It's clear to me that we are headed to a multi-chain world.

At the center of this world is the demand to move value between blockchains.

$RUNE is not only the best way to express this thesis, it is the purest way of expressing it, which provides it a scarcity premium.

@thorchain_org is an independent blockchain built using the Cosmos SDK.

It is not only optimized for cross-chain liquidity, it also offers extremely strong value capture for $RUNE, which accrues value deterministically based on liquidity.

THORChain’s economic model is not fantasy.

It has been validated by @gauntletnetwork and has been tested in the wild for months on ChaosNet.

The value of $RUNE must always be worth 3x the value of external assets in THORChain’s liquidity pools.

AMMs have been the most successful DeFi protocols to date with product market fit and accelerating fundamentals.

The problem is it is an extremely competitive space with all the Ethereum-based AMMs engaged in an all out incentive war.…
THORChain is an alternative way to play this vertical through a differentiated offering that currently has no live competitors.

THORChain also has the largest TAM of any AMM - cross-chain liquidity includes every major asset across blockchains.
THORChain will be the first AMM to tackle the short tail of cryptoassets.

That means swaps between BTC, ETH, USDT, DOT, BNB, XMR, etc… not the long-tail shitcoins on Ethereum.
$RUNE has already accrued $87mm of TVL on ChaosNet without even offering the ability to swap between many of the most attractive assets in the industry.

When mainnet launches in a few weeks this should skyrocket with support for assets like BTC, ETH, BNB, and ERC-20s.
Mainnet will allow BTC holders to earn yield on native $BTC without wrapping and whales are getting excited.

There is currently ~$10bn of BTC on Ethereum today.

If THORChain attracts even 10% of that $RUNE’s market cap would need to be worth multiples vs today by design.
But what if I told you this was only the beginning of THORChain?

What if decentralized cross-chain exchange is just the foundation for something even larger?
THORChain not only unlocks cross-chain value transfer, it also provides the foundation for cross-chain DeFi.

THORChain will eventually become a cross-chain DeFi hub where you can swap assets, borrow assets, mint synthetics, and more.

Enter THORFi.

It’s not crazy to say THORChain mainnet will mark a seminal development for this industry.

THORChain is not just a DeFi protocol; it is foundational infrastructure that pushes us forward towards fulfilling the vision of Satoshi.

No more gatekeepers; Cant Stop Wont Stop GameStop
Bitcoin = Store of Value. Ethereum = Smart Contracts. THORChain = Cross-Chain Liquidity.

Yes I think THORChain is that big.

Fitting it’s named after a god.

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