THORSwap Releases Vision and Roadmap Details

THORSwap’s vision is “Become the One-stop DeFi Exchange in crypto” by leveraging the cross-chain DEX aggregation protocol.

Details of  THORSwap's vision and roadmap were released in a recent announcement.

More importantly, the team has stated that its mission is  to "Simplify and Grow Cross-chain volume to $1 Trillion".

THORSwap DEX interface has processed $1B+ in transactions and monthly active users crossed 75K. V2 interface is coming soon and will provide much improved UI/UX for cross-chain trading.

THORSwap is building the world's first cross-chain aggregation protocol by utilizing THORChain and integrating additional bridges to access liquidity across all chains.

It's aggregator will expand the support for cross-chain swaps between different blockchains like Bitcoin, Ethereum, Avalanche, Fantom, Polygon, Terra, Solana, IBC, etc.

THORSwap’s cross-chain aggregator aims to  connect $7.6T of monthly trade volume across popular chains, opening the floodgates to free-flowing liquidity. THORSwap will leverage  THORChain and bridge technology to act as the intermediary to expand cross-chain to all assets.

Aggregator Phases (V1 - V5)

1. V1: Ethereum long-tail asset <> Native assets on THORChain
2. V2: Terra aggregator with Astroport and Terraswap integration
3. More EVM L1 and L2 chains (Avalanche, Fantom, Polygon, Arbitrum, etc)
4. Solana long-tail assets
5. IBC assets

vTHOR

THORSwap aggregator will release its own incentive mechanism by introducing vTHOR (single side staking) that accrues value from trading fees. Instead of taking out trading fees, 75% of protocol revenue will be distributed to vTHOR holders.

THORSwap aggregator will bring a significant volume from external blockchains and protocols to THORChain as THORChain is the only protocol that allows a permissionless way to swap between native assets.