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THORchain.BULL 🌔 Profile picture
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Mar 23 • 4 tweets • 1 min read
1.
More details about Pooled THORNodes

This feature is now live. Nodes can start using and should report any issues if found.

* OperatorFee: 20%
* Providers Per Node: 6

Flow:
1) Operator does BOND:nodeAddress:providerAddress with optional RUNE bond. First tx is the operator.
2.
2) Provider does BOND:nodeAddress with RUNE bond.
3) Bond/Unbond only whilst Node is standby
4) Operator can do UNBOND:nodeAddress:amount:providerAddress to kick off a provider and return their bond
5) Provider can do UNBOND:nodeAddress:amount to collect bond
3.
6) Fees distributed into the bond every churn

docs.thorchain.org/thornodes/pool…
4.
I got a few bonding slots open if 100k+ hodlers want to earn single side on their $rune. DM me.

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More from @THORmaximalist

THORchain.BULL 🌔 Profile picture
Mar 23
1. Day 8/30 of @THORChain threads

Subject : 3rd gen stables - Algorithmic stablecoins

This is pre-requisit knowledge for understanding the THORfi breakdown 🧵 ⬇️
2.
Contest :
I will give away TWO Brookr NFTs among everyone who retweets the first part of the thread.

@BrokkrFinance is having it's token launch event soon. Holders will get a $bro token airdrop.
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Defi summer of 2020 saw the explosive beginning of a parallel financial system. Complexity of smart contracts began to be explored with the interest of copying traditional finance functions and some novel ones.
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THORchain.BULL 🌔 Profile picture
Mar 23
1.

Day 7/30 of @THORChain threads

Subject : Collateralized stablecoins

This is pre-requisit knowledge for understanding the THORfi breakdown 🧵 ⬇️
2.
Contest :
I will give away TWO Brookr NFTs among everyone who retweets the first part of the thread.

@BrokkrFinance is having it's token launch event soon. Holders will get a $bro token airdrop.
2.
The first generation of stablecoins are backed by FIAT. $usdc and $usdt are part of this. They are centralized, they censor transactions and address centrally. They are subject to regulatory capture. Not the best asset to build DEFI on.
Read 20 tweets
THORchain.BULL 🌔 Profile picture
Mar 22
1.
Network scalability update :

One of the biggest challenge for @THORChain will be to bond +- 200m $rune in nodes collateral to allow for cap free pools.

Nodes just voted for weighted rewards proportional to bond value through mimir governance.

This is good timing.
2.
We reached the temporary maximum node count while 13 nodes waiting to churn in. This would have created a situation where nodes with $400k $rune would have been excluded.

The weighted bond will allows operators who have 2 or more nodes to consolidate and free up spots.
3.
A new feature : Whitelisted bonding addresses.
While delegating capital to nodes is not 100% trustless, a few trusted parties can now bond together in a single node.

The main node operator should always have more skin in the game than bonders to keep this honest.
Read 4 tweets
THORchain.BULL 🌔 Profile picture
Mar 22
1.

Day 6/30 of @THORChain threads

Subject : The minimum deterministic value of $rune.

Why it captures so much value and why Thorchain's capital inefficient design will enable the creation of the most capital efficient protocols in DEFI
2.
I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread.
3.
@THORChain as a network is always over collateralized.

Node operators that secure it have to post more $rune in bonds as collateral than the total security of the network.

This is, as far as I know, 100% unique to Thorchain.
Read 18 tweets
THORchain.BULL 🌔 Profile picture
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.
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.
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THORchain.BULL 🌔 Profile picture
Mar 20
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.
Read 6 tweets

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