So @MrMopesey DM’d me to learn more about @thorchain_org. He wanted to specifically know what makes the project special philosophically, specifically its “raison d’être” like we say in French.
2/ Native cross-chain:
3/ Market capture: @Rewkang’s Liquidity Black Hole Theory covers this topic nicely:
4/ Incentives: Every participant is incentivized. Liquidity providers earn slip-based fees, anonymous #THORNodes earn equal rewards to maintain a highly available network, arbitrageurs find assets that are mispriced between markets.
5/ Product/Market-fit: Swaping NATIVE assets from my @Ledger is something magical. And it's just a preview of the many uses cases for it, think: lending, trading, payment processors etc.
Plus dormant assets have something to do now:
6/ CEX vs. DEX Design:
7/ Deterministic: Unlike other assets, is valued by the value of the assets in its vaults.
It will have deterministic value.
8/ RUNEVault: Some often misperceive the RUNEVault.org staking rewards as "free money". In reality it's a distribution mechanism that'll help #ASGARDEX capture more TVL. Notice I keep this for last? It's not the main driver for @thorchain_org .
9/ Community visions: it attracts questions and alternative designs:
10/ But hey, @thorchain_org is just a meme:
11/ I like to explain its mission in a single line:
@THORChainHammer mission
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