Here's what I learned about THORChain and the best resources I've found to read more about it. π
A thread π§΅π
@THORChain is a decentralized cross-chain automated market maker (AMM) that allows users to trade spot Tokens across blockchains.
It allows users to trade in the native asset, not a synthetic wrapped version like #wBTC.
Trading over centralized exchanges presents risk through:
β counterparty risk
β the time that it takes to send assets to #CEX and withdraw again
β forced seizure of assets through regulators or governments
β hacks
Here are the top things I've learned from him. π
A thread 𧡠π "imagine letting n***** outwork you"
1. His background
He's a trader, researcher, analyst and shares his profound views on Substack and #Twitter@blknoiz06
Held #Altcoins when they crashed during the last cycle and wasn't all in crypto afterwards, until he realized how much money he was leaving on the table. π°
He missed the #DeFi summer, because he wasn't paying attention in Bearπ». As he saw the 2017 cycle, he wanted to fully take advantage of the next bull runπ.