@EvmosOrg is both #IBC connected as it is #EVM compatible. This means dApps written in Solidity (the @ethereum coding language) can launch in @cosmos ecosystem without having to change their code!
2./ Why does this matter? Well, just compare the number of protocols of the top-5 EVM compatible chains with the top-5 non EVM compatible chains. I think @EvmosOrg could be the trigger for many protocols to start migrating to @cosmos.
1./ Probably youβve seen some tweets about the $RUNE deterministic price. What is it and why should you care? π€·ββοΈ
Letβs dive into $RUNE, an asset with one of the greatest value captures out there! π
2./ $RUNE is @THORChain's native token. @THORChain is a cross-chain liquidity protocol. Because of its design, $RUNE always has a minimal value. This minimal value is the deterministic price.
3./ @THORChain is designed in such a way that there always needs to be 3 times as much $RUNE locked in the protocol as there are non $RUNE assets. So for each dollar of $BTC added in a liquidity pool, three dollars of $RUNE needs to be locked.
1./ Although many people are bullish on $RUNE not everyone seems to get why itβs programmed to $100 and probably far beyond.
In this thread Iβll explain why @THORChain is a liquidity black hole and you probably want to accumulate more now itβs still cheap π§΅π
2./ First of all itβs important to know what @THORChain is. @THORChain is a decentralized liquidity network that enables swapping native assets against each other without using bridges. Next to this itβs possible to mint synths of native assets which will always keep their price
3./ But why is this important?
Currently going from one to the other chain requires centralized parties or trust. You can either use a CEX, which is centralized. Or you can use a bridge which requires trust. There are reasons why this is not the preferred way.
1./ Yesterday I already posted about the @ApolloDAO staking update, but today I want to explain why Iβm so excited in more detail.
Letβs have a look at $veAPOLLO! ππ§΅
I promise, you won't regret reading this π
2./ How do you get $veAPOLLO? What can you do with it? What would it mean for the $APOLLO demand, supply and price? Iβll try to answer all these questions.
3./ $veAPOLLO is the token youβll receive once you stake and lock your $APOLLO. However, itβs not a 1-on-1 trade. You can choose to lock your $APOLLO for 1 week to 2 years.
2./ First of all, I'm not saying $BRO is comparable to $LUNA or $RUNE. The only thing I want to explain is why $BRO is a token of which I think it has a great value capture.
3./ So why is it?
@BrokkrFinance managed to design the protocol in such a way that it generates a stream of income for itself which will be shared with $BRO stakers. And this stream of income is a growing mechanism.
2./ One of the most exciting things is that there is no #KYC needed to participate! However, people from the USA and Russia are excluded by the use of a geoblock.
3./ Because @BrokkrFinance tries to make this launch as fair as possible, there are no restrictions to participate. So you don't have to hold any tokens to be eligible.