BEPSwap- Paths to future adoption

As THORChain unveils more launch partners each week, let’s talk about future plans in regards to BEPSwap adoption.

BEPSwap is designed from ground up in a way that easy integration into existing interface structures is possible.
This opens up countless opportunities for creative partnerships that provide benefits to both parties.

Here are just some ideas on how THORChain team plans to grow the BEPSwap user-base.

Launch partners

All of THORChain’s launch partners have been carefully chosen on a number of points and have proven themselves as innovators and quality projects in the space numerous times, as well as being committed in building the Binance Chain ecosystem.

However, to kickstart the very first BEPSwap pools, one of the more important aspects that all of THORChain’s launch partners needed to have is sufficient existing user base and liquidity so that the featured pools can be deep and healthy.

At the moment, THORChain is pleased to announce that more than $200m in project’s values have committed to the BEPSwap launch.

This means that even if we take an extremely modest number of only 5% of these project’s assets being staked on BEPSwap, it still equals to $10m staked in deep liquidity pools. Since the pools always need to be balanced, this means that RUNE equivalent also needs to be $10m for a total of $20m value locked in BEPSwap pools at launch.

This doesn’t even take into account all the other BEP2 assets that will be available for staking and swapping.

Furthermore, as THORChain team has proven with the launch of the RUNEvault staking platform, the number of users that are willing to stake should be much higher than 5%, especially if you consider that all of our partner’s communities are very engaged and eager to earn interest on their existing tokens.

Wallet integration

Mobile and online wallets have come a long way since their inception and now have the technical capabilities that rival the best hardware wallets in terms of speed, usability and security.

The most popular wallets already have extremely high user-bases that are exposed to every function that these wallets have on a daily basis.

Integrating BEPSwap into these wallets offers a great functionality at almost no cost whatsoever for the wallet’s dev team.

Having BEPSwap in just one of these popular wallets not only spreads the awareness of the BEPSwap platform, but also enables countless users to transform their non-earning treasury into assets that work for them and earn them interest from swapping fees.

The ramifications of this are huge since most “holders” would be thrilled to know that they are able to stake and earn interest on their holdings with no effort whatsoever.

This would in turn bring massive adoption and liquidity to the BEPswap platform.

Exchange integration

Integrating the BEPSwap interface on one of the top tier exchanges could be a groundbreaking innovation that hasn’t been done before.

In an instant and without any effort on the exchange part, the exchange users would have access to stake and trade all available BEP2 assets.

The exchange wouldn’t need to make any pairs nor would they have to be involved with regulating any traffic as all the swaps would be taking place on Binance Chain through BEPSwap.

This opens up unimaginable opportunities for BEPSwap adoption and liquidity increase, as the exchange would also be incentivised to offer up their own liquidity to earn fees.

What this means for THORChain and RUNE

Enabling all of these integrations to work will take a considerable effort and brainstorming from THORChain’s dev team, but the payoff will be more than worth it.

These partnerships will pave the way for a strong mainnet launch and the technical difficulties tackled along the way will help us learn much more in terms of future integrations.

In terms of RUNE, it has already been mentioned that every pool needs to be balanced with an equal value of RUNE on the other side.
With the current price and market value of RUNE, the only possible way for that to happen is for RUNE price to go up accordingly as each pool gets added.

If just some of these possible integrations are made possible, it would provide deep liquidity for RUNE trading and swapping, and in turn make the whole THORChain ecosystem that much stronger.