Unizen, a Web3 ecosystem, has partnered with THORChain to enable swapping between Bitcoin and other cryptocurrencies. THORChain has been integrated into the Unizen Trade platform to provide decentralized liquidity for tradable assets. The ease of use and security of self-custody of THORChain has made it a popular choice for powering trades by Unizen. Gavin McDermott, CEO of Nine Realms, said, “The goal is to bring the centralized exchange trading experience to users while maintaining the security of self custody”. Unizen aims to provide a non-custodial, unified user experience for interacting with various Web3 applications and assets.
THORChain is a cross-chain liquidity protocol that enables the exchange of native digital assets on multiple blockchains, such as Bitcoin, Ethereum and Litecoin, without the use of wrapped assets or external dependencies. It is permissionless and allows anyone to become a validator or make a swap, with dozens of wallets, exchanges, and DEX aggregators making use of THORChain’s liquidity for in-kind yield and cross-chain swaps. This growing trend from centralized swap services towards DeFi protocols is to make cross-chain trading secure and low-cost.
This integration of THORChain will allow Unizen, which behaves as a DEX aggregator, to expand its cross-chain routes with native Bitcoin and various other cryptocurrencies. THORChain’s technology has proved resilient against fluctuations in market conditions, providing decentralized liquidity and enabling asset swaps on non-programmable chains. However, this article contains a press release provided by an external source and may not accurately represent the views or opinions of BeInCrypto.