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Decentralizing liquidity across Bitcoin, Ethereum, Monero and all galaxies/Chads. Not official Contact me @ThorchadDex @skipswap
Thorchain lending code is included in the next release. From there, the code will be tested on Stagenet, and a few weeks following (roughly around April 20th), should hit mainnet.
In my opinion, it will be a significant driver of $RUNE price momentum
Reminder: With the advent of Savers Vaults eliminating the need for Impermanent Loss Protection (ILP), ILP for *new* Dual LP deposits will be removed in ~7 hours at block 9450000 (estimated Feb 6th 7:50pm EST).
Deposits before this block will continue to receive ILP indefinitely
Reminder: If you use Thorchain savers, you should really plan on keeping your money in savers for +6 months
You pay slippage fees on the entry + exit of your position, and if it's for a short duration, the bps in slippage may outpace the ~4% apy of savers
2300 members have $14.7m in the Savers vaults. They've earned $140k from swap fees.
Savers launched two months ago
Erik Voorhees: "When I discovered THORChain and learned about it, it was the most exciting feeling I had gotten since learning about Bitcoin back in 2011."
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1m sats stacked in 28 days.
How's your sat-stacking going?
Every day, check the chain, savers go up
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THORChain bare metal validator #1 is officially syncing all supported blockchains.
It went a lot better then we thought it would.
Small step for freedom and hopefully leads to an eventual privacy coin integration.
The DeFi Trifecta:
1) Swap X for Y
2) Deposit X and earn X
3) Lend X and borrow Y
All native cross-chain.
A Multichain DEX that allows you to swap your native assets and earn passive income by providing liquidity in one of the many pools. You stay in charge of your keys, no lock-up period on pooled assets.
That's the future of finance, that's what THORChain is building.
$RUNE $BTC
Here’s how a THORChain swap works (oversimplified) between two native assets.
1. Asset 1 gets sent to Asset 1 vault
2. RUNE accounting happens to calculate what you get in the swap
3. Asset 2 is sent from Asset 2 Vault to your wallet
No wrapping, no converting.
All native.
PSA - THORChain will pause Ethereum 1 hour before merge, and unpause after verifying the transition. Post-merge, only the PoS chain will be supported. No action is required by any User
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You can FUD THORChain as much as you want, but you all know that if the community set out to achieve something, it gets delivered.
Privacy chains on THORChain? All it takes is if the devs, nodes and community decide to make it a priority.
Current NEXTCHAIN leader: $XHV
THORSwap has integrated our own full-featured #Ethereum DEX Aggregator
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Just a reminder :
THORChain was built to be permission less, trust less and censorship resistant.
This is the ethos of the project.
THORChain TVL in terms of $RUNE broke its ATH from back in May today
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I am strongly in support of the Binance Smart Chain integration
I think it should bring significant volume for Thorchain and really make a large difference with the Trust wallet integration
Crazy how the past few weeks THORChain has been ranking as one of the top chains volume wise.
Thorchain doesn't have Gamefi, NFTs, derivatives/perpetuals, Pool coins.
Looks like we'll exit '22 almost at the bottom. Fortunately we have one platform that is constantly showing green... THORChainsavers vaults.
With lending coming in Q1 '23 the users and community have got a lot to look forward to.
$RUNE $BTC
Seing the current traction and product integration of THORChain is like watching your kid walk for the first time.
We missed the last bullrun but we’re ready for the next one.
Okay so I've done some research on the new Thorchain lending design and I have a lot of thoughts, mostly good.
One thing I think is pretty cool is the "no liquidation" aspect
At first it confused me and I thought it was maybe BS, but here is why I think it's cool.
$RUNE
The THORChain Protocol is paying 4% APR to L1 BTC Savers.
Sustainable, transparent, permissionless.
Tag a wallet who you want to see integrated with.
Incredibly bullish on THORChain, today more than ever. Thank you to all the devs for what you are doing for this space.
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Very soon, BTC savings vault will be enabled.
Deposit BTC, Earn BTC.
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!
AVAX Rollout Status:
The AVAX pool has been created, but the router contract needs another churn to be set
What this means:
The network cannot process outbound AVAX transactions (Swaps, AVAX ERC-20s, DEX Agg) until the router is set (1/2)
AVAX.AVAX pool is live and liquidity can be added. All added liquidity is safe, but it is recommended to wait until swaps are enabled to create a new AVAX LP position (2/2)
Single sided yield is going to be the most beneficial change to Thorchain in the protocol’s history
Yield on $BTC without $RUNE exposure
Yield on $ETH without $RUNE exposure
Massive implications for Thorchain and yield seeking users
To put it simply THORSwap is now a next-gen DEX for all ERC-20 tokens .
You can enjoy the familiar Uniswap , SushiSwap trading experience, with the additional benefit of true cross-chain swap to native #BTC, $BNB, $ATOM, $DOGE, $LTC, $BCH, $RUNE, $AVAX (soon) & much more!
If you're trying to bridge to Dogechain, you can buy $DOGE via ThorSwap with $ETH, $BTC or stables
I may be mistaken, but I think Thorchain is still the only way via a DEX you can buy native DOGE without a KYC'd exchange.
If anyone adds a PR to merge address blocklisting to the THORChain protocol and somehow convinces 91 anonymous nodes to adopt it, then the THORChain protocol will be forked.
Choose your own adventure.
Onwards.