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THORChain Enables ETH Trading
October 21, 2021 #News #THORSwap

THORChain Enables ETH Trading

The most anticipated chain resumes trading.


The Big Picture

The latest THORNode update has been pushed and the team has enabled ETH and ERC20 trading on the network.

The community has been on the edge of their seats eagerly waiting for ETH chain to resume after the Summer exploits on Multichain Chaosnet.

Liquidity provisioning and withdrawal should be fully enabled once pool prices are balanced relative to market prices.

Why This Important

It is common knowledge that asset with the second largest market capitalization is ETH.

ERC20 tokens as well have largely defined crypto as a whole.

With ETH chain enabled, more liquidity and economically significant projects/protocols can resume activity.

Also features such as THORFi and Synths and more can be deployed now that the developers can regain focus on upcoming features.

Going Forward

LPs will need to wait for the treasury to balance the pools before being able to realize their full positions.

Audits would continue as the THORChain team continues to build.

More chains to be integrated in the near future include:

  • UTXOs like Doge
  • Binance Smart Chain
  • Dash
  • Cryptonote (Haven/Monero)
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