United States, August 20, 2024 / AlexaBlockchain/ – SwapKit.dev, a pioneer in providing cross-chain infrastructure, is accelerating today’s DeFi ecosystem by unveiling a strategic partnership with LI.FI, the renowned bridge and DEX aggregation protocol. This groundbreaking integration empowers users of LI.FI partners such as Jumper to expand access to native asset swaps cross-chain via THORChain.
dApps building on top of LI.FI can now enable 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 expected to arrive in Q3, LI.FI’s bridge support for native assets is poised for even greater expansion.
LI.FI’s already robust aggregation stack receives a significant boost with SwapKit’s integration, bringing the total to 35 DEXs, DEX aggregators, solvers, and 16 bridges across 24 chains. This comprehensive suite empowers builders and users alike with a powerful toolkit for navigating the complexities of the cross-chain landscape. Builders looking to integrate native asset cross-chain swaps can find all the necessary tools from SwapKit.
“Integrating a new ecosystem is always a big lift. Thanks to the support from the SwapKit team, we were able to integrate them into our existing API, providing our partners with the same experience they have on the EVM integration.” said Max Klenk, CTO & Co-Founder at LI.FI.
“SwapKit has significantly improved our cross-chain swap capabilities, giving us access to native asset transfers through THORChain.”
Built on the Cosmos SDK, THORChain is a decentralized cross-chain liquidity protocol that leverages the Tendermint consensus engine, Cosmos-SDK state machine, and GG20 Threshold Signature Scheme (TSS) to operate as an independent Layer 1 DEX. Unlike traditional DEXs, THORChain facilitates non-custodial native asset swaps across multiple chains without requiring wrapped or pegged tokens. This ensures transparent and fair pricing without relying on centralized entities. The decentralized protocol leverages continuous liquidity pools for maximized efficiency, managing funds directly in on-chain vaults secured by economic incentives.
By simplifying THORChain integration and offering a feature-rich suite of functionalities, SwapKit is rapidly establishing itself as the go-to solution for developers seeking to empower their products with seamless cross-chain capabilities. With its user-friendly API, SDK, and commitment to innovation, SwapKit is poised to play a significant role in shaping the future of the multichain future.
About SwapKit
SwapKit.dev provides a composable, user-friendly API + SDK that simplifies THORChain integration, allowing any dApp to achieve multi-chain functionality in under 100 lines of code. With streamlined affiliate fees, optimized quotes & gas pricing, robust wallet connectivity, and DEX aggregation capabilities, SwapKit facilitates seamless swaps among over 5,500 crypto assets across 14 blockchains in a single transaction. Trusted by leading protocols like THORSwap, KeepKey, and Onekey, SwapKit abstracts the complexities of integrating THORChain services, offering a battle-tested infrastructure that ensures cost-effective, enterprise-level performance.
Source: SwapKit
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