1/5
Here's simple math why I think @THORSwap is undervalued.
The mechanism to to buyback with 75% of fees and redistribute to $vTHOR stakers will be enabled with the launch of V2.
Fees generated could by the protocol could be 3.375m next month, with the standard 0.3% DEX fees.
Here's simple math why I think @THORSwap is undervalued.
The mechanism to to buyback with 75% of fees and redistribute to $vTHOR stakers will be enabled with the launch of V2.
Fees generated could by the protocol could be 3.375m next month, with the standard 0.3% DEX fees.
2/5
That buyback alone represents 20%+ slippage in the pool in a month alone. $thor isn't denominated in $usd, it's denominated in $rune. It trades against it and the ratio of $rune VS $thor represents the value.
If $rune goes up, $thor follows.
It's a leveraged bet.
That buyback alone represents 20%+ slippage in the pool in a month alone. $thor isn't denominated in $usd, it's denominated in $rune. It trades against it and the ratio of $rune VS $thor represents the value.
If $rune goes up, $thor follows.
It's a leveraged bet.
3/5
My theory includes the launch of the $eth DEX aggregator and the launch of $luna / $ust. I'm doubling today's volume.
Thorswaps accounts for roughly 25% of all TXs on @THORChain. The rest is arb bots and other interfaces. It might be a little lower because of synths.
My theory includes the launch of the $eth DEX aggregator and the launch of $luna / $ust. I'm doubling today's volume.
Thorswaps accounts for roughly 25% of all TXs on @THORChain. The rest is arb bots and other interfaces. It might be a little lower because of synths.
4/5
Rough maths :
37.5m a day real interface volume
0.03% fees
$3.375M in fees through the month.
The buyback sends the $thor price up 20%+ in the liquidity pool.
Rough maths :
37.5m a day real interface volume
0.03% fees
$3.375M in fees through the month.
The buyback sends the $thor price up 20%+ in the liquidity pool.
5/5
37.5m real interface volume a day is peanuts compared to the total addressable market of $thor.
The 1inch aggregator is doing $1bn a day on $eth alone, 26x times more.
Thorswap will aggregate $eth and IBC before we know, and will connect to every other chains with bridges
37.5m real interface volume a day is peanuts compared to the total addressable market of $thor.
The 1inch aggregator is doing $1bn a day on $eth alone, 26x times more.
Thorswap will aggregate $eth and IBC before we know, and will connect to every other chains with bridges
I saw the internal roadmap of the integration of Thorswap, they will add so many chains in the next 6 months, literally all of DEFI will be connected. Bridges and DEXes will be used when a direct route through Thorchain isn't avaliable.
It's a 50 people team building non stop.
It's a 50 people team building non stop.
Note : If you guys enjoy theses threads, plz share them. I'm not paid by anyone for this, I just want to see the possibility of a fully decentralized money system come to fruition and I think @THORChain has a core role in it, along with $luna, $btc and $eth.
6/5
What about the FDV ?
1. No unlocks until may
2. Staking captures bigger share of inflation, you grow your share of protocol compared to liquidity providers and free floating holders.
3. Tokenprice could go down because of inflation and market cap up, you'd still benefit.
What about the FDV ?
1. No unlocks until may
2. Staking captures bigger share of inflation, you grow your share of protocol compared to liquidity providers and free floating holders.
3. Tokenprice could go down because of inflation and market cap up, you'd still benefit.
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