Hello!

After all these years of development, some of the Thorchads were speculating that the long awaited Ledger integration for swaps was here... and now it finally is!!

Some days ago appeared a new affiliate that was making some swap tests. This new affiliate was called “LL”. Some were pointing that “LL” meant Ledger Live, and today they confirmed it. So, finally they are using Thorchain for the swaps!

Here the photo:

Why is this bullish for Thorchain?

Both, LP providers and Rune hodlers could benefit from this integration. If Ledger users start making swaps from the wallet, some of the fees will go to LP providers, that will increase the volume of the protocol. If the protocol volume increases, then the LP providers yield will go up, this will attract more liquidity providers to join, more liquidity will come that will increase the price of Rune.

As you know if you want to provide liquidity you need 50% of the position value as Rune, so you should buy it from the market.

In addition to this, the protocol will burn some Rune too. And of course, the best of this is that Ledger will start literally printing money! They will charge fees for every swap and with their number of users, things can be wild!

We’ve already seen Trust wallet and OKX integration win millions of dollars in fees.
The long-awaited integration has arrived!
Let’s go!

I hope you have a great day.

Posted Using InLeo Alpha