THORSwap Launches THORSafe

Kadesh

THORSwap is proud to announce to the launch of its own Multi-Sig Wallet Interface- THORSafe.

We're proud to launch #THORSafe - @THORChain's very own Multi-Sig Wallet Interface ⚡

Level-up your Security by taking the next step in self-custody.

THORSafe is also a powerful tool for collaboration, escrow & governance, enhancing financial inclusion for all.

1/ Thread🧵👇 pic.twitter.com/p4PVZY4gpJ
— THORSwap ✌️ for $vTHOR (@THORSwap) August 16, 2022

The team recently unveiled a multi-sig feature and executed the first Multi-sig transaction successfully with THORSafe, a powerful tool for collaboration, escrow & governance.

Use cases include:

Running Pooled Nodes: Multiple individuals/institutions can pool RUNE together securely to run node.
Liquidity Providing: The Multi-sig will enable multiple users to LP together as users can earn yield on their L1 assets whilst managed by their personal selection of signers.
Financial Management: A collective of smart individuals managing funds and earning yield is better than a single smart individual. Even better is a dead man's switch can be created such that your trusted signers could remove your funds to send to your family.
Hack proof safe: Have your own multi-sig set up with yourself as all 3 signers. That means if one wallet gets compromised, the hacker still needs 2 more wallets to take funds.
For Treasuries: Treasuries can hold $RUNE on balance sheets as a part of DAO, CEX, DeFi and VC treasury management!
Deadman's Switch

THORSafe is also the first advance feature available under THORSwap's new 'Pro Mode'. To use THORSafe (beta), simply turn on Pro Mode on the web app Global Settings, and it should appear on the side menu.

Learn THORSafe