Discover and read the best of Twitter Threads about #THORSynths
Most recents (2)
Weekly Update on Community, Ecosystem & Dev #14:
@THORChain
Briefly, it covers:
1⃣ Notable Gitlab Issues
2⃣ Most Asked Questions
3⃣ Feedbacks & Suggestions
4⃣ Notable Work
5⃣ Ecosystem Updates
6⃣ Dev Updates
A 10-points TLDR Below 👇
medium.com/@THORNoob/week…
@THORChain
Briefly, it covers:
1⃣ Notable Gitlab Issues
2⃣ Most Asked Questions
3⃣ Feedbacks & Suggestions
4⃣ Notable Work
5⃣ Ecosystem Updates
6⃣ Dev Updates
A 10-points TLDR Below 👇
medium.com/@THORNoob/week…
TLDR (10-points)
1⃣ V0.73.0 was pushed on ChaosNet
2⃣ @THORChain faced a consensus failure. Fix in progress.
3⃣ Node Churn took place and Fund cap was reached.
4⃣ @monero integration is in works.
1⃣ V0.73.0 was pushed on ChaosNet
2⃣ @THORChain faced a consensus failure. Fix in progress.
3⃣ Node Churn took place and Fund cap was reached.
4⃣ @monero integration is in works.
5⃣ @ThorWallet token $TGT’s IDO details were released. Happening on 15th and 17th November.
6⃣ @xdefi_wallet postponed their IDO to 15th November.
7⃣ @xdefi_wallet integrated @anchor_protocol in their wallet for direct $UST deposit and earn.
6⃣ @xdefi_wallet postponed their IDO to 15th November.
7⃣ @xdefi_wallet integrated @anchor_protocol in their wallet for direct $UST deposit and earn.
# The Second Dimension of @THORChain’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.
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 👇
- 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 👇
# 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.
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.
