Single $THOR staking will eventually migrate to vTHOR in the future.
Prepare yourself Chad, we have so much more to give.
1. So far for (π±,π±) we have launched:
- Incentive pendulum to balance staking incentives and demand for OHM bonds
- ETH.RUNE OHM Bonds to set up TC Nodes to help network stability and acquire TC liquidity
- Reduced our over efficient liquidity to benefit nodes and network
2. For vTHOR, we had our best degens revamp THORSwapβs tokenomics β bringing more utility, composability, value accrual, and capital efficiency.
vTHOR will be interest-bearing, auto-compounding, and will unlock the full potential of cashback.
3. Wtf is vTHOR cashback?
The more you trade then the more cashback you receive, thus automatically growing your vTHOR amount!
The more you stake, you will get more boosted rewards
Staking for vTHOR will enable trading fee discounts that will create this trading blackhole!
4. Interest-bearing and auto-compoundingβ¦.
How!?
vTHOR will grow automatically from fee sharing by protocol buy-backs, your own cashback π and yield emissionsβ¦ all whilst auto compounding!
5. THORSwap collects affiliate fees from THORChain and aggregators which will be used for buybacks of $THOR from the market and will be redistributed to vTHOR stakers!
6. This makes vTHOR super composable and expect many more DeFi collaborations from this.
Especially on lending and borrowing platforms, and even leverage π
6. We are super excited to announce vTHOR and decided to only tease. More alpha to be announced soon on specific mechanics!
We simplified THOR for the average user whilst also creating more utility and composability.
To Valhalla Chads
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
1. boost (5x) to $THOR single-sided staking
We will be gradually increasing single-sided staking rewards by 5x! This is where the game theory comes in hence (π±,π±)!
Most circulating $THOR is locked in the staking contract already. The new vTHOR proposal will continue this trend.
2. Own liquidity in the THOR-RUNE pool
ETH.RUNE bonds on Olympus Pro allow THORSwap to start acquiring liquidity in the THOR-RUNE pool. After acquiring ETH.RUNE, we will then upgrade it to Native Rune (retiring ETH.RUNE) and deposit the Native RUNE into the THOR-RUNE pool.
THORSwap has partnered with Olympus Dao as a part of the Olympus Pro Cohort #4.
Chads, show your support, and letβs see (π±,π±) everywhere! From Asgard to Midgard (π±,π±)!
Why Olympus Pro listing is a game-changer? π§΅π
1. @OlympusDAO is on a mission to help DAOs take ownership of their own liquidity with Olympus Pro
Instead of incentivising farming and dumping, protocols use Olympus Proβs bonding service emissions to purchase liquidity from users, and users acquire discounted $THOR.
2. Check out the blog post to understand why this is the key to longevity, why it is so important in DeFi and how a user like yourself can acquire $THOR at a discount whilst contributing to THORSwap's long-term success:
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? π
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/