2.
I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread.
I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread.
3.
@THORChain is the first multichain DEX.
The end goal is to enable users to trade any digital asset on any blockchain for one another, without permission, trust or possibility of censorship.
It's the only DEX where you can swap L1 $btc for L1 $eth in a decentralized way.
@THORChain is the first multichain DEX.
The end goal is to enable users to trade any digital asset on any blockchain for one another, without permission, trust or possibility of censorship.
It's the only DEX where you can swap L1 $btc for L1 $eth in a decentralized way.
4.
It currently supports the following L1 chains : Bitcoin, Ethereum, Litecoin, Dogecoin, BEP2, BCH
@terra_money, @Dashpay, @HavenXHV and @monero will be integrated soon, followed by every major blockchain through the year.
What's likely coming next :
It currently supports the following L1 chains : Bitcoin, Ethereum, Litecoin, Dogecoin, BEP2, BCH
@terra_money, @Dashpay, @HavenXHV and @monero will be integrated soon, followed by every major blockchain through the year.
What's likely coming next :
https://twitter.com/0xSmith/status/1498116566990401540?s=20&t=EC-JRNOWFyEgn0v4zqtYYQ
5.
To swap assets you need to have a wallet addresses for each blockchains and to connect the sending wallet and receiving address on a @THORChain interface.
There are multiple frontends built on top of @THORChain users can use based on their personal preferences.
To swap assets you need to have a wallet addresses for each blockchains and to connect the sending wallet and receiving address on a @THORChain interface.
There are multiple frontends built on top of @THORChain users can use based on their personal preferences.
6.
Here is a list of interfaces you can use :
@THORSwap, @Defispot, @ShapeShiftCOO, @RangoExchange, @THORWalletDEX, @SKIPswap, @BrokkrFinance, @asgardex @dragonsdex.
Here is a list of interfaces you can use :
@THORSwap, @Defispot, @ShapeShiftCOO, @RangoExchange, @THORWalletDEX, @SKIPswap, @BrokkrFinance, @asgardex @dragonsdex.
7.
Wallets are generally built to hold a single chain.
@TrustWallet and @xdefi_wallet are the leading multichain wallets.
I recommend the @xdefi_wallet wallet. Note :enable all chains before connecting, otherwise it might give you an error.
You can connect a ledger to it
Wallets are generally built to hold a single chain.
@TrustWallet and @xdefi_wallet are the leading multichain wallets.
I recommend the @xdefi_wallet wallet. Note :enable all chains before connecting, otherwise it might give you an error.
You can connect a ledger to it
8.
The swap fees are 0.02 $rune tokens and the cost of slippage. The bigger the transaction proportional to the pool size, the higher the fees will be.
Each interface might or might not charge extra fees on top of that.
The swap fees are 0.02 $rune tokens and the cost of slippage. The bigger the transaction proportional to the pool size, the higher the fees will be.
Each interface might or might not charge extra fees on top of that.
9.
The highest volume interface is currently @THORSwap. Each interface can have other value adds like fiat onramp and offramp and other services.
The highest volume interface is currently @THORSwap. Each interface can have other value adds like fiat onramp and offramp and other services.
10.
@THORSwap are integrating an aggregator to connect smaller assets that are not listed directly and other chains that are currently unavail. They expect to connect all the major L1s and their DEXes before end of year, using available bridges and other tools.
@THORSwap are integrating an aggregator to connect smaller assets that are not listed directly and other chains that are currently unavail. They expect to connect all the major L1s and their DEXes before end of year, using available bridges and other tools.
11.
The $rune token utility is to secure the network.
Nodes are required to have more collateral than liquidity on the network. They have no rational economic incentives to collude.
Every liquidity pair is trading with $rune, that allows nodes bond to capture value.
The $rune token utility is to secure the network.
Nodes are required to have more collateral than liquidity on the network. They have no rational economic incentives to collude.
Every liquidity pair is trading with $rune, that allows nodes bond to capture value.
12.
Thorchain will have a vertically integrated DEFI services stack soon. Synths are already online, they act like an L2 on top of the original assets, allowing the users & arbitrageurs to trade faster and cheaper, skipping paying the L1 fees.
Thorchain will have a vertically integrated DEFI services stack soon. Synths are already online, they act like an L2 on top of the original assets, allowing the users & arbitrageurs to trade faster and cheaper, skipping paying the L1 fees.
13.
Thorchain has it's own L1 blockchain that purely specializes in decentralized swaps. There will never be 3rd party smart contracts protocol built on top of it.
Because of that, it theoretically could do 300 swaps per seconds right now, VS 15 for $eth.
Thorchain has it's own L1 blockchain that purely specializes in decentralized swaps. There will never be 3rd party smart contracts protocol built on top of it.
Because of that, it theoretically could do 300 swaps per seconds right now, VS 15 for $eth.
14.
Value extraction from bots and front runners is a big problem on most DEXes. Having it's own blockchain allows that problem to be mitigated.
There is no value extraction opportunity from bots frontrunning trades on Thorchain, even if they are using synths.
Value extraction from bots and front runners is a big problem on most DEXes. Having it's own blockchain allows that problem to be mitigated.
There is no value extraction opportunity from bots frontrunning trades on Thorchain, even if they are using synths.
15.
Transactions are ordered by size. If I remember correctly the biggest transactions get processed first in the blocks. Nodes cannot reorder the transactions and you cannot front run others by paying a higher gas fee. You cannot be sandwich attacked.
Transactions are ordered by size. If I remember correctly the biggest transactions get processed first in the blocks. Nodes cannot reorder the transactions and you cannot front run others by paying a higher gas fee. You cannot be sandwich attacked.
16.
Like any AMM liquidity pools, arbitrageurs rebalance the pool to reflect correct asset prices. This has no negative impact for swappers.
Like any AMM liquidity pools, arbitrageurs rebalance the pool to reflect correct asset prices. This has no negative impact for swappers.
17.
Thorchain has a unique feature : You can input conditional orderbook buy orders.
Example : buy $btc when it reaches $39000
Thorchain has a unique feature : You can input conditional orderbook buy orders.
Example : buy $btc when it reaches $39000
18.
Centralized exchanges are limited by the liquidity available at the time of the order. Thorchain's design is continuously buying and selling every assets through it's automatic incentivized liquidity pools.
That makes every asset more liquid and less volatile.
Centralized exchanges are limited by the liquidity available at the time of the order. Thorchain's design is continuously buying and selling every assets through it's automatic incentivized liquidity pools.
That makes every asset more liquid and less volatile.
19.
Along with Synths that allow for faster and cheaper trading while keeping the ability to withdraw real L1 assets, this will allow for the creation of an orderbook style trading interfaces similar to CEXes. (making them obsolete)
Along with Synths that allow for faster and cheaper trading while keeping the ability to withdraw real L1 assets, this will allow for the creation of an orderbook style trading interfaces similar to CEXes. (making them obsolete)
20.
The total market cap of CEXes corporations exceeds $300B. @THORChain would capture WAY more value.
I read that Coinbase had $400B in users deposit. The minimum deterministic market cap of $rune would go up by $600B if it was holding these deposits.
The total market cap of CEXes corporations exceeds $300B. @THORChain would capture WAY more value.
I read that Coinbase had $400B in users deposit. The minimum deterministic market cap of $rune would go up by $600B if it was holding these deposits.
https://twitter.com/THORmaximalist/status/1503438975561875467?s=20&t=N2VB3ESY7FtS-IL8BtTP2g
21.
We are entering in a new paradigm with tokens that have value capture as a feature and psychological anchoring makes it hard to see the scope of what is possible with this new asset class.
We are entering in a new paradigm with tokens that have value capture as a feature and psychological anchoring makes it hard to see the scope of what is possible with this new asset class.
22.
If you want to visualize it, input $400B of value in the deterministic value visual tool. Now imagine if crypto 10xs from here.
thorchain.org/fr/getting-sta…
If you want to visualize it, input $400B of value in the deterministic value visual tool. Now imagine if crypto 10xs from here.
thorchain.org/fr/getting-sta…
22.
This thread will self destruct in 30 days, as do all my tweets. Share it and spread the knowledge, save it if you need to get back to it.
You can use any content you see here as your own.
This thread will self destruct in 30 days, as do all my tweets. Share it and spread the knowledge, save it if you need to get back to it.
You can use any content you see here as your own.
23.
If you have any questions, feel free to ask them I will try to answer all of them.
If you like my content, please delegate to my 0 fees $luna node :)
If you have any questions, feel free to ask them I will try to answer all of them.
If you like my content, please delegate to my 0 fees $luna node :)
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