Today, LeoDex has done over $1.49M in THORChain swaps. We've been building our roadmap for cross-chain swaps relentlessly and the continued growth of LeoDex has been a great KPI to track. We have consistently climbed the rankings amongst THORChain interfaces and have become a top interface for native BTC and other crypto swaps through THORChain's protocol.
THORChain offers native cross-chain swaps (BTC<>ETH, etc.) using a unique vault signature scheme. THORChain's value proposition is fast, efficient and most importantly; fully decentralized cross-chain swaps.
We are proud to be one of the top THORChain interfaces and will continue to build out the LeoDex UI/UX to continue serving this ecosystem and the many other partners we're onboarding in the future.
Why LeoDex for THORChain
LeoDex redefines the swap experience with a CEX-like, non-custodial DEX interface for THORChain. Enjoy cheaper, faster cross-chain trading for BTC, ETH, RUNE and thousands of other assets with features like referral rewards and QR Code "No Wallet Connection Required" swaps. - https://thorchain.org/ecosystem
- Superior User Interface/User Experience
- Streaming Swaps by Default = Optimized to Find Your Best Swap Execution
- Connect With ANY Crypto Wallet: Hundreds of Wallets Already Integrated
1). Superior User Interface/User Experience
LeoDex offers a superior swapping experience by focusing on User Experience above all else. LeoDex's swap experience is clean, minimal and gives you everything you need to find your best swap.
When you do a THORChain swap, you are walked through a very simple and clean experience through the life of your swap. Just a few clicks and then you'll observe your cross-chain swap flowing seamlessly through THORChain's 5 lifecycles of a swap:
- Inbound Confirmation
- Observation
- Finality
- Outbound Queue
- Outbound Confirmation
2). Streaming Swaps by Default = Optimized to Find Your Best Swap Execution
Streaming Swaps on THORChain improves execution by an order of magnitude. If you're wondering "how to do a THORChain streaming swap", LeoDex has you covered. Swapping from LeoDex will find the optimal streaming swap settings based on your input assets and amounts autonomously. We abstract the complexity so you can focus on what you need to focus on: doing your best swap.
A streaming swap simply breaks up a large swap into subswaps so that they are executed with superiority. Imagine if you swapped $100,000 into a pool but instead of doing $100,000, you did 100 swaps for $1,000 each and spread them out every few seconds to allow the pool to be arbitraged/rebalanced.
This is how THORChain streaming swaps work but with LeoDex, we take all the manual labor out of the equation for you. Just enter the "$100k" swap and then hit confirm and it will automatically be broken up into the optimal subswap sizing and swaps per block.
3). Connect With ANY Crypto Wallet: Hundreds of Wallets Already Integrated
LeoDex also offers nearly every single wallet as a connection method. We've got a handful of direct implementations alongside "Wallet Connect" which has hundreds of wallet connectivity options.
We've also integrated LeoAuth as a method for seamless use of Keystore wallets with Passkeys/Biometric logins to make the experience of using THORChain even easier.
Guided Walkthrough: How to Swap on THORChain
1). Connect a Wallet
Start by connecting with your favorite wallet. For this tutorial, I'll use Keystore.
2). Pick a Route & Amount
Click on the asset selector and choose the two assets you want to swap. LeoDex offers a few sorting methods. By default, it will sort the top balances in your wallet from top to bottom (in USD terms).
3). Click "Swap" to Confirm and Swap
Clicking Swap will show you a final confirmation window. This will show you what you're swapping, how much you will receive and the expected fees. You can also click to expand the memo to see the exact memo that is getting sent to THORChain if you want to triple verify that everything is right.
Once you're happy with the details, click swap to finalize it.
4). Done! Track it On the Explorer
Your swap is now complete - yes, it is literally that easy! - we utilize XScanner for the "View in Explorer" link that allows you to track the lifecycle of your swap in real time.
Using this swap as an example, you can see everything happening in real-time by clicking "View in Explorer" after completing your THORChain swap.
FAQs
Do I need to connect a wallet?
No - you can actually swap without connecting a wallet for certain routes. This uses our "QR 2 Swap" feature. You can also choose WalletConnect which allows you to connect with nearly any wallet. If neither of these suit your needs, then simply connect using one of the wallet connection methods on the UI.
Why is there a wait sometimes?
Depending on the size of your swap, LeoDex will optimize the streaming swap feature of THORChain to get you the best price execution for your swap. This might mean waiting a few minutes or longer depending on the swap size and pool depth of the asset you're swapping. Typically, any swaps under $100k are executed in just a few minutes or less while larger $1M+ swaps may take longer.
What's a Streaming Swap and when should I use it?
A Streaming Swap breaks your larger swap into subswaps to get optimal execution. LeoDex's default operation is to autonomously optimize your streaming swap settings to get you the best execution on your THORChain swap. You can disable this in the settings but most users are best leaving it at the default settings. Let LeoDex do the heavy lifting so you just get the best streaming swap execution possible.
Ready to find your best swap? Go to https://leodex.io for all of your THORChain swapping needs 🦁