Ledger Joins Forces with THORChain for Secure Execution of Non-Custodial Swaps

Ledger, a well-known crypto hardware wallet provider, has commenced a new collaboration. As per Ledger, the platform has partnered with a popular decentralized exchange THORChain to facilitate non-custodial decentralized swaps. The platform took to social media to announce this mutual endeavor.

Great news – @THORChain via @swapkitpowered is now 100% rolled out on Ledger Live Desktop! 🚀

This means that Ledger Live users can now swap assets across multiple blockchains using @THORChain via @swapkitpowered, directly from within the security of your Ledger device.

Get… pic.twitter.com/nswazrGDRA

— Ledger (@Ledger) October 31, 2024

Ledger Partners with THORChain to Offer Protected Non-Custodial Swaps with Top Crypto Assets

Along with its announcement on X, Ledger also published a blog post on its official web portal to provide details. It mentioned that its integration with THORChain enables swaps on $WBTC, $DAI, $USDC, $USDT, $ETH, and $BTC. THORChain also permits consumers to enjoy low slippage while trading across chains without MEV or frontrunning. This could reportedly facilitate consumers executing big transfers, especially with $BTC.

As a part of this collaboration, support for additional ERC-20 coins will also be provided in the future. This takes place through Ledger Live Desktop, without requiring leaving the application, creating an exclusive account, or undergoing KYC. As the Ledger Exchange app secures transfers end to end, users can always execute high-value $BTC swaps with Ledger. Ledger revealed that it leveraged SwapKit.dev to complete the integration. SwapKit.dev serves as a software development kit apart from an API. It abstracts the complications of services at THORChain with an efficient infrastructure, guaranteeing enterprise-level performance.

The Partnership Enables Secure, Decentralized, and High-Volume Crypto Swaps

According to Ledger, those who already utilize ledger Live Desktop can conveniently access THORChain. They just need to start a swap. Hence, they can select THORChain from the swap providers. As a result of the integration between Ledger and THORChain, Ledger Live consumers can get an exclusive option. It deals with secure, decentralized, and high-volume crypto swaps. Irrespective of the swap provider chosen by the users, they can leverage competitive pricing along with an unparalleled experience.

Source