Tweet

JasonK 🧑‍🌾

Mar 15 • 5 tweets • 2 min read

@NicolasFlamelX

THORChain $RUNE Overview:
$RUNE is a DEX protocol that enables native token swaps across blockchains. This was previously only possible with CEX's. This is big news and could disrupt the business of CEX's!

🧵...
#THORChain $RUNE @NicolasFlamelX @THORmaximalist @TheRuneRanger

1/ Benefits:
-Removes necessity & risk of wrapped/synthetic assets
-Removes bridging and its pain points
-Enables direct native token swaps
-Decentralization & immutability
-Custody
Digital assets at its core is decentralization. Removing CEX's brings power & meaning back to DeFi

2/ THORChain $RUNE enables direct native token swaps through Bifrost protocol that acts as the connecting layer between THORChain $RUNE and each of the supported blockchains.

Transactions begin on the inbound vault on Chain A, which is then acknowledged by Bifrost...

3/ ... The transaction is processed & validated by running nodes before being recorded on THORChain $RUNE as a witness transaction. Once finalized, the actual swap occurs.

4/ The Bifrost is then spun up again to initiate the withdrawal of swapped asset from Chain B outbound vault - where the trader receives the swapped asset directly in his Chain B wallet.

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @Jasonnotjayson_

JasonK 🧑‍🌾

@Jasonnotjayson_

Apr 5

@AaveAave

DeFi Weekly Recap (5 Apr):

1) SEC Introduced Proposal to Redefine Security "Dealer"
2) @AaveAave Announced AAVE v3 - $AAVE 97% Price Jump
3) Hedera Hashgraph Announced $155M Crypto Economy Fund
4) Wave Financial Unveiled $100M $ADA Fund
🧵...
#Blockchain #Bitcoin #DeFi

1/ SEC Introduced Proposal to Redefine Security "Dealer"

According to the nearly 200-page proposal, "dealer" would expand to include people & businesses using automated & algo-trading technology that execute trades & provide liquidity to the market.
coindesk.com/policy/2022/03…

@AaveAave

2/ @AaveAave Announced AAVE v3 - $AAVE 97% Price Jump

AAVE launched the product across 6 different blockchains with forthcoming release on $ETH Mainnet. The Upgrade improves risk management & capital efficiency. Price jumped 97% since upgrade.
coindesk.com/markets/2022/0…

Read 5 tweets

JasonK 🧑‍🌾

@Jasonnotjayson_

Mar 2

[WEEK 2] With round 2 of $SOLID emissions starting in 5 hours, let's take a look at the top 20 pools by votes and measure them by capital efficiency ($ in TVL per 1 vote for $SOLID emissions):
#1: $OATH- $FTM
#2: $FTM- $YFI
#3: $YFI- $WOOFY
#4: $USDC- $WEVE
#5: $CRV- $FTM

🧵…

1/ Although $OATH- $FTM has the highest efficiency, the underlying protocol is no where near as established as $YFI. Hence, it could be argued that #2 & #3 would be a better play as $YFI (as a protocol) is more developed than $OATH (as a protocol)

2/ This makes #2 & #3 an attractive play as $YFI may hold its value better than $OATH in a down market.

#4 $USDC- $WEVE is also an interesting play as $WEVE recently announced its partnership with $OXD team (controlling >40% of the initial allocation)...

Read 6 tweets

JasonK 🧑‍🌾

@Jasonnotjayson_

Feb 28

@kamikaz_ETH

With the TVL reaching $2 billion on $SOLID, I figured an update is due - $SOLID TVL exploded quicker than I had expected! Let's take a look at the votes for next week and discuss ways to figure out next week's play.

🧵…
@kamikaz_ETH @bobbybanzai @wagmiAlexander @solidlyexchange

1/ As the TVL grows, more eyes are now watching $SOLID and the $SOLID token & price are increasingly more important.

Let's assume all underlying tokens in pools have the same values & narratives. Therefore, the best way to ape would be pools with the highest capital efficiency.

2/ By comparing the pool size relative to its votes (TVL / # of Votes, see last column in the above chart), we are able to determine the $$$ in pool size per 1 vote in $SOLID emission...

Read 5 tweets

JasonK 🧑‍🌾

@Jasonnotjayson_

Feb 20

@solidlyexchange

Update on the $SOLID launch, $OXD & #solidly (@solidlyexchange $SEX) partnerships, and the game plans of all 25 protocols that have received the initial allocation
🧵...

#Fantom $FTM @FinanceFirebird @kamikaz_ETH @KingsFantom @wagmiAlexander @BillyBobBaghold

@0xDAO_fi

1/The 2 major accumulators are 0xDAO (@0xDAO_fi) and Solidly (@solidlyexchange)

0xDAO Party
- 7.4mn $SOLID staked or 37% of all allocation
- Members include: $OXD, $BOO, $TOMB, $SCREAM, Reaper Farm, $BEETS, $LQDR, $TAROT
- Currently, 6 of the 8 members have voted for own pools

2/ Solidly Party:
- 6.7mn $SOLID staked or 33.7% of all allocation
- Members include: $YFI, $WEVE, $CRV, $GEIST, $MULTI, $REN, $SPELL, and Saddle Finance
- Currently, no members have voted but the likely pools to be voted are:
- $WEVE - $USDC
- $GEIST - $FTM
- $MIM - $USDC

Read 9 tweets

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Share this page!

JasonK 🧑‍🌾

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @Jasonnotjayson_

JasonK 🧑‍🌾

JasonK 🧑‍🌾

JasonK 🧑‍🌾

JasonK 🧑‍🌾

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Like this author's thread?