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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 below🧵👇
This is a must watch, and why every $RUNE holder should understand this... TLDR thread below🧵👇
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.
$Rune is pumping but is this the top?
To understand why its pumping you need to understand the tokenomics 👇
To understand why its pumping you need to understand the tokenomics 👇
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
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
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 😉
1+2=3
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 😉
1+2=3
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 🤓
Quick thread on how to purchase native $RUNE using a @ledger
Not financial advice. DYOR! 🧵 👇
Quick thread on how to purchase native $RUNE using a @ledger
Not financial advice. DYOR! 🧵 👇
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.
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.
-Navigate to THORSwap: app.thorswap.finance
-Click "Wallet" from the menu dropdown on the lefthand side.
-Click "Connect" in the upper-right hand corner.
