{"id":173530,"date":"2024-10-22T10:59:48","date_gmt":"2024-10-22T10:59:48","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173530"},"modified":"2024-10-22T10:59:55","modified_gmt":"2024-10-22T10:59:55","slug":"ledger-brings-native-btc-eth-swaps-to-its-users-through-thorchain-integration","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ledger-brings-native-btc-eth-swaps-to-its-users-through-thorchain-integration\/","title":{"rendered":"Ledger Brings Native BTC-ETH Swaps to Its Users Through THORChain Integration"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Ledger Integrates THORChain<\/span><\/strong><span data-preserver-spaces=\"true\">: Ledger has integrated THORChain into its Ledger Live app, enabling users to perform native swaps between Bitcoin and Ethereum directly within the app, enhancing security and user experience.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Seamless Cross-Chain Swaps<\/span><\/strong><span data-preserver-spaces=\"true\">: This integration allows for seamless cross-chain swaps without relying on wrapped tokens or centralized exchanges.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Broader DeFi Implications<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The integration is a significant development for the DeFi ecosystem, highlighting the trend of hardware wallet providers incorporating DeFi functionalities.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Ledger has integrated <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/defillama.com\/chain\/Thorchain\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">THORChain<\/span><\/a><span data-preserver-spaces=\"true\"> into its Ledger Live app, enabling users to perform native swaps between <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bitcoin<\/span><\/a><span data-preserver-spaces=\"true\"> and Ethereum<\/span><\/strong><span data-preserver-spaces=\"true\">. This integration marks a significant milestone for Ledger, a leading hardware wallet manufacturer, as it ventures into DeFi to enhance user experience and security.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Starting today, <a href=\"https:\/\/twitter.com\/THORChain?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@THORChain<\/a> is rolling out on Ledger Live!\ud83d\ude80<\/p>\n<p>With <a href=\"https:\/\/twitter.com\/THORChain?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@THORChain<\/a>, you can swap native assets directly from within the security of your Ledger device\u2014like swapping BTC for ETH\u2014without relying on wrapped tokens giving up custody of your assets.<\/p>\n<p>Enjoy cross-chain swaps\u2026 <a href=\"https:\/\/t.co\/4GxRKWtxBf\" target=\"_blank\">pic.twitter.com\/4GxRKWtxBf<\/a><\/p>\n<p>&mdash; Ledger (@Ledger) <a href=\"https:\/\/twitter.com\/Ledger\/status\/1848407477458722894?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 21, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Seamless Cross-Chain Swaps<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The integration allows Ledger users to swap BTC and ETH directly within the Ledger Live app<\/span><\/strong><span data-preserver-spaces=\"true\"> without relying on wrapped tokens or centralized exchanges. This feature leverages THORChain\u2019s decentralized liquidity protocol, facilitating cross-chain swaps by providing liquidity across different blockchain ecosystems. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Users can now enjoy the benefits of decentralized custody<\/span><\/strong><span data-preserver-spaces=\"true\"> while engaging in seamless cross-chain transactions. By incorporating THORChain, Ledger aims to offer a more secure and user-friendly experience. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Ledger Live app,<\/span><\/strong><span data-preserver-spaces=\"true\"> known for its robust security features, <\/span><strong><span data-preserver-spaces=\"true\">now provides an additional convenience layer<\/span><\/strong><span data-preserver-spaces=\"true\"> by allowing users to manage their crypto assets and perform swaps within a single platform. <\/span><strong><span data-preserver-spaces=\"true\">This eliminates the need for multiple exchanges<\/span><\/strong><span data-preserver-spaces=\"true\"> and reduces the risk associated with transferring assets between different platforms.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-173532\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/LedgerTHORChain.jpg\" alt=\"Ledger Brings Native BTC-ETH Swaps to Its Users Through THORChain Integration\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/LedgerTHORChain.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/LedgerTHORChain-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/LedgerTHORChain-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Broader Implications for DeFi<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This integration is not just a win for Ledger users but also a significant development for the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">DeFi<\/span><\/a><span data-preserver-spaces=\"true\"> ecosystem. <\/span><strong><span data-preserver-spaces=\"true\">THORChain\u2019s ability to facilitate native swaps<\/span><\/strong><span data-preserver-spaces=\"true\"> without synthetic tokens or third-party intermediaries <\/span><strong><span data-preserver-spaces=\"true\">underscores the potential for more secure and efficient DeFi solutions<\/span><\/strong><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">It also highlights the growing trend of hardware wallet providers incorporating DeFi functionalities to meet the evolving needs of crypto enthusiasts.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Community Response and Ledger&#8217;s Future Prospects<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The crypto community has largely welcomed this integration<\/span><\/strong><span data-preserver-spaces=\"true\">, viewing it as a step <\/span><span data-preserver-spaces=\"true\">forward in<\/span><span data-preserver-spaces=\"true\"> making DeFi more accessible and secure. However, some users have raised concerns about potential risks, such as hacks or bugs, and the fees associated with using THORChain\u2019s services. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Despite these concerns, the overall sentiment remains positive, with many anticipating further innovations from Ledger and THORChain. <\/span><strong><span data-preserver-spaces=\"true\">Ledger\u2019s integration of THORChain into its Ledger Live app<\/span><\/strong><span data-preserver-spaces=\"true\"> represents a significant <\/span><strong><span data-preserver-spaces=\"true\">improvement in the decentralized finance sector<\/span><\/strong><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">By enabling native BTC-ETH swaps, Ledger is not only enhancing its user experience but also contributing to the broader adoption and evolution of DeFi technologies. As the crypto landscape evolves, such integrations will likely become more commonplace, paving the way for a more interconnected and secure financial ecosystem.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ledger Integrates THORChain: Ledger has integrated THORChain into its Ledger Live app, enabling users to perform native swaps between Bitcoin and Ethereum directly within the app, enhancing security and user experience. Seamless Cross-Chain Swaps: This integration allows for seamless cross-chain swaps without relying on wrapped tokens or centralized exchanges. Broader DeFi Implications: The integration &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ledger Brings Native BTC-ETH Swaps to Its Users Through THORChain Integration\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ledger-brings-native-btc-eth-swaps-to-its-users-through-thorchain-integration\/#more-173530\" aria-label=\"More on Ledger Brings Native BTC-ETH Swaps to Its Users Through THORChain Integration\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":173533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4910,5287,4677,4746,9862],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173530"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173530"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173530\/revisions"}],"predecessor-version":[{"id":173535,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173530\/revisions\/173535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173533"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}