Thread by @flyacro

Imho there has not been a more bullish period in the history of @THORChain network. This short thread explores what is going on under the hood of a sleeping giant and what it means for the current $RUNE hodlers

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@THORChain is battle tested – as the old saying goes: what does not kill you makes you stronger. The core team not only came out of the summer 2021 stronger, but the team has grown, matured and introduced a number of practical anti-exploit & pro white-hat measures

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@THORChain is still the only one secure L1 <> L1 DEX – that speaks volumes about the complexity of the problem it has set to solve. If this was simple a number of copy cats would pop out of nowhere. And it takes time to build strong foundations.

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Now, that the foundations are strong, the speed of development is about to accelerate multifold with the adoption of real-assets stagenet the team can focus on the identical environment to chaosnet, rather than dealing with unpredictability and differences of testnet

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The current pipeline blows my mind and we are about to witness:

1. An addition of $DOGE chain and introduction of $DOGE community to #DeFi – this #meme coin has a MC of ~20B MC and ranks #12 on @coingecko – currently synchronizing on the chaosnet

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2. An integration of @terra_money chain with both $LUNA (25B MC) and $UST (10B MC) into the @THORChain network. No comments here are necessary.

https://twitter.com/stablekwon/status/1480080379122176001?s=20

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3. Aggregator support (gitlab.com/thorchain/thor…) – this is one of the most important and least understood features of @THORChain – in a nutshell it allows #DEXes to become aggregators and expand their offer to include L1 assets such as $BTC or $DOGE.

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DEXes that support different chains and long tail assets will be able to create “paths” (in and out calls) into L1 assets and, further, into other long tail assets on the other side of the trade. I do not see any DEX that would not want to integrate with @THORChain

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4. Synthetic assets are new financial primitives that pave the way to #ThorFi (hi-order financial features). They are fully-secured, fully-backed and can be sent anywhere in the @cosmos #IBC ecosystem and they will retain the guarantee they can be redeemed for the underlying
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5. ThorFi, POL and ThorSavings – as usually, @THORChain starts with first principles and challenges the status quo to redefine what a lending protocol can look like. Expect self-paying loans and other financial features, unseen on other networks with no liquidation risk

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As usually with @THORChain there is more. The community has grown and matured, there are new faces among the old faces. I would like to take a moment to thank you all for your incredible contributions and support during the construction of this incredible piece of #DeFi infra 🙏