Discover and read the best of Twitter Threads about #RUNATIC

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After going through this video for almost 10x, I finally get how $RUNE can capture value through THORFI!

This is a must watch, and why every $RUNE holder should understand this... TLDR thread below๐Ÿงต๐Ÿ‘‡

1/ Thorfi allows borrowing of thorusd by depositing your LPs as collateral WITHOUT liquidations. You can sleep well and easy at night even if your native coin or $rune drops below your borrowed amount (undercollateralized).
2/ Thorusd is a stable coin and is pegged to USD. How is thorusd minted? As you deposit an LP, you're earning an APY on your $btc and $rune. You can mint thorusd by placing your LP as collateral, thereby forgoing your LP rewards.
Read 21 tweets
$Rune is pumping but is this the top?

To understand why its pumping you need to understand the tokenomics ๐Ÿ‘‡ ImageImage
If you know @THORChain and the $rune deterministic value formula of 3$ increase to rune MC for every $1 deposited...your half way there

This is the bare bones minimum that rune HAS to trade at is the 3x multiplier.....It has NEVER TRADED at this its always been over Image
Can I get a.... "what the snap"

so why does $Rune HAVE to trade at a min of 3x.....

this is why

1. all LP's are paired 50% token A and 50% $rune
2. node operators must have 2x the value of the assets in the liquidity pools.

note:node operators only hold rune ๐Ÿ˜‰

1+2=3
Read 14 tweets
So you want to buy $RUNE but don't know where to start? I've got you! I went through the @thorswap & @thorchain learning curve so you don't have to ๐Ÿค“

Quick thread on how to purchase native $RUNE using a @ledger

Not financial advice. DYOR! ๐Ÿงต ๐Ÿ‘‡
2/
What you'll need:
-A ledger
-2 wallets:
1) THOR wallet app on ledger (download this now on Ledger Live!)
2) Second wallet w/ your choice crypto to swap for $RUNE. I used $ETH on my @MetaMask, however can also use native $BTC, etc.
3/
-Navigate to THORSwap: app.thorswap.finance
-Click "Wallet" from the menu dropdown on the lefthand side.
-Click "Connect" in the upper-right hand corner.
Read 10 tweets

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