THORSwap uncapped launch on THORChain is starting at 10am EST.

It happens at the same time when THORChain raises the liquidity caps to 15m RUNE which allows additional ~$150m liquidity.

🧡1/πŸ‘‡
$THOR Pool will be seeded with 10m $THOR (2% of total supply) and participants can deposit $RUNE to acquire $THOR.

After $THOR Pool goes live after ~3 days, Launch participants will become a liquidity provider with 50% of their LP in $THOR and 50% in $RUNE.

2/πŸ‘‡
Launch on THORChain will be kind of gas efficient since you only need 0.02 $RUNE and eth gas fee for submitting your address.

And there's no limit of amount. You can participate as much as you want using $RUNE.

3/πŸ‘‡
After $THOR Pool goes live, $THOR rewards will start right away and Users will be incentivised to stay in the pool and earn $THOR rewards.

$THOR LPers will get advantage of IL Protection and high APY, Just by staying in the pool, owning your LP without staking any LP token.
Check out this article to learn more:
thorswap.medium.com/3rd-november-t…

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More from @THORSwap

18 Jun
Let's talk about THORName Service (TNS)

TNS is a multi-chain naming system based on THORChain network.

Simply, TNS is similar to ENS but it's based on THORChain.

Then, why TNS? πŸ‘‡

1/cont
THORChain is a multi-chain liquidity protocol enabling the swaps between L1 blockchains like $BTC, $ETH, $BCH

Unlike Uniswap or Pancakeswap, all swaps may have different chain addresses.

e.g Swap BTC<>ETH transaction involves both btc and eth addresses.

2/
All wallets and interfaces will massively integrate THORChain for cross-chain swap and yield, and @xdefi_wallet will be the first wallet that integrates THORName.

Just swap Bob.btc -> Bob.eth, send Bob.thor, Bob.doge

3/
Read 11 tweets
11 Jun
Why THOR Synth is a game changer? πŸ‘€

THORChain synth design is very unique and solves many problems for multi-chain Defi.

1/ contπŸ‘‡
Cross-chain L1 swap has never been possible in Defi until THORChain launched MCCN 2 months ago (April 13th).

Though It's a great innovation, Users need to pay high gas fees to swap L1 assets.

But, why does it matter?

2/
Capital efficiency is one of the biggest problems in DEXs since most of the volume and fees are made by arbitrageurs.

That's why Uniswap introduced V3 protocol to increase capital efficiency by active LPing mechanism.

But, it can't also avoid paying high gas fees.

3/
Read 7 tweets

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