{"id":396224,"date":"2022-01-19T20:15:00","date_gmt":"2022-01-19T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/thorchain-brings-defi-yields-and-swaps-to-doge\/"},"modified":"2022-01-19T20:15:00","modified_gmt":"2022-01-19T17:15:00","slug":"thorchain-brings-defi-yields-and-swaps-to-doge","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/thorchain-brings-defi-yields-and-swaps-to-doge\/","title":{"rendered":"# THORChain brings DeFi yields and swaps to DOGE"},"content":{"rendered":"<p>&#8220;<strong># THORChain brings DeFi yields and swaps to DOGE  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNmM3OTI4NzQtNDA1OS00ZjczLWI3ZjUtYWM1ZmQ4ZWQyMjgxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) \u2014 bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin.<\/p>\n<p>Beginning this week, users have the ability to swap DOGE or earn yield on their DOGE holdings using THORSwap, a non-custodial decentralized exchange. In practice, this means users can swap DOGE for native assets such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC) and stablecoins such as Tether (USDT), USD Coin (USDC) and Binance USD (BUSD). All swaps between THORChain assets, including DOGE, can be completed in one step without the need to bridge, wrap or peg assets. <\/p>\n<p>A THORChain developer informed Cointelegraph that a liquidity pool has been established for DOGE. The pool gives DOGE liquidity providers the ability to earn yields on their deposits from trading fees. Like other liquidity providers on THORChain, depositors have impermanent loss protection based on the length of time of each deposit. <\/p>\n<p>Chad Barraford, THORChain\u2019s technical lead, said the integration gives DOGE \u201ca new level of self-sovereignty\u201d by allowing users to enter and exit the market free of Know Your Customer (KYC) regulations. Barraford said Dogecoin\u2019s new DeFi capacity \u201cchanges the fundamentals of the asset both as a store of value and as a medium of exchange.\u201d<\/p>\n<p>At its peak in November 2021, THORChain amassed over $400 million in total value locked, or TVL, which reflected massive early interest in cross-chain sw<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing solutions. Just one month earlier, THORSwap concluded a $3.75 million private token sale that was supported by IDEO CoLab Ventures, Sanctor Capital, Nine Realms, 0xVentures and others. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tesla merch buyable with Dogecoin<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1481873421390680065?ref_src=twsrc%5Etfw\">January 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong><em>Related: <\/em><\/strong><strong><em>Vitalik Buterin gives thumbs down to cross-chain applications<\/em><\/strong><\/p>\n<p>DOGE rose to prominence in early 2021 after major influencers \u2014 notably, Elon Musk \u2014 talked up the merits of the memecoin on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>. In the process, DOGE became an accepted form of payment for Dallas Mavericks tickets and, more recently, Tesla merchandise. It currently ranks 11th by total market capitalization with a value of $21.8 billion, according to CoinMarketCap.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/thorchain-brings-defi-yields-and-swaps-to-doge\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# THORChain brings DeFi yields and swaps to DOGE &#8221; Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) \u2014 bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin. Beginning this week, users have the ability to swap DOGE or earn yield on their DOGE holdings using THORSwap, a non-custodial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":396225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNmM3OTI4NzQtNDA1OS00ZjczLWI3ZjUtYWM1ZmQ4ZWQyMjgxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74877,74868,75916,86883],"class_list":["post-396224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-decentralized-exchange","tag-defi","tag-dex","tag-dogecoin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=396224"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/396225"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=396224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=396224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=396224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}