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Thorn Protocol to Build Stableswap Protocol on Oasis Sapphire

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

The Oasis Protocol announced via X on Monday that Thorn Protocol will build a native Stableswap Protocol on Sapphire.

The Oasis Protocol announced via X on Monday that Thorn Protocol will build a native Stableswap Protocol on Sapphire. This will help foster concentrated liquidity within the ecosystem, significantly reducing slippage of stablecoin assets and enhancing composability across ecosystem dApps.

Scheduled for a late Q2 launch, the protocol includes launching the stable swap protocol on both Sapphire testnet and mainnet, coupled with the development and integration of an Abstraction Wallet (called AI Wallet) for smart trading strategies, the team added. 

Oasis Network is a decentralized blockchain network built by Oasis Labs that enables secure and private data-sharing and control. ROSE, the native token of the Oasis Network, is up by 7% in the last 24 hours and currently trades at $0.09618.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.