Developer Spotlight — LaserSwap

Welcome to our Developer Spotlight series, where we shine a light on the individuals or teams behind the most innovative and exciting projects on the ThunderCore ecosystem. Today, we’re thrilled to introduce LaserSwap, a cutting-edge decentralized exchange built on the ThunderCore blockchain. Led by a talented group of developers, LaserSwap is pushing the boundaries of DeFi by offering lightning-fast, gas-efficient swaps with low slippage and high liquidity.

In this article, we’ll dive into the technology behind LaserSwap, explore its unique features, and learn more about the team behind this game-changing project.

• Can you tell us a bit about your background and how you got into developing on the ThunderCore ecosystem?

I’m a Software Developer with extensive experiences in frontend, backend, and smart contracts development. I chose ThunderCore because it is a fast chain that is fully EVM compatible, and the market has since proven that ThunderCore’s approach was correct, although slower than some of the newer chains.

• What was your motivation behind creating LaserSwap, and how did the idea come about?

I believe that ThunderCore’s progress in DeFi has been slower than many other newer chains due to a lack of essential core DeFi elements and infra. I believe that we need a faster and more advanced swap/DEX in order to let the DeFi ecosystem grow faster on ThunderCore.

• Why did you choose to build LaserSwap on ThunderCore?

Swap has always been a core element of DeFi on public chains, and we can see that ThunderCore has developed TTSwap. However, TTSwap’s problems are evident; Firstly, all trading pairs must be paired with TT, and secondly, those who provided liquidity early on did not have enough incentives. This means that the chain needs more freedom, lower transaction fees, and farming functions.

• What are the key features of LaserSwap that sets it apart from other DeFi swaps in the market?

1. Freedom of trading pairs: You can create any trading pair you want and add liquidity, instead of being limited to only trading pairs with TT. For example, OOL/USDT liquidity can only be added on our platform.
2. Liquidity incentives: Similarly, liquidity providers for TT trading pairs will receive farming rewards only on our platform.

• How do you plan to ensure the security of user funds on the LaserSwap platform?

Our trading pairs are not controlled by any admin, so as long as the tokens are safe, providing liquidity on our platform is relatively safe.

• How do you plan to continue improving and building more features on LaserSwap in the future?

In the short term, we will adjust liquidity farming ratios to incentivize users to get to know the entire ecosystem. In the long run, we will design laser applications to make it a useful utility token.

• What do you think of the current state of the ThunderCore ecosystem and how it’s growing?

ThunderCore has many great projects, but unfortunately, they all seem to work independently rather than helping each other. I believe that if a swap becomes the primary role in helping each other, it can drive more value and attract more projects to grow together.

• Do you have any plans to incentivize and foster the TVL growth on LaserSwap? If so, can you provide any details on the rewards or programs that users can expect?

We can already see that our liquidity farming has brought more TVL growth. Overall growth has reached 36%, with the TT/BNB pair growing over 130%.

• What can users do with the $LASER token? Are there any unique features or benefits associated with holding the token?

Currently, we can mine more Laser, but in the future, Laser holders may have more decision-making power.

• Will LaserSwap be hosting more token IFO in the future? If so, can you provide any details or hints about upcoming projects?

We are willing to become such a platform and are currently open for any projects that are interested in our IFO’s.

About LaserSwap

LaserSwap is a decentralized cryptocurrency exchange that allows users to trade cryptocurrencies without relying on a centralized entity to facilitate transactions. It is based on the ThunderCore blockchain and operates using smart contracts.

LaserSwap uses an automated market maker (AMM) model to facilitate trades, which means that instead of relying on traditional order books and buyers/sellers, it uses liquidity pools to determine the price of assets. Users can add funds to these pools and earn a portion of the trading fees generated by the platform in return.

LaserSwap has gained popularity in the decentralized finance (DeFi) space due to its user-friendly interface, low fees, and the ability for anyone to participate in liquidity provision. It has also become a popular platform for new cryptocurrency projects to launch their tokens and gain liquidity.

About ThunderCore

ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi, and the metaverse with limitless scope.

The growing ThunderCore ecosystem is powered by its popular native asset, TT, which can be stored in the feature-rich TT Wallet, together with other supported project assets.

ThunderCore’s breakthrough consensus protocol “PaLa” overcomes the scalability “trilemma,” helping the ThunderCore network generate up to 4,000 transactions per second (TPS) with sub-second confirmation times and ultra-low gas fees at a fraction of a cent.

Created in 2017 by Silicon Valley tech entrepreneur Chris Wang to help solve Ethereum’s scalability issues, ThunderCore has an international user base that spans over 100 countries. It measured over 500,000 monthly active users in December 2021, making it one of the most actively used chains in the world, according to DappRadar.

Institutional investors in ThunderCore include MetaStable, Hashed, Electric Capital, Huobi Capital, Pantera, Zhen Fund, Kenetic Capital, Arrington XRP, Capitaland, and Draper Dragon, among others.

Website | Twitter | Telegram | Medium | Discord | Newsletter