thorswap/thorswap/lending

All-in-one tools and features and never to need a KYC

THORSwap has a very good in easy to use interface.
In our opinion less is more and THORSwap nails this. All tools and features can be found in that interface and a big bonus is that you never have to supply a KYC.
 
What we also noticed is their rapid pace of development & level of transparency through their Medium blog posts. If you follow their socials you'll be absolutely blown away. They have a very strong community of supportive and engaged THORChads.

Another pluspoint of THORSwap is their 24/7 technical support via their Discord channel.

"Giving You DeFi Superpowers."
THORSwap

Let's look at the numbers..
Overview of THORSwap's Statistics

Swap Count

> 16.636.281

Monthly Active Users

38.717

Daily Active Users

>2.056

30 day Swap Count

1.848.565

Social Media

Twitter, Discord, Telegram, Facebook, Youtube, Medium

Twitter Followers

> 48K

Get started with THORSwap

Do you want to start swapping from your own wallet? Want to be your own bank? No centralized bridges or wrapping assets? THORSwap is the answer!

Click here to head over to ThorSwap
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