Thread by @Rentahomefast

What if there was a way to sidestep the exchanges for native assets.....not the wrapped centralized junk but an actual way to get native assets......would you believe me?

2/ thats okay you dont have to I'll spoil the surprise, its called $rune.

What is this mysterious asset?

3/ @THORChain aka $rune allows you to swap native $BTC for anther native asset like $doge …….the only way to normally do this is an exchange and even then you have to swap from one asset to another as in BTC to USDT and USDT to Doge

4/now that you understand thorchain, what is rune for …….well when you deposit one asset into any of the pools 50% on the other side will be paired with rune. So rune is the like trading pair across all assets creating an omni-pool.

5/ this is important for several reasons
1.lower fees
2.less slippage
3.deeper liquidity
4. better order routing

6/ Oh did I mention with an omni pool its super easy to lp you only have to deposit one asset, yes you can do both but you can spend less gas fees using rune if using eth native tokens

7/come on you have to admit this is sweet......they dont have this stuff on uniswap

8/
-thorchain also has impermanent loss protection after 100 days
-dynamic swap fees based on the liquidity in the pool (helps to pay for imperm loss for those pools with low liquidity)

9/so what does this mean for $rune

now lets break down the rune formula…….

it is 3x what is deposited aka for every $1 deposited that goes for $3 in market cap on rune……well let me explain why

10/
-max cap 500 mil rune (and all of this cannot be used because about 25% is locked up in nodes and in defi/ on exchanges. so as more assets are deposited more rune is bought up to put in lp pools.

thorchain.org/getting-starte…

11/ so with this model if 1 billion dollars worth of btc comes in you can basically add 3 billion to rune MC......now im really bad at geometry class but I know that 3 billion is more than a 1.22 billion MC

12/ so what are some bullish catalysts coming
1. synths coming .... here are some benefits
-some btc maxis only want exposure to btc not rune
-fast
-cheap
- much quicker aka btc takes 10 min per block to update prices….sythhs are faster
-also integrates with ibc

12b/ need a deeper dive on synths....check this out

https://twitter.com/THORSwap/status/1500971064444268544

13/
2. savings coming
this will be like anchor……where the asset you deposit is earning a yield from the yield bearing asset aka the btc you deposit goes into the lp pool to earn a yield

3.Thor usd coming
need I say more……this will be the same mechanics as luna…..🔥

14/

4. luna is about to be active on thorswap(main dex on thorchain) brings tons of TVL......dont forget the formula 😉
5. main net thooooonnnnn

15/ so what are the risks.....well it is a complex protocol, there were hacks from last april and the team have been rebuilding since then.....the hacked users were also compensated for losses.
so TLDR the biggest will be
-contract risk
-bugs
-hacks

16/ the good news is rune is much lower from ATH's so if you are bullish the asset its much easier to accumulate. now should you throw everything at it, well im not a financial advisor so you need to determine your risk tolerance..... can this 100x....yes ...can it go to 0... yes

17/ Me personally I see more of an upside given the current situation with
-exchanges closing down or having KYC
-Bitcoiners looking for a yield on btc
-luna TVL coming
-syths (allows others to not have exposure to rune yet it indirectly is actually buying rune 🤯 )

18/
-thorusd
-thorsavings

oh and did I mention we are not even main net yet

you can just watch this video too it makes it much easier

enjoyed this thread feel free to share it with a @THORChadsDAO, @THORChain degen near you or a

https://twitter.com/Rentahomefast/status/1501329847670480896

@ChadThoreau lmk what you think