Congrats to @THORChain core team, @ninerealms_cap, the 100 nodes operators that are monitoring the network 24-7 and have millions invested in the security of the network..
This feels like such a big milestone right now. The goal is to integrate a new chain every few weeks after that and it feels attainable.
@terra_money@THORChain@THORSwap@ninerealms_cap The biggest challenge will be to onboard 200m $rune into nodes collateral, the focus will shift toward that. I feel like the path is clear to get to 120m but we will need to scale the numbers of node after that.
The historical importance of this day cannot be understated.
We are at the crossroad. We are very close to a fully viable self banking ecosystem, separating state and money.
$rune x $luna x $ust
2.
A decentralized stablecoin is the cornerstone of DEFI. Without it DEFI would not see adoption.
From this day forward, there is no reason why $ust will not be the first stable to reach a trillion dollar in market cap.
Everything else is censorable.
3.
Today's inclusion on @THORChain ensures accessibility to $ust from any other digital asset, in a trustless, permissionless and censorship resistant setting.
The liquidity pools will add liquidity at the peg.
Can't wait to see where the future takes us @stablekwon
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.
3.
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.
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.