1.

Let’s look at the possibility.

There is a real possibility that @THORSwap buys back $50m + of $thor from the liquidity pools in the next 12 months.
2.

If @THORSwap keeps a 25% market share of volume and volumes 3x that would be the approximate buyback rate. This isn’t a very agressive proposition considering the roadmap.

The inflation is 100% distributed to stakers until the may unlock, so is irrelevant.
3.

@THORSwap will also aggregate every major chain / tokens that’s not supported natively by Thorchain. This will also add volume.

What P&E multiple would you give it?

6x would mean 300 circulating market cap. That’s 7.69x from now.
4.

The reality is that the total volume of trading in crypto is $100b+ a day.

Capturing 1% of that would mean $1B in protocol revenues a year at 0.03% fees.

TAM is high.
5.

Another thing to keep in mind : It’s pegged/corrolated to $rune until the CEX listings (soon).

So if the $rune tides goes up, $thor comes up with it.
6.

This isn’t a price prediction, just a possibility / scenario.

I might eventually rotate back some $thor into $rune when it gets closer to market value to gear up for the nodes bond wars, right now I think $thor is still under valued at this level.

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More from @THORmaximalist

Mar 22
1.

Day 5/30 of @THORChain threads

Subject : Liquidity providing, using your assets to generate revenues
2.

I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread. Image
3.

Liquidity providing on @THORChain is a good way to put your assets to work and earn yield on them.

In the traditional world, the banks and financial services provider use your assets as collateral and generate extra yield on it.
Read 33 tweets
Mar 19
1.
Mini @THORChain thread

Subject : Testnet vs Stagenet vs Chaosnet Vs Mainnet
2.
@THORChain has been operating a testnet from day 1 to ensure proper testing of new features and updates.

However, the individual blockchains (eg $eth's testnet) did not behave at all like the real ones.

Eg. MEV bots, flashbots, empty blocks and other things
3.
This led to the creation of a stagenet. A testnet with real chains and real assets at stake.

Bug bounty contributors and whitehat hackers can test their theories in real life settings without attacking the real network.

Features can be tested in real life settings.
Read 8 tweets
Mar 19
1.

Day 4/30 of @THORChain threads

The basics of a multi chain decentralized exchanges : Swaps
2.

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.
Read 25 tweets
Mar 19
1.

Day 3/30 of @THORChain threads

Today : Value capture. Why utility and tokens price don't always go hand in hand and why this benefits $rune

TDRL : We have no comparables for tokens that capture value as a core feature of their mechanism like $luna and $rune
2.

I will randomly give away a @ThorGuards NFT from my vaults among everyone who retweet the first part of the thread.

(This is a random one, one given might be different)
3.

In real free market capitalism, the most efficient industry has an economic profit that equals zero.

DEFI is the most efficient free market I have witnessed. Almost everything is open source and can be forked almost immediately. This pushes competition and innovation.
Read 31 tweets
Mar 17
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.
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.
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.
Read 8 tweets
Mar 17
1/7

Thursday Alpha drop :

We are on the eve of. the $luna integration. It's the first Cosmo tokens listed on @THORChain.

A custom bifrost design has been created for this effect. It will be reused to integrate other @cosmos chains.
2/7

After the core team has created the BiFrost, it's then audited by ThorSEC (the internal adversarial security team), Halborn / Trailsofbit security firms and is in the hands of TerraSCV for a final audit along with bug bounty

Integrating cosmos assets will now be faster.
3/7

A @THORChain hardfork is needed to integrate $luna. It has been done successfully on the stagenet (Thorchain's live testnet).

It should go live on mainnet (still chaosnet beta) within hours/days.
Read 7 tweets

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