Liquality + THORChain = Cross-chain Liquidity
One of the most important additions to the Liquality Wallet in the 0.54 release is the inclusion of THORChain as a swap provider. Think of the service as a cross-chain DEX vs. a DEX that works with assets that belong to a single ecosystem.
Just like Liquality, THORChain is building solutions that put the nail in the coffin of a one-chain mentality by prioritizing interoperability. Both projects are working to develop a multi-chain Web3 space where users don’t have to think about the intricacies of any specific network and can freely move across all of them. THORChain’s focus on cross-chain liquidity is an important step in that direction.
With the ability to use THORChain directly from your browser extension, you’ll be able to exchange assets seamlessly between Bitcoin and Ethereum. THORChain will soon provide cross-chain compatibility with more chains, including Terra, Avax, Binance Smart Chain, and more.
This is possible thanks to THORChain’s vast reserves of cross-chain liquidity. THORChain boasts a $1.8 billion volume in on-chain swaps and 33 liquidity pools holding over $339 million in TVL, making it one of the most popular solutions for users who wish to carry their assets across different networks in the most efficient and decentralized way.
It also has an ecosystem of desktop and mobile applications developed by the community that allow them to perform trades, provide liquidity, and identify new opportunities, among other ways to leverage Thorchhain’s technology. Some of these dapps include:
As the main interface to THORChain’s cross-chain liquidity, the dapp allows users to trade 20 native assets across five different chains as well as provide liquidity, symmetrically or asymmetrically, to their corresponding AMM pools.
An interface that integrates exchange aggregators and cross-chain solutions like THORChain to provide users with a web app that’s an easy path to exchanging assets from different networks.
A DeFi investment platform that automates processes for users. It makes use of THORChain synths and has included THORfi products like composites and borrowing into its roadmap.
A dashboard that allows users to keep tabs on their earnings in all their assets added on THORChain through a THOR, BTC, ETH, BNB, LTC, or BCH address. It includes important analytics such as active bonds, MCCN liquidity, top tokens, top pairs, and liquidity APY.
THORchain LP Calculator
Powered by Flipside Crypto, this tool allows users to determine how much yield they’ll receive for providing liquidity to any THORchain pool.
A data aggregator for THORChain. It uses the network’s Midgard API to give users valuable insights into liquidity pools.
Download the Liquality Wallet today to take advantage of THORChain and other integrations that make it your one-stop shop for all of crypto.