THORSwap Introduces Streaming Swaps: Enhancing Cross-Chain Trading
In a move set to reshape the DeFi landscape, THORSwap has launched a revolutionary feature called THORChain Streaming Swaps. This new functionality aims to enhance the cross-chain trading experience for users.
Key Points:
- THORSwap is a leading DEX that has been committed to permissionless cross-chain trading since its inception.
- Previously, traders had to manually divide large trades into smaller swaps, leading to increased gas fees and a cumbersome process.
- Streaming Swaps streamlines this process by splitting a swap into sub-swaps executed over time.
- This approach reduces price slippage, allows arbitrageurs to rebalance pools, and optimizes trade execution.
- Users have the choice between time optimization and price optimization when utilizing Streaming Swaps.
The User Experience:
By employing Streaming Swaps, users can achieve better price execution and lower slippage. It’s comparable to savoring a beverage slowly instead of consuming it all at once.
Empowering Users with Customization and Security:
THORSwap plans to add customization options, such as adjusting swap intervals and determining the number of sub-swaps. Despite these new features, THORSwap ensures that users’ assets remain securely stored in THORChain vaults.
The Bright Future Ahead for THORSwap:
THORSwap has demonstrated resilience, with organic fee revenue accounting for 44% of node earnings. The platform is seeing a steady increase in unique addresses and has integrated with popular wallets like TrustWallet and Ledger Live. Despite a drop in total value locked, THORSwap remains committed to innovation and delivering value to its users.
Hot Take:
THORSwap’s introduction of Streaming Swaps is a game-changer for cross-chain trading. By offering users more control and flexibility, THORSwap continues to push the boundaries of DeFi and solidify its position in the market.
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