Avalanche

Wrapped AVAX

THORSwap

<p>Introducing WOOFi: Enhanced Avalanche Liquidity Through Partnership with THORSwap</p><p>A thrilling announcement comes from THORSwap, unveiling their new DEX Aggregator liquidity provider – WOOFi! In partnership with the WOO Network, a hybrid of centralized finance (CeFi) and <a href="https://blockchainreporter.net/defi/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> services, THORSwap plans to provide its users with increased liquidity on the <a href="https://www.avax.network/" rel="noopener noreferrer nofollow">Avalanche</a> blockchain. This collaboration also widens the WOOFi liquidity scope, enabling a connection between any WOOFi and any THORSwap accessible asset, eliminating previous restrictions.</p><h2 id="header-0">Unveiling WOOFi</h2><p>Part of the WOO Network, WOOFi offers a platform for traders, exchanges, institutions, and DeFi protocols to tap into comprehensive liquidity and perform cost-effective trading. It exposes the liquidity of WOO X, the central exchange, fully <a href="https://blockchainreporter.net/glossary/on-chain/" rel="noopener noreferrer nofollow">on-chain</a>.</p><p>With this partnership, THORSwap users are granted access to an extended liquidity pool for tokens such as $AVAX, $USDC, $USDT, $BTC.b, $WETH.b, $WAVAX, $WOO. Users can seamlessly switch between significant Layer 1’s, including <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin</a>, <a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum</a> (along with 4,500&#43; <a href="https://blockchainreporter.net/glossary/erc-20/" rel="noopener noreferrer nofollow">ERC-20 tokens</a>), Cosmo Hub ($ATOM), THORChain, BNB Beacon&#43;Smart Chain, Dogecoin, Litecoin, Bitcoin Cash, without the necessity for asset bridging or wrapping. THORSwap is committed to delivering a top-notch decentralized, permissionless, self-custodial cross-chain trading experience, all executed within a single transaction.</p><h2 id="header-1">The Ultimate Liquidity Aggregator</h2><p>THORSwap aims to merge the best liquidity sources in the crypto sphere to provide a smooth cross-chain exchange experience. WOOFi offers access to considerable liquidity through the WOO Network’s decentralized exchange.</p><p>Through internal quality assurance, WOOFi was found to be a formidable competitor, often emerging as the leading <a href="https://blockchainreporter.net/glossary/liquidity/" rel="noopener noreferrer nofollow">liquidity</a> source for Avalanche’s native Bitcoin to stablecoins like $USDC and $USDT. As a super-aggregator of diverse liquidity sources, THORSwap continues to improve and provide users with enhanced options for optimal pricing, superior routing, and minimal slippage — only the best quote is prioritized.</p><p>Upon the completion of THORChain’s integration of BNB Smart Chain, WOOFi is expected to be incorporated as a BEP20 liquidity source.</p><h2 id="header-2">Advantages for the $THOR Community</h2><p>Like many liquidity sources, WOOFi charges an exchange fee on every swap. However, with this integration, <a href="https://thorswap.finance/" rel="noopener noreferrer nofollow">THORSwap</a> has become a whitelisted WOOFi broker — earning 0.5bps from each trade routed to WOOFi via the broker’s application, resulting in a new source of protocol revenue.</p><p>Put simply, this arrangement implies:</p><ul><li>WOOFi applies a 2.5bps (0.025%) fee on all swaps.</li><li>THORSwap receives a 0.5bps (0.005%) rebate from WOOFi.</li><li>75% of this rebate is distributed to $vTHOR holders, increasing #RealYield.</li></ul><p>Technological Advantages for SwapKit API Partners It is certain that access to WOOFi liquidity is now incorporated into SwapKit — THORSwap’s comprehensive suite of cross-chain services. Consequently, all SwapKit partners can tap into aggregated Ethereum Mainnet and Avalanche C-Chain Liquidity with THORChain native swaps, DEX aggregation, yield, analytical tools, and more.</p>

THORSwap Partners with WOOFi for Enhanced Avalanche Liquidity

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