Here are the top 10 things you need to know about #THORChain
I recently wrote a long 101 on #THORChain & $RUNE. Here is the TL/DR
A thread 🧵👇
I recently wrote a long 101 on #THORChain & $RUNE. Here is the TL/DR
A thread 🧵👇
1. The crypto world is becoming multi chain, but multi chain infrastructure is still lacking. This will be key in the coming months/years
2. THORchain is a cross chain AMM. It wants to be the chain exchange that bridges the gaps in the multi chain, immutable world.
2. THORchain is a cross chain AMM. It wants to be the chain exchange that bridges the gaps in the multi chain, immutable world.
3. Devs can choose the chain of their choice and use #THORChain to fuel liquidity from popular chains like ETH
4. THORChain supports native tokens across many chains & fulfills the role of a decentralized exchange
4. THORChain supports native tokens across many chains & fulfills the role of a decentralized exchange
5. THORChain uses liquidity pools and the native token $RUNE to facilitate exchanges. The total RUNE supply is 500,000,000.
6. Synthetic assets are now available on #THORChain
6. Synthetic assets are now available on #THORChain
7. #ThorFi is coming soon. Users will be able to get the stablecoin THOR.USD, lend, borrow and earn yield on the stablecoin & certain bluechips
8. #THORChain allows users to earn yield on real bitcoin.
This yield is way higher than that of the measly yields centralized exchanges give users on #BTC. This gives #THORChain some of the deepest BTC pools.
This yield is way higher than that of the measly yields centralized exchanges give users on #BTC. This gives #THORChain some of the deepest BTC pools.
9. 2022 is the year for cross chain infrastructure. Moving between chains is a pain. #THORChain is making this super easy.
10. They’ve been pushing a lot of cool features, updates and partnerships, including partnerships with chains like #Terra.
10. They’ve been pushing a lot of cool features, updates and partnerships, including partnerships with chains like #Terra.
8. Here is my full #THORChain 101:
If this was useful, please consider retweeting it!
https://twitter.com/Cov_duk/status/1501801529916887042
If this was useful, please consider retweeting it!
9. #THORChain accounts to follow:
@crypto_stevie @ChadThoreau @ConwellsClub
@JaneDButterfly @THORmaximalist @THORChain
@AkuRypto @itsloganshippy @RuneMaxi @GrassRootsio @crypto_magix @BitStern
@THORWalletDEX @Mastermined710 @THORChadsDAO @0xSmith
RT would mean a lot!
@crypto_stevie @ChadThoreau @ConwellsClub
@JaneDButterfly @THORmaximalist @THORChain
@AkuRypto @itsloganshippy @RuneMaxi @GrassRootsio @crypto_magix @BitStern
@THORWalletDEX @Mastermined710 @THORChadsDAO @0xSmith
RT would mean a lot!
10. #THORChain accounts to follow:
@TheRuneRanger @CBarraford @CryptoVillain_
@Bull_Sander @Asian0xV @TehSlaw @NicolasFlamelX
@crypto_magix @RimaSabila @THORChainLPU
@Jatinkkalra @THORNOOBs @runebase_org
@thorstarter @m0nkey_space @Cryptofriendlyy
RT would mean a lot!
@TheRuneRanger @CBarraford @CryptoVillain_
@Bull_Sander @Asian0xV @TehSlaw @NicolasFlamelX
@crypto_magix @RimaSabila @THORChainLPU
@Jatinkkalra @THORNOOBs @runebase_org
@thorstarter @m0nkey_space @Cryptofriendlyy
RT would mean a lot!
Hope this was insightful, a retweet would help a lot.
I regularly write 101s and deep dives, follow to keep up.
Here are my past threads: notion.so/covduk/4798517…
I regularly write 101s and deep dives, follow to keep up.
Here are my past threads: notion.so/covduk/4798517…
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