Discover and read the best of Twitter Threads about #RUNATICS

Most recents (4)

After taking about 2 hours to figure out how to farm on @THORSwap with the new @terra_money integration, here's a simplified thread on how to do it if you have a ledger!

๐ŸงตโœŒ๏ธ
1. Download Thorchain on your ledger and get yourself a thorchain address.
2. Download Terra (I assume you already have $LUNA and $UST in your wallet) on your ledger and link it with your Terra Station Wallet extension on your browser.
Read 15 tweets
The hype about #THORfi is absolutely warranted. Much has been written about the mechanics, which is some real giga brain stuff. But there are two things about what this means that I am most excited about

1. Adoption ๐Ÿƒโ€โ™‚๏ธ
2. Tokenomics ๐Ÿ’ฐ

@Thorchain #RUNAtics
๐Ÿงต๐Ÿ•’
1/9
2/9 Adoption - Terra has shown that the path to adoption is to make things simple (e.g. $ANC). #THORfi does this in spades with a) a lending product that has 0 liquidation risks (no more sweating on whether you might have been liquidated during a flash dump)
3/9 The lending product has 0% interest rate - no more having to watch your yields move up and down depending on demand in market
Read 9 tweets
Navigating through the THORChain ecosystem is still nebulous, especially for new users.

In anticipation of the Terra integration ๐ŸŒ– and ThorFi, here's a PRACTICAL guide to THORChain ๐Ÿงต โšก๏ธ

$LUNA ๐Ÿค $RUNE

#RUNAtics
1/ For the unaware, THORChain is a cross-chain DEX where users can swap NATIVELY between assets like $BTC and $ETH (not wrapped) and soon $LUNA.

Here's a excellent ๐Ÿงต on Thorchain ๐Ÿ‘‡

2/ You could also provide liquidity into THORChain and get yield on assets like $BTC

The LP is always paired 50/50 with Thorchains native token $RUNE and there's Impermanent Loss protection(in dollar terms) if kept for 100 days ๐Ÿ‘‡

Read 18 tweets
# The Second Dimension of @THORChainโ€™s Liquidity Black Hole: THORSynths

How synths work, why they matter.

# TLDR how it works:

Deposit $RUNE to mint a #THORSynth, like thorBTC. Pool thorBTC with RUNE and get access to LP rewards from fast&low cost synth swaps.
# TLDR implications:
- captures unused RUNE and filters value back to deterministic price
- becomes a potent DeFi platform in itself
- augments liquidity virtually, and more

Full detail below ๐Ÿ‘‡
# Minting & Redeeming

Synths are created by depositing $RUNE. No external asset like BTC is deposited to mint synths.

This is exciting for early chads who've grown into $RUNE heavyweights.
Read 29 tweets

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