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THORWallet DEX Setting A New Precedence For DeFi Management

DeFi is still in a state of development, which offers innovators the chance to make their mark on the industry and direct how it should continue to grow.Premium
DeFi is still in a state of development, which offers innovators the chance to make their mark on the industry and direct how it should continue to grow.

The future of DeFi is indeed looking quite promising, but only if companies like THORWallet DEX continue to innovate and take advantage of the ever-changing landscape of decentralized crypto and continue pushing the envelope of the young and malleable industry

The birth of cryptocurrency gave rise to decentralized finance (DeFi) and set a new industry standard that THORWallet DEX is eager to expand on. The team aims to become the first choice as a wallet solution by providing convenience, security, and accessibility for DeFi based financial services from an all-inclusive mobile application. 
 

DeFi is still in a state of development, which offers innovators the chance to make their mark on the industry and direct how it should continue to grow. At the rate that the DeFi industry is expanding and the features that THORWallet DEX offers, the non-custodial crypto wallet has the potential to reach a global scale, which lines up with their overall intention: to bring forth a comprehensive service that offers ease of accessibility such as effortless multi-chain native token swapping, synthetic asset trading, as well as investing-based features that allows users to earn through providing liquidity or by investing in multi-chain savings accounts. 

THORWallet DEX setting the benchmark for future DeFi products

The team is building towards a new precedence for the quality and functionality of DeFi products. With so many different crypto currencies popping up left and right, alongside the formation of NFTs, managing all these wallets and keys can be a nightmare and swapping native coins while maintaining decentralization should be an industry standard. 

“Decentralized finance presents us with the opportunity to be in full control of our funds which is what we want to facilitate while ensuring that user costs are maintained within a reasonable range and cutting out the middle-man entirely. We wanted to create an ecosystem that is functional and provides financial inclusivity, all in one place," says a THORWallet DEX representative.

The team has raised a whopping $3.4 million to fund the growth of THORWallet DEX, a project based on the THORchain blockchain which came into existence during the 2018 Binance hackathon and is also the ecosystem on which THORWallet DEX is built. It is a testament of how much potential THORWallet DEX has that their IDO which took place on the 15th of November, 2021, was sold out in under two minutes. The success of their fundraising also raises confidence in investors that THORWallet DEX will be able to deliver on what they have promised on and more, especially with 40 other innovations currently being built within THORchain’s layer 1 protocol. 

Aside from their successes funding THORWallet DEX, the team behind the non-custodial wallet all boast a vibrant background in fintech, with ample experience and expertise in developing blockchain products, all of which is reflected in the seamless and effective design in their product, on top of which offers attractive features such as the highest APY rates and are currently working towards a decentralized lending platform from within the app itself, giving users yet another outlet for generating another stream of income.

The future of DeFi is indeed looking quite promising, but only if companies like THORWallet DEX continue to innovate and take advantage of the ever-changing landscape of decentralized crypto and continue pushing the envelope of the young and malleable industry. 

Disclaimer: This is a company release. No HT journalist is involved in creation of this content.

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