Spot Wiggum
@SpotWiggum
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Research and investing @sourcapital . Former @Delphi_Digital . I write about tokens I like.
Joined February 2022
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Is $RUNE to $100 a meme? Valuing $RUNE using the 3x TVL Design ⚡️
This post will serve 2 purposes; to explain how the 3x TVL mechanism accrues value to $RUNE and to provide some scenarios for estimating the future token price.
So let’s go 🧵
(Hint: It’s not a meme)
What is
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$RUNE is going to become a DEFLATIONARY asset.
There’s been lots of talk on twitter recently about $RUNE becoming deflationary once THORFi goes live.
But how will this actually happen?
Let’s see:
(Ps. We all know what happened to $LUNA post Col- 5).
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$RUNE has been on an absolute tear recently, up 300% in 3 months. But what’s been behind the pump?
Liquidity deposits.
And
@THORChain
's liquidity is looking v good rn 🧵
Rather than looking at just TVL (which is up 85% this month), I also like to look at the depths of
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🚨 New Chain Alert 🚨
$ATOM is coming to Thorchain!
It will be launched on stagenet next week for testing, then when ready it'll be launched on chaosnet.
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🚨Today is the day that $ATOM is launched on
@THORChain
🚨
Trade $ATOM for native $BTC $ETH stablecoins and more without any wrapping or bridging. Just a simple swap.
Welcome
#Cosmonauts
!
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So
@THORChain
currently has space for 17.82m RUNE worth of collateral for new loans.
At a $RUNE price of $11, this is ~ $200m worth of collateral that can be deposited into TC.
50% of loan collateral is used to market buy and burn $RUNE.
This creates a price agnostic $100m bid
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Cost to borrow stables against $BTC or $ETH:
Aave v3 MakerDAO Thorchain
USDC 24% 9% 0% ⚡️
USDT 17% 14% 0% ⚡️
DAI 29% 16% 0% ⚡️
And
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Dreaming of RUNE hitting $30, $50 or even $100+?
There's a key stat to pay attention to that will make this possible, but it is currently largely overlooked.
$RUNE in the
@THORChain
network.
The percentage of the RUNE circulating supply that is locked up in the network is
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How much longer are we going to trust bridges to transfer value cross-chain?
Recent hacks:
Ronin Bridge - $650m
BSC - $570m
Wormhole - $325m
Nomad - $200m
Harmony Bridge - $100m
@THORChain
is the ONLY place for cross-chain swaps WITHOUT bridging or wrapped assets.
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$93m transaction volume for Thorchain in the past 24 hours. One of the highest volume days EVER.
The network processed over 100k transactions, during times of extreme volatility, without a hitch.
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Look at the correlation between Non-RUNE TVL and $RUNE's price.
The tokenomics design is playing out in real-time.
Non-RUNE TVL ⬆️ RUNE Price ⬆️
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⬇️ Thorchain Lending Design ELI5 ⬇️
You may have seen that
@Thorchain
has just launched loans with:
NO interest rates
NO liquidation
NO expiry
But how is this possible? What are the risks? Will it make $RUNE DEFLATIONARY? ⤵️ (1/25)
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To anyone who is stressing about $RUNE's price right now:
Zoom out.
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Tr(u)stWallet made $1,160,000 in fees in January thanks to their
@THORChain
integration.
That's $14m annual revenue.
14 million reasons why your favourite wallet should integrate Thorchain for cross-chain swaps, if they haven't already started.
Who will be next?
$RUNE
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Once again
@THORChain
is a top 3 DEX by 24 hour trade volume with $109m.
With $185m TVL, it did more volume than Curve ($1.65bn TVL).
TC was 9x more capital efficient than Curve, 3x Pancakeswap and 2x Uniswap.
Streaming swaps have improved capital efficiency immensely.
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Analysis of Thorchain's Streaming Swaps
It has now been 2 months since
@THORChain
launched streaming swaps. Streaming swaps are a feature which allows users to automatically break down large swaps into smaller sub-swaps which take place over a pre-determined time period
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⬇️ THORFi V2 Explained ⬇️
The Thorchain devs recently released an updated model for THORFi, the lending and borrowing element of Thorchain.
I'm going to break it down into simple terms, and highlight some key points.
(Hint: 0% interest, no liquidations & NO algo stable)
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The first
@THORChain
loan repayments have now been made as 30 days (minimum loan duration) have passed since lending was launched.
But did they net burn $RUNE? Let's have a look at the biggest loan to be repaid so far and find out.
Loan Open
On Aug 21, address bc1qh...ry2d
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How to earn sustainable yield on native $BTC with NO other asset exposure.
Introducing savings vaults on
@THORChain
.
Deposit $BTC, earn $BTC yield. As simple as that.
How is this possible? Let's see.
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The fun doesn't even begin until $RUNE breaks the prev ATH of $21.
Once that happens, things will get crazy.
Thorchain is a steroid-pumped flywheel offering a 0 to 1 innovation product. Once this get's going it won't stop.
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So Tr(u)stWallet has earned $400k in fees in just 7 days from in-wallet swaps powered by
@THORChain
They recently introduced a 0.7% affiliate fee on cross-chain swaps which is now already generating $20.8m annualized.
Every other wallet provider take note, it's free money.
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THORChain (L1 Protocol) vs THORSwap (Interface)
For me, the big takeaway from today's Thorchain-related events is that the VAST majority of those outside the ecosystem conflate the interface
@THORSwap
with the core L1 protocol
@THORChain
.
And who can blame them?
$THOR is the
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Will Thorchain's token $RUNE become DEFLATIONARY with the introduction of THORFi?
You can test for yourself and find out! ↓
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The $UST flippening has happened already! The highest stablecoin APY available on
@THORChain
is no longer $BUSD. And $UST only launched just over 2 weeks ago!
$RUNE 🤝 $LUNA
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JUST LOOK AT THIS $RUNE CHART MAN
$10m to HALF A BILLION daily volume on Thorchain in just a few months.
That's a 50x in volume already. Now imagine a full-blown bull market.
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Will drop a thread soon to explain why $RUNE ATH is inevitable
The fun doesn't even begin until $RUNE breaks the prev ATH of $21.
Once that happens, things will get crazy.
Thorchain is a steroid-pumped flywheel offering a 0 to 1 innovation product. Once this get's going it won't stop.
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⚡️NEW ATH FOR $BTC IN
@THORChain
⚡️
A record 1344 corns 🌽are now deposited into
@THORChain
's liquidity pool, and its easy to see why.
-Over 400% APR for LPing BTC/RUNE
-Over 7% APR for solo staking BTC
Thorchain is the BEST place to make your native $BTC productive
🌽
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A new largest swap record for
@THORChain
at $6.3m ⚡
It broke the previous record of $4.2m which happened just hours before.
The craziest thing about this swap is that it's executing in a liquidity pool $5.5m deep.
Can your DEX do that without 99% slippage?
🌊 Streaming swap has started
[ceye]: 162.2 BTC ($6.3M) → ⚡ → ETH.WBTC
4800 swaps every 3 blocks, duration is 1 day + outbound delay
Track Tx:
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Savers Vaults 1 Year Review
@THORChain
officially launched savers 1 year ago.
An innovative product allowing users to stake L1 assets such as $BTC and $ETH (as well as a range of stablecoins) to earn yield with no exposure to other assets.
How have they fared so far? 🧵
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All
@THORChain
loans can now be taken out at 50% LTV.
This user borrowed $26k against a 1 $BTC deposit to do whatever they like with.
They'll pay 0% interest for this service, and won't be liquidated even if BTC goes to $1.
It's hard not to see lending get maxxed out soon⚡️
🏦→ Loan open [m90j]
Collateral deposited: 0.999 BTC ($51,872)
CR: x2.0
Debt: $25,927
Target asset: Rune ᚱ
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Yes, sub $1 was the best time to buy $RUNE.
But don't think that you're "too late" to get in now. Thorchain is 10x the product it was back in 2021.
Perspective is important.
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Swaps EVERYWHERE ™
Interfaces
⚡️Thorswap
@THORSwap
⚡️Shapeshift
@ShapeShift
⚡️Thorwallet
@THORWalletDEX
⚡️Lends
@Lends_so
⚡️Asgardex
@asgardex
⚡️Unizen
@unizen_io
⚡️Coinbot
@TeamCoinbot
⚡️DecentralFi
@decentralfi
⚡️Swapper DEX
@SwapperDapp
Wallets
⚡️Tr*st Wallet
@TrustWallet
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Thorchain's roadmap for the next 3 months is absolutely stacked.
-Memoless transactions
-Trade accounts (improved arb efficiency, reduced synth usage and LP leverage)
-Orderbooks (limit orders!)
-Solana (dev work - won't be live this Q)
-Batch outbounds (lower gas gees)
$RUNE
Intern just stumbled across TC's Q1 2024 roadmap
Go look.
$RUNE
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Could we see an
@AaveAave
or
@anchor_protocol
style TVL run for
@THORChain
? Could we see TVL shoot from 500m to several billion in the coming months?
Absolutely.
Why? Well, let's look at current barriers to TC TVL and how they're being resolved:
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Competition among Thorchain DEXes is heating up🔥
Just look at the number of exchanges on offer!
Bullish $RUNE ecosystem.
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Patience will be well rewarded
The fundamentals have never been better, and there's plenty more on the way.
$RUNE is highly reflexive. It WILL rip. It's a matter of when, not if.
.
@THORChain
just had its second highest weekly volume ever
$BTC hasn't hit ATHs yet, halving in 44 days, $ETH ETF likely...
You do the math
You don't own enough $RUNE
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Yesterday
@THORChain
hit a new volume ATH of $382m.
It's back up to the 3rd largest DEX by volume.
Wen $1bn?
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The Thorchain $BTC savings vault just crossed $1m TVL!
Just over 60 native Bitcoins have been deposited to earn completely sustainable yield, currently around 4.5% APR!
Who needs BlockFi, Celsius, Genesis....
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Ongoing THORChain integrations are starting to stack up:
⚡️Ledger
✅LiFi - This also means RobinHood Wallet btw 👀
⚡️Leap Wallet
✅Symbiosis
⚡️Station Wallet
And maybe some more...
$RUNE ⚡️
Ongoing THORChain integrations are starting to stack up:
⚡️Ledger
⚡️LiFi
⚡️Leap Wallet
✅Symbiosis
⚡️Station Wallet
And maybe some more...
$RUNE
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Stablecoin liquidity on
@THORChain
is continuing to absolutely rip.
Since the quoted tweet 12 days ago:
⚡️$USDC liquidity is up 80%
⚡️$USDT liquidity is up 72%
⚡️$USDT liquidity (on Avax) is up 223%
This is hardly surprising when you can stake these stables for an APR of:
$RUNE has been on an absolute tear recently, up 300% in 3 months. But what’s been behind the pump?
Liquidity deposits.
And
@THORChain
's liquidity is looking v good rn 🧵
Rather than looking at just TVL (which is up 85% this month), I also like to look at the depths of
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Thorchain is about to break ATH volume again with ~8 hours to go.
It's on track to hit $600m in daily volume today.
Juicy.
$RUNE
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If you're freaking out about the price of $RUNE rn then you're probably overexposed.
Despite dropping over 50%, $RUNE is still up around 500% in the past 9 months.
Meanwhile, all key metrics are up and to the right ⤵️
Daily swap volume
Unique Swappers
Daily Fees Generated
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This is the biggest Thorchain loan so far. But how much $RUNE did it burn?
$111,404 - $38,572 = $72,832 burn value
With $RUNE at $1.63:
$72,832 / $1.63 = 44,682 $RUNE burned.
From ONE loan.
🔥🔥🔥🔥🔥
🏦→ Loan open [pd5e]
Collateral deposited: 4.18 BTC ($111,404)
CR: x2.86
Debt: $38,572
Target asset: ETH.USDC
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Ended up at $529m for the day.
Over half a billion for the first time ever on
@THORChain
We will see a $1bn day soon ⚡
Thorchain is about to break ATH volume again with ~8 hours to go.
It's on track to hit $600m in daily volume today.
Juicy.
$RUNE
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Right, here we go...
I bought my first ever $RUNE on April 17, 2021 @ $14.7
I continued to top up between $15 - $17
Tried to catch the knife during the May 19 crash and doubled down between $14 - $15
Still here supporting
@THORChain
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M*tamask is finally adding support for native
#BTC
And so the door opens for the biggest potential
@THORChain
integration to date.
Thorchain is literally the only time-tested provider of $BTC to $ETH swaps at scale.
@jpthor89
@ninerealms_cap
slide into those DMs 👀
SCOOP:
@MetaMask
is adding
#Bitcoin
support to its popular
#Ethereum
wallet, according to people familiar with the matter.
@IanAllison123
reports
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Excluding stablecoins, $RUNE is the 10th most traded token of the past 7 days.
I can't remember what volume precedes, but I think it's something good right?
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So
@THORChain
's Q3 report was just released, and there are 2 standout statistics worth highlighting imo.
• Trust W*llet brought in $121.3m of volume
It created 3x more volume for Thorchain than any other interface over the past quarter. This demonstrates the value of the
With Q3 at a close, a report detailing the quarterly progress of the
@THORChain
core protocol has been published ⚡️
Lending, Streaming Swaps, & much more shipped🚢
Total Volume: $2.38b
Liquidity fees collected: $3.38m
Read the full report on Medium:
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$RUNE 🤝 $SOL
Please make it happen 😍
@CoinzyCapital
@CBarraford
@ErikVoorhees
@THORChain
@ChadThoreau
@solanalabs
@BNBCHAIN
I officially promulgate the declaration that the two ecosystems are collaborating.
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Seriously though...literally why wouldn't you integrate
@THORChain
powered cross-chain swaps.
You stand to make MILLIONS.
@Ledger
@SonarWallet
@Rabby_io
@MetaMask
@Tangem
@exodus_io
@phantom
@ZenGo
@CoinbaseWallet
@ElectrumWallet
Get in contact with
@ninerealms_cap
for a
Tr(u)stWallet made $1,160,000 in fees in January thanks to their
@THORChain
integration.
That's $14m annual revenue.
14 million reasons why your favourite wallet should integrate Thorchain for cross-chain swaps, if they haven't already started.
Who will be next?
$RUNE
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Just the beginning.
$RUNE
Patience will be well rewarded
The fundamentals have never been better, and there's plenty more on the way.
$RUNE is highly reflexive. It WILL rip. It's a matter of when, not if.
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Earn 400% APY on BTC and ETH with Thorchain
@THORChain
is currently offering some crazy APYs for liquidity providers on the platform:
- $BTC 390% APY
- $ETH 370% APY
- $USDC 430% APY
But how is this possible? 🧵
It's all due to a very overlooked element of Thorchain's design,
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🚨 New Chain Alert 🚨
$AVAX is now fully enabled on
@THORChain
.
You can deposit native $AVAX to earn yield, or swap it to other native assets like $BTC $ETH $BNB and many more.
No wrapped assets. No bridges.
$AVAX 🤝 $RUNE
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$ATOM is live for trading on Thorchain.
You can now swap $ATOM to native $BTC $ETH and more.
Test it out on
@THORSwap
or
@Defispot
now!
#Thorchads
🤝
#Cosmonauts
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⚡️NEW ATH FOR $ETH IN
@THORChain
⚡️
A record 15.7k $ETH are now deposited into
@THORChain
's liquidity pool, and its easy to see why.
-300% APR for LPing ETH/RUNE
-Over 16% APR for solo staking ETH
Thorchain is the BEST place to make your native $ETH productive
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Why $WINR will go to $1🪙
Americans love a gamble, spending more on the lottery than sports, films, music, books and video games combined.
@WINRProtocol
has built the infra to bring this entire sector on-chain and is only $20m mcap.
I’m targeting a valuation over $200m 🧵
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Just a couple of days ago the CEO of
@SushiSwap
hinted at integrating Thorchain.
Now the CEO of
@TrustWallet
confirms a Thorchain integration.
Wallets and exchanges will need to integrate TC or be left behind.
Who's next?
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Thorchain 7d Volume at price ATH: $61.8m
Thorchain Past 7 Day Volume: $1.3b
I didn't realise the dashboard I was working on was public😂But
@runetothamoon
has presented the data perfectly!
Sometimes you need to step back to see how far a project has come.
$RUNE
1/8
A THREAD 🧵
How far has
@THORChain
come since $RUNE hit an all-time high price of $20.87 on May 19, 2021?
Many just look at the price of $RUNE, which currently sits at $5.1. We need to look beyond that...
Shoutout to
@SpotWiggum
&
@flipsidecrypto
for the data
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NATIVE $RUNE trading will be available on Kraken from tomorrow. This will be the end of any price divergence between native and other types of $RUNE.
If you have any BEP-2 $RUNE upgrade it immediately to native $RUNE, there's a 5% one way arb.
Can anyone with a Kraken account check if this listing is for native $RUNE ?
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Did you buy the $RUNE dip anon?
As the fundamentals strengthen, these dips are being eaten up quicker than ever.
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Ansem being a Thorchad definitely wasn't on my bingo list
But with
@jpthor89
,
@OX_DAO
and
@blknoiz06
on board who knows where $RUNE will end up this cycle.
TC has always lacked marketing, but not for much longer.
🔝
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Ongoing THORChain integrations are starting to stack up:
⚡️Ledger
⚡️LiFi
⚡️Leap Wallet
⚡️Symbiosis
⚡️Station Wallet
And maybe some more...
$RUNE
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Node Operators are now voting to enable Savings Vaults on Thorchain.
Users will soon be able to earn yield on native:
$BTC $ETH $ATOM $DOGE
$BNB $AVAX $LTC $BCH
With NO Rune exposure.
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Idea:
Thorchain DEXes should offer referral codes for influencers via customised affiliate fees.
The first to do this could 5-10x volumes imo.
It's time to aggressively market $RUNE.
In the past 6 years I blocked all proposals for influencers, marketing, conferences, and ads.
Because we had to focus on shipping a damn good product.
But TC is now ready. I am now gonna personally fund a large budget for influencers, marketing, conferences and more.
If you
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Ongoing THORChain integrations are starting to stack up:
⚡️Ledger
⚡️LiFi
⚡️Leap Wallet
✅Symbiosis
⚡️Station Wallet
And maybe some more...
$RUNE
Ongoing THORChain integrations are starting to stack up:
⚡️Ledger
⚡️LiFi
⚡️Leap Wallet
⚡️Symbiosis
⚡️Station Wallet
And maybe some more...
$RUNE
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$RUNE in active nodes: 89.8m
$RUNE in standby nodes: 9.9m
$RUNE in liquidity pools: 32.4m
=132.1m
This is 39% of the circulating supply (non-reserve RUNE).
As the % of tokens in the Thorchain network increases, $RUNE edges closer to full price reflexivity.
Full price
The maximum effective bond of thornodes has been steadily increasing. This number increases when the lowest bond of the top 1/3rd nodes increases. Its evidence that "bond wars" are effective in raising the bond quantity of nodes.
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$BOOP is gonna single-handedly revive Arbitrum and the comeback will be glorious
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Times like these I'm very excited for the introduction of the THOR.USD savings vault.
You'll be able to earn a completely sustainable stablecoin yield within the
@THORChain
eco-system.
And $RUNE will be burned in the process 🔥
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I took out an early $ETH backed loan through Thorchain at around 47% LTV.
I looped back into $ETH 3x and now have exposure to 70% more $ETH compared to holding spot.
There are no interest costs, funding fees or liquidations.
If you're ok with the smart contract risk and are
BlackRock has made first step towards filing for a spot Ether ETF. I just confirmed on the website myself. Nice catch by
@SummersThings
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What a year for Thorchain.
I've been deep into TC for almost 3 years now, and I've never been more bullish.
2024 just might be the defining year for Thorchain.
2023 was a strong year with major growth in liquidity, users, new features shipped, and integrations
In 2024, watch as THORChain continues to scale & deliver as the industry's largest native asset settlement backbone for Bitcoin
Read the Year End Report by
@ninerealms_cap
⚡️
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So
@THORChain
swaps are coming to
@TrustWallet
very soon!
Hopefully we'll see an earn button too.
Imagine the exposure that would bring to Thorchain's savers vaults.
There are four buttons in front of you. Which are you tapping?
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Didn't realise buying the local $RUNE top at $2.3 would be my trade of the year so far...
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My looped $ETH position is currently up an extra 44% compared to holding spot.
I pay no interest fees and can't be liquidated.
Interested?
If you missed the boat before, free leverage on $BTC and $ETH is about to become available on
@THORChain
again ⚡️
I took out an early $ETH backed loan through Thorchain at around 47% LTV.
I looped back into $ETH 3x and now have exposure to 70% more $ETH compared to holding spot.
There are no interest costs, funding fees or liquidations.
If you're ok with the smart contract risk and are
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Oh hello
@blknoiz06
is bullish $RUNE
Perfect timing with the $SOL integration in the works.
@jpthor89
@CBarraford
could either of you hop on a call with him to talk him through TC's new stuff?
Think it might be worth it 👀
@OX_DAO
if they explain the new stuff to me over call for like an hour or so i can fix (2), (3), & (4), rune was my second favorite coin last cycle after solana
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This wallet has now swapped 1,623 $ETH to $BTC using
@Thorchain
's streaming swaps in the past 24 hours.
That's $2.6m of volume from one wallet, in the depth of a bear market.
Streaming swaps has product-market fit.
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This really shows the strength of the
@THORChain
ecosystem atm.
A community-run open source interface is generating enough revenue already to pay devs salaries
🐂⚡
@THORChain
Affiliate fees are a stroke of genius from the
@THORChain
team. Our community project is now self-sustaining.
#Maturity
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There are some seriously juicy APRs available right now for liquidity providers on Thorchain.
The network is overbonded (too much $RUNE bonded by the nodes compared to liquidity) so the protocol directs more block rewards to LPs, juicing the APRs.
69% on USDT
36% on AVAX
31%
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Hi
@MetaMask
Fancy a bit of this?
Your 0.875% fee is higher than what Trust currently charges (0.7%) and I'd imagine you'd do a fair bit more volume.
What do you reckon you could make from a
@THORChain
integration for
#BTC
?
Tr(u)stWallet made $1,160,000 in fees in January thanks to their
@THORChain
integration.
That's $14m annual revenue.
14 million reasons why your favourite wallet should integrate Thorchain for cross-chain swaps, if they haven't already started.
Who will be next?
$RUNE
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25 $ETH was just added to the Ethereum savings vault in one transaction!
As confidence grows in Thorchain's savings vaults, so do the deposits.
How long until they're full?
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Thorchain volume in the past month = $911.4m
This ranks it SECOND amongst all bridges according to DefiLlama.
How long until it's number 1?
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As always, follow these Thorchads for the best $RUNE info around. Maybe one day I can be like them 😍
@ChadThoreau
@NicolasFlamelX
@CryptosBatman
@0xSmith
@CBarraford
@THORmaximalist
@TheRuneRanger
@THORChain
@ninerealms_cap
@Pluto9r
@nexain
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10 $BTC deposit into the liquidity pool on Thorchain.
$400k total liquidity added.
Deeper liquidity = less fees
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Yet another
@THORChain
integration. This time its
@pangolindex
integrating Thorchain for native asset swaps.
TC swaps will be available directly from the Pangolin interface.
There seems to be a pattern emerging here...
🌉Coming soon to a UI near you...
BridgeSwap will integrate
@THORChain
, allowing users to execute cross-chain swaps directly from Pangolin’s user interface. Learn more⬇️
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87% APR on $AVAX
55% APR on $ATOM
Liquidity is currently low in these Thorchain pools, so those providing liquidity are earning huge yields.
Deposit your assets through any Thorchain interface to take advantage!
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Second most active daily users ✅
Third highest TVL ✅
Third highest volume ✅
$BSC has been added to
@THORChain
and is a great addition for the protocol.
Don't forget that Thorchain will now be able to offer BSC chain swaps to
@TrustWallet
users 👀
Thorchain have shipped like
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Impressive utilisation of Thorchain's pools recently.
Volume/depth ratios for the past 24 hours:
$DOGE at 205% (!!)
$BUSD at 67%
$ATOM at 53%
Productive liquidity.
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On a personal note, I'm very excited to have recently joined
@sourcapital
as a Research & Investment Analyst alongside
@rekt0x
and
@0xmikepocket
.
I'm super grateful for the opportunity and looking forward to killing 2024.
Pretty crazy to think it all started with a few tweets.
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@THORmaximalist
I bought my first $RUNE around $15 back in April 2021. Bought more at $17 just days before ATH.
Rode the whole way down, doubled down, and now I'm gonna ride this all the way up.
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Did you know...
The
#TrustWalletExtension
offers 15 different staking options across 9 different chains, with our top trusted validators!
Stake your
#crypto
to earn even more crypto! 🚀
Download here to begin👇
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I'm cooking on this position now🍜
I'm up 51% compared to hodling my initial $ETH stack, and $ETH is up 2x.
With no liquidation risk and a fixed 0% interest rate, I will continue to comfortably ride this one up 📈
Borrowing on
@THORChain
is unreal⚡️
I took out an early $ETH backed loan through Thorchain at around 47% LTV.
I looped back into $ETH 3x and now have exposure to 70% more $ETH compared to holding spot.
There are no interest costs, funding fees or liquidations.
If you're ok with the smart contract risk and are
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The need for
@THORChain
to succeed grows greater by the day
Celsius announces that any crypto that you deposit *after* Apr 15 will not earn interest.
Any crypto you deposit *before* Apr 15 will keep earning interest.
Unless you're an accredited investor - in which case you will still earn interest irregardless of when you deposit.
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$RUNE dumping
$ARB dumping
$ETH dumping
$UNIBOT dumping
🫡
$RUNE flying
$ARB flying
$ETH flying
$UNIBOT flying
So this is what green feels like 😍
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Volume from exploits represented 4.35% of
@THORChain
's total trade volume over the past 4 months.
Just 4.35%
Great work
@banbannard
@tayvano_
@THORChain
Haha okay. Included these addresses too.
Update : Exploiter-related swap volume stands at 4.35% now.
Query is set to refresh every 6 hours on
@flipsidecrypto
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Why use a CEX when you can use a permissionless DEX that can also OUTCOMPETE centralised exchanges on price execution?
This is now possible with streaming swaps by
@THORChain
.
A $2.5m USDC transaction was recently executed at 0.11% (!!) slippage.
why would i use a permissioned DEX when there are CEXs
theres no competitive advantage
DEXs cant compete on fees or spreads
zero PMF on day 1
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Only 3 out of the past 14 months haven't seen a MOM increase in unique swappers on
@THORChain
Crazy growth for a bear market. What happens when easy mode?
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.
@CamelotDEX
generated $83k in fees in the past 24 hours.
-They're about to launch a $3m incentive program
-Over 50% of the $GRAIL token supply is locked
-Only 16,000 circulating supply
Supply shock in 3...2...
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