USA, August 20, 2024 / AlexaBlockchain/ – SwapKit.dev, a pioneer in providing cross-chain infrastructure, is accelerating today’s DeFi ecosystem by announcing a strategic partnership with LI.FI, a popular bridge and DEX aggregation protocol. This groundbreaking integration will enable users of LI.FI partners such as Jumper to expand access to native asset swap cross-chains via THORChain.
dApps built on LI.FI now allow users to enjoy seamless cross-chain swaps of native assets between Ethereum, BSC, and Avalanche thanks to THORChain integration via SwapKit SDK+API. With native Bitcoin swaps scheduled to launch in Q3, LI.FI’s bridge support for native assets is poised to expand even further.
LI.FI’s already powerful aggregation stack is significantly enhanced by the integration of SwapKit, offering a total of 35 DEXs, DEX aggregators, solvers, and 16 bridges across 24 chains. This comprehensive suite provides both builders and users with a powerful toolkit for navigating the complexities of the cross-chain landscape. Builders looking to integrate native asset cross-chain swaps will find all the tools they need in SwapKit.
“Integrating a new ecosystem is always a huge help. Thanks to the support of the SwapKit team, we were able to integrate into their existing APIs, providing our partners with the same experience they had with their EVM integrations,” said Max Klenk, CTO and Co-Founder of LI.FI.
“SwapKit significantly improves cross-chain swap functionality, making native asset transfers accessible via THORChain.”
Built on the Cosmos SDK, THORChain is a decentralized cross-chain liquidity protocol that operates as an independent Layer 1 DEX leveraging the Tendermint consensus engine, the Cosmos-SDK state machine, and the GG20 Threshold Signature Scheme (TSS). Unlike traditional DEXs, THORChain facilitates non-custodial native asset swaps across chains without the need for wrapped or pegged tokens. This ensures transparent and fair pricing without relying on a centralized entity. The decentralized protocol leverages persistent liquidity pools to maximize efficiency by directly managing funds in an on-chain vault protected by economic incentives.
By simplifying THORChain integration and providing a feature-rich feature set, SwapKit is quickly becoming the go-to solution for developers looking to power their products with seamless cross-chain functionality. With user-friendly APIs, SDKs, and a commitment to innovation, SwapKit is poised to play a key role in shaping the future of the multi-chain future.
Introducing SwapKit
SwapKit.dev provides a configurable and user-friendly API + SDK that simplifies THORChain integration, allowing any dApp to implement multi-chain functionality in less than 100 lines of code. Featuring streamlined affiliate fees, optimized quotes and gas prices, robust wallet connectivity, and DEX aggregation, SwapKit facilitates seamless swaps between 5,500+ crypto assets across 14 blockchains in a single transaction. Trusted by leading protocols such as THORSwap, KeepKey, and Onekey, SwapKit abstracts away the complexity of THORChain service integration, providing a battle-tested infrastructure that ensures cost-effective enterprise-grade performance.
Source: SwapKit
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