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Thorus

Thorus expands to Evmos Network!

In accordance with our cross-chain strategy and thanks to an economic model that allows us to act quickly when a promising new blockchain comes out, we are pleased to announce that Thorus expands to the EVMOS network!

This integration will allow the Evmos network users to trade their favorite tokens with our very low swap fees (0.1%), and discover other features of the Thorus ecosystem, such as our Farms, innovative Treasury, Bonds, LotTHO Launchpad or LotTHO Lottery!

⭐️ Reminder: 25% of THO emissions are allocated to a Reserve Fund that acts as a kind of bank for THO, and allows the protocol to expand cross-chain easily and efficiently.

This allocation is what provides the initial attractive APRs on new chains without inflating the supply!

As with other networks, it will be possible to bridge THO or STATIK from a chain (Avalanche, Moonbeam…) to Evmos, and vice-versa, thanks to our partner Multichain.

More info about our partnership with Multichain in the article below:

When Evmos sir?

Evmos network has barely launched, and we’re waiting for it to work properly before Thorus-Evmos goes live.

If everything goes well on Evmos side, our launch is planned for the end of the week. We will announce it on Twitter (click here to follow us and stay up to date!).

What are Evmos Network, Cosmos and IBC?

Few words about Cosmos

Cosmos logo

The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way.

This vision is achieved through a set of open source tools like Tendermint, the Cosmos SDK and IBC (Inter-Blockchain Communication protocol) designed to let people build custom, secure, scalable and interoperable blockchain applications quickly.

Cosmos is not a product but rather an ecosystem built on a set of modular, adaptable and interchangeable tools. There are currently 262 apps and services in its network, including Binance Chain, Terra, Crypto.org, and Cosmos Hub, with over $150 billion of digital assets under management.

About Evmos

Evmos logo

Evmos is a scalable and interoperable Ethereum, built on Proof-of-Stake with fast-finality.

In other words, it leverages the Cosmos SDK and serves as the first IBC-compatible EVM-based chain, bringing composability, interoperability, and fast finality to Ethereum.

We, at Thorus, believe that Evmos will attract a massive influx of users, that’s why we want to be part of the first DEXes to be present!

In short: Evmos connects EVM chains with all the IBC-compatible protocols. So, by expanding to Evmos, Thorus will have access to the whole IBC ecosystem!

Useful links:

Website: https://evmos.org/
Twitter: https://twitter.com/EvmosOrg
Telegram: https://t.me/EvmosOrg
Discord: https://discord.gg/evmos
Ecosystem: https://evmos.space/

If you want to know more about the great potential of Evmos and what issue(s) it solves, you can read this thread:

Are you eligible to EVMOS airdrop?

If you have been an active user of the Cosmos and/or Ethereum ecosystems before November 25th, 2021, you’re most likely eligible to get some EVMOS tokens as those will be airdropped towards these Cosmos and Ethereum users according to their “Rektdrop” Program.

To learn more about Rektdrop : https://evmos.blog/the-evmos-rektdrop-abbe931ba823

Check your eligibility below!

How to add Evmos network to your wallet

The procedure is similar than for adding any network to your wallet. In this example we’re assuming you have a Metamask wallet.

Automatic way (Chainlist)

  • Go to Chainlist: https://chainlist.org/
  • Connect your wallet and search for “Evmos
  • Click “Add to Metamask” below “Evmos” network (⚠️ not below “Evmos Testnet”)
Adding Evmos network to Metamask via Chainlist

Manual way

Open the MetaMask extension on your browser, you may have to log in to your MetaMask account if you are not already. Then click the top right circle, go to Settings > Networks > Add Network and fill the form as shown below.

  • Network Name: Evmos Mainnet
  • New RPC URL: https://eth.bd.evmos.org:8545
  • Chain ID: 9001
  • Currency Symbol (optional): EVMOS
  • Block Explorer URL (optional): https://evm.evmos.org

THO Emission schedule on the Evmos network

As we already mentioned, 25% of all the Thorus emissions are allocated to our Reserve Fund (learn more about THO allocations here) that allows the protocol to expand cross-chain easily and efficiently.

THO Emission Allocation

Therefore the platform will use the funds of the Reserve to provide the initial attractive APRs on Evmos!

At the time of writing, our Reserve Fund hold 5M THO tokens. We will devote 3M THO of the 5M THO reserve to our Farms (see on which pairs in the next section), but this could reach 4M THO depending for instance on potential new partnerships.

After a while, we will evaluate our results on this chain and define more precisely the next emissions schedules.

If Evmos gets some traction and TVL, making Thorus really important there, we could increase our emission allocations by taking some emissions out of the Avalanche and Moonbeam networks.

If we’re not satisfied enough with our results, we could decrease or even fully stop the emissions if we think it’s not worth spending rewards for the chain. We would then return the remaining rewards back to the Reserve Fund and prepare our actions for the next promising chain!

Anyway, that does not mean that we would definitely abandon this chain. If in 3-4 months Evmos gets a lot of traction, we could always return emissions towards this chain very fast, as we will have the infrastructure Evmos-ready!

The main idea of Thorus is to have everything deployed on several chains (eg: 6, 7, or 8 chains), and rotate emissions towards the best ones depending on where Thorus can capture the most capital and user base!

Initial farming pairs on the Evmos network

Although there will be EVMOS-based pairs (as that is where the volume will be), our goal is to launch mainly USDC-based farms on Evmos to attract more users and volume.

Here are the main reasons:

1- If we launch too many THO-based pairs, there will not be enough trading volume initially for fees to accumulate (which means revenues will be low) and we don’t want to misuse any emissions.

2- We need to attract, on each new network, the early investors who are looking for good projects.

You will find below the initial pairs that will be available on the Evmos network of Thorus:

  • EVMOS-USDC
  • THO-EVMOS
  • THO-USDC
  • EVMOS-ETH
  • EVMOS-ATOM
  • ETH-USDC
  • WBTC-USDC
  • USDT-USDC (stable pair)
  • USDC-DAI (stable pair)

⚠️ Note: these pairs may change until we launch on Evmos.

Bonds on the Evmos network

Bonds play an important role for the platform to acquire and own a lot of liquidity (in exchange of discounted THO tokens). This liquidity goes to the Thorus Treasury to support the backing price of THO. This, in return, also contributes to the stability of STATIK, our stable coin.

However, the current price of THO being too close to its backing price, there is no reason to activate bonds at the moment, as it will waste a lot of THO tokens and could push THO price down as well. But once the price action starts going significantly up, we will consider resuming Bonds again!

We hope that this article helped you to understand how we are going to proceed with this new cross-chain expansion, and we are very excited to share this journey with you!

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About Thorus

Thorus is an all in one cross-chain DeFi Platform with an adaptable treasury system, and a token holder first approach. All protocol functions are designed to reinforce this mentality. Each feature is part of an ecosystem that continually drives value back to the THO token, benefiting holders and stakers above all.

The project also aims to be amongst the first AMM’s with Protocol Owned Liquidity (POL).

Contact us

If you have any questions or thoughts, please join us on our social networks!

Discord | Twitter | Telegram

Useful links

Thorus Swap | Documentation | AVAX Faucet | GLMR Faucet | EVMOS Faucet (coming soon)

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