SwapKit, a leading provider of cross-chain infrastructure, is driving the growth of today’s DeFi ecosystem through its exciting new partnership with LI.FI, a well-known bridge and DEX aggregation protocol. This innovative integration allows users of LI.FI partners like Jumper to enhance their access to native asset swaps across different blockchains through THORChain.
With the integration of THORChain via SwapKit SDK+API, dApps can now facilitate smooth cross-chain swaps of native assets between Ethereum, BSC, and Avalanche on LI.FI. This exciting development opens up new possibilities for users to exchange their assets seamlessly. LI.FI’s bridge support for native assets is set to experience significant growth with the anticipated arrival of native Bitcoin swaps in Q3.
The integration of SwapKit provides a significant boost to LI.FI’s already robust aggregation stack, expanding the total number of DEXs, DEX aggregators, solvers, and bridges across various chains to 35 and 16 respectively. This all-inclusive suite provides developers and users with a robust set of tools to navigate the intricacies of the cross-chain ecosystem. SwapKit provides all the essential tools for builders seeking to integrate native asset cross-chain swaps.
“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.”
THORChain is a decentralized cross-chain liquidity protocol that operates as an independent Layer 1 DEX. It is built on the Cosmos SDK and leverages the Tendermint consensus engine, Cosmos-SDK state machine, and GG20 Threshold Signature Scheme (TSS). THORChain stands out from traditional DEXs by enabling non-custodial native asset swaps across multiple chains, eliminating the need for wrapped or pegged tokens. This guarantees a pricing system that is transparent and fair, without the need for centralized entities. The decentralized protocol utilizes continuous liquidity pools to optimize efficiency, handling funds directly in on-chain vaults protected by economic incentives.
With its streamlined THORChain integration and comprehensive range of features, SwapKit is quickly becoming the preferred choice for developers looking to enhance their products with effortless cross-chain capabilities. SwapKit has positioned itself as a key player in shaping the future of the multichain landscape, thanks to its user-friendly API, SDK, and dedication to innovation.
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