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# 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.
