Thorus, a leading name in the DeFi domain, is now extending its capabilities to become the first automated market maker (AMM) decentralized exchange on the Moonbeam. This development is expected to expand the number of innovative products.
Thorus has partnered with Multichain to help the former move its tokens between the networks of Avalanche and Moonbeam. Multichain will offer Thorus a bridge with low fees for THO and STATIK tokens as part of this key agreement, allowing Thorus token holders to migrate quickly from Avalanche to Moonbeam and vice versa!
Despite the fact that cross-chain expansion was envisaged later in the roadmap, Thorus will attempt to become the first All-in-One DEX on Moonbeam, utilizing essential features such as POL (Protocol Owned Liquidity) through Bonds, Launchpad, and the lowest fees to build liquidity and treasury to the best degree possible.
The emissions related to the tokens can also be allowed to rotate between these two networks, thereby offering the opportunity for Thorus to expand its base on the Moonbeam network at the lowest possible cost implications for users. Despite the fact that cross-chain expansion was envisaged later in the roadmap, Thorus will attempt to become the first All-in-One DEX on Moonbeam, utilizing essential features such as POL (Protocol Owned Liquidity) through Bonds, Launchpad, and the lowest fees to build liquidity and treasury to the best degree possible.
It is also important to note that Thorus has planned to go for the multichain capabilities at a later point in time. Still, given the competitive scenario in the DeFi domain, the organization has decided to pull up its socks and catalyze the innovation to achieve desired business outcomes on users’ profitability and expansion of its network.
This capability will also help Thorus fully realize its treasury capabilities and offer new products such as MULTI-STATIK farm and MULTI Bonds. The company has already got some of the distinctive features available in the industry, such as protocol-owned liquidity (POL) supplied through various launch pads and bonds cost-effectively.
Source: https://www.cryptonewsz.com/thorus-aims-to-become-the-first-dex-on-the-moonbeam-network/