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About

FireProtocol and Polkadot share the similar features such as high scalability, high interoperability, high throughput. Based on ssubstrate, FireProtocol supports hundreds of mainstream crypto assets from leading Blockchains via our cross-chain hub, enabling cross-chain bridging between different ecosystems. Fire Protocol combines trading, lending and borrowing into one integrated platform, enhancing liquidity and improving liquidation process. Liquidity providers's shares on DEXes are accepted as collateral. Unlock unused LP tokens and improve capital efficiency. As an infrastructure for all leading DeFi protocols and DeFi users, FireProtocol provides the best-in-class trading services and cross-chain solutions. Liquidity providers’ LP shares on DEXes can also be used as collateral on Fire Protocol, unlocking unused LP tokens and improve capital efficiency.

About

THORChain is a decentralized cross-chain liquidity protocol based on Tendermint & Cosmos-SDK and utilizing Threshold Signature Schemes (TSS). It does not peg or wrap assets, it simply determines how to move them in response to user-actions. THORChain observes incoming user deposits to vaults, executes business logic (swap, add/remove liquidity), and processes outbound transactions. THORChain is primarily a leaderless vault manager, ensuring that every stage of the process is byzantine-fault-tolerant. THORChain's primary objective is to be resistant to centralization and capture whilst facilitating cross-chain liquidity. THORChain only secures the assets in its vaults, and has economic guarantees that those assets are safe.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Next-generation DeFi protocol for anyone wanting to migrate to Polkadot

Audience

Anyone seeking for a Blockchain solution

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • Hands down the easiest way to make swaps between tokens/cryptos from one chain to another. Plus you can place your crypto into savers vaults and earn yield that is generated by swap fees onchain. It is decentralized and thorwallet is noncustodial. Meaning you maintain control of you private keys. There are automated market makers on the way this year as well as zero intrest loans with no payback period. If you purchase and stake thorwallet's utility token TGT you can reduce your fees and earn staking rewards. All of this can be done with thorchain from within thorwallet or from a browser. There are other compatible wallets as well. By purchasing Thorchain's native token RUNE you can benifit from it's price appreciation as the liquidity pools and savers vaults fill up. As the dollar amounts increase in these pools the node operators are required to increase the amount of RUNE they hold. So the price of RUNE increases as the value of savers vaults increases. Thorwallet requires no KYC also. Nor does THORChain.

Cons

  • THORChain is almost perfect. Thorwallet is a bit slow to load data but the devs are apparently working on an update to make it more responsive.

Training

Documentation Not Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Company Information

Fire Protocol
fireprotocol.io

Company Information

THORChain
Founded: 2018
Switzerland
thorchain.org

Alternatives

Alternatives

Injective

Injective

Injective Labs
Dfyn

Dfyn

Dfyn Network

Categories

Categories

Blockchain Supported

Integrations

Binance Not Supported
Defispot Not Supported
Ethereum Supported
Li.Finance Not Supported
Liquality Not Supported
MetaMask Supported
Polkadot Supported
Polygon Supported
Rango Exchange Not Supported
SKIP Exchange Not Supported
ShapeShift Not Supported
SushiSwap Not Supported
THORSwap Not Supported
THORWallet Not Supported
Thorstarter Not Supported
Token Terminal Not Supported
Uniswap Not Supported
Viewblock Not Supported
XDEFI Wallet Not Supported

Integrations

Binance Supported
Defispot Supported
Ethereum Not Supported
Li.Finance Supported
Liquality Supported
MetaMask Not Supported
Polkadot Not Supported
Polygon Not Supported
Rango Exchange Supported
SKIP Exchange Supported
ShapeShift Supported
SushiSwap Supported
THORSwap Supported
THORWallet Supported
Thorstarter Supported
Token Terminal Supported
Uniswap Supported
Viewblock Supported
XDEFI Wallet Supported
Claim Fire Protocol and update features and information
Claim Fire Protocol and update features and information
Claim THORChain and update features and information
Claim THORChain and update features and information