- We are assuming an optimal balance of 2:1 b/w Bonded RUNE:Pooled RUNE (Incentive Pendulum).
- 1:1 balance b/w RUNE:Non-RUNE in Liquidity pools (AMM structure).
This means every extra $1 in non-RUNE creates demand for $3 in RUNE.
A total increase of $4 in Liquidity.
1) $2 Billion TVL [Bonded + Pooled]
$2Bn total TVL means $1Bn in Liquidity pools.
Half of that is in non-RUNE, thus $500 million.
Other way: The non-RUNE TVL would be 1/4th of total TVL, thus $500 million.
Deterministic Price:
(3*500 million) / 300 million = $5
TVL in THORChain is ~378 million dollars [Bonded + Pooled].🔻~17% this month.
2) Total Liquidity in Pools
Total Liquidity in all pools is ~181 million dollars.
With this, THORChain DeFi TVL Rank has reached spot 122 (as per @DefiLlama ).🔻13 Spots this month.
1⃣ V0.73.0 was pushed on ChaosNet
2⃣ @THORChain faced a consensus failure. Fix in progress.
3⃣ Node Churn took place and Fund cap was reached.
4⃣ @monero integration is in works.
5⃣ @ThorWallet token $TGT’s IDO details were released. Happening on 15th and 17th November.
6⃣ @xdefi_wallet postponed their IDO to 15th November.
7⃣ @xdefi_wallet integrated @anchor_protocol in their wallet for direct $UST deposit and earn.