THORchain.BULL 🌔 Profile picture
One goal : Separate money & state.
Kevin Benoit Profile picture 0xSalmonee Profile picture TigerZ Profile picture CryptoNaut 🌑 Profile picture Cryptochar Profile picture 6 added to My Authors
May 23 6 tweets 2 min read
1.

Here’s what the community wants:
- Self repaying loans from yield
- 0% interest over collateralized lending. Making liquidations or POL capture would be acceptable
- Synths
- Multi chain synths
- Single side yield bearing assets
- Single side LP with an asset counter party 2.

- Limited dept multichain curve style pools with no slippage. L1 to L1 native cuve. (Using $tor 1:1 in both pools)
- A multichain decentralized overcollateralized stablecoin : $tor

Etc
May 21 12 tweets 3 min read
Some thoughts on $luna and @stablekwon :

The guy has not consulted his lawyers, he’s been available 24/7 in the builders war room The goal of $luna was to create a real decentralized stable. The experiment failed. My feeling is the team was mission.

Let’s give some time to release data before throwing shit at the wall.
May 20 4 tweets 1 min read
Just did a little shopping :
25 $eth
20k $rune
50k $thor

This is a small % of my sidelined bag. This might be a false alarm but the market is betting that the FED backs off with the small pox.

Long term bond interest rate went down today. Why $thor ?
Because it's trading just a little bit above 2x revenues and has high growth potential and a good team.

Why $rune ?
Because it's the ONLY decentralized way to swap assets.
May 19 8 tweets 2 min read
1.

$luna fork :

- Conversation was lead by builders in the drivers seat, @stablekwon helped coordinate efforts & align incentives

- @terra_money (TFL) blacklisted their wallet, they won’t be getting an allocation.

- TFL / Do won’t vote on the proposal. 2.

Someone asked for screenshot proof. This is from the builders telegram. ImageImage
May 16 28 tweets 8 min read
1/25

$luna war room update & thoughts.

I was waiting for TFL to broadcast it's balance sheet status to write this. 2/25

When $luna was about to go into hyper inflation, it was pretty clear to me that the exit liquidity was not going to be enough to restore the peg.

I suggested we save what's of value and distribute it fairly to all holders.

May 15 5 tweets 2 min read
1. Let’s play : l you have a constant $btc’s market cap of $500B, the approx security budget is :

Now : 10B
2024 : 5B
2028 : 2.5B
2032 : 1.25B
2036 : 625M
2040 : 312M
2044 : 156M
2048 : 78M

The tx fees are negligible and will continue to be

Incentives will fail to secure 2.

The the cost of a 51% attack keeps lowering over time VS the value if secures.

Some people did everything they could to keep $btc in it’s original form despite Saitoshi expecting it to evolve.

Low block sizes, low tx capacity, no coloured coins / smart contracts etc.
May 11 12 tweets 2 min read
1.

I will get a lot of hate for this.

I'm voting no on the Terra proposal to allow more mint & burn.

This proposal will not create exit liquidity, it will create an inflationary death spiral for $luna.

The people who delegated $luna to me will get dilluted to death. 2.

Terra as a blockchain has some value. There are a lot of innovatives protocols with great UI and UXs.

Right now $ust represents debt on that value. There's over $17B of debt.

It cannot possibly service that debt, it's mathematically impossible. It's bankrupted.
May 11 7 tweets 2 min read
1.

Keeping it real :

What happened to algo stables when they failed ?

A death spiral to 0.

A lot of influent people on CT are selling hopium. Image 2.

Minting more $luna will not create exit liquidity out of thin air.

The only way you can cashout $luna and $ust is if another entity buys your bag.

There is nobody coming to bail this out. There is no upside.
May 11 8 tweets 2 min read
1.
Real talk from a lunatic to others, with love.

If $luna dips under $10, we're likely to see $1 luna before $1 ust.

There's not much anyone can do.
There's $200m+ of liquidations in front of us under $10 and not many visible bids on exchanges.

This is a sad day. 2.

$ust is backed by the value of the Terra blockchain.

While it has many great valuable protocols built on it, the size of the debt is bigger.

To move forward, $luna will likely need restructuration.
Mar 27 9 tweets 3 min read
1.

Day 14/30 of @THORChain threads

Subject : Impermanent loss protection explained 2.

I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread.
Mar 27 27 tweets 7 min read
1.

Day 13/30 of @THORChain threads

Subject : Nodes

Why is @THORChain the only blockchain to over collateralize every asset secured by the network ? 2.

I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread.
Mar 26 23 tweets 6 min read
1.

Day 12/30 of @THORChain threads

Subject : Why $rune acts a leveraged long index token with no liquidation risks.

Today : $rune, the asset 2.

I will give a random @ThorGuards from my vault among everyone who retweets the first part of the thread.
Mar 26 7 tweets 4 min read
@THORChain is the counter balance to financial tyranny.

✅ Permissionless
✅ Censorship resistant
✅ Decentralized

Video : The general manager of the BIS telling us we will need permission to spend our own money and will have no privacy. @THORChain This is coming to your country soon.

The Bank for International Settlements is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks".

en.wikipedia.org/wiki/Bank_for_…
Mar 26 6 tweets 8 min read
1. I have a lot of winners to make

5x rune pass : 300 $ust + 50 $rune
You will get contacted

The Winners 🏆
@mtzo81
@TheCaveman91
@EdGorefilia
@jonreligioso
@CrypSand

✔️ twitterpicker.com/d/b2y2wh9z 2.

1 : @ThorGuards, msg me with your ETH address

Day 1 :
Winner 🏆: @IchaannisamCha
✔️ twitterpicker.com/d/v39w49rz

Day 2 :
Winner 🏆: @JonSnow781
✔️ twitterpicker.com/d/hktk29tu

Day 3 :
Winner 🏆: @cesar_megadeth
✔️ twitterpicker.com/d/6sfnta2y
Mar 26 15 tweets 4 min read
1.

Day 9/30 of @THORChain threads

Subject : Lending and borrowing on DEFI

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 be able to get a IDO whitelist spot or resell the NFT to someone who wants one.
Mar 25 4 tweets 1 min read
1.

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.
Mar 25 13 tweets 3 min read
1/13

What is @BrokkrFinance ?
The first protocol to build investment strategies on @THORChain synths is here.

The IDO is coming up, small overview.

Retweet giveaway : 5 Brokkr NFTs for IDO whitelist.

⬇️🧵 2/13

First, here's ways you can participate in the IDO :

March 30-31 : Whitelist Sale
Accessible only for holders of Brokkr Whitelist NFTs. A snapshot of the holders will be taken on the 29th

Each NFT lets users buy up to $1,500 during the Whitelist Sale (2NFTs = $3,000 alloc)
Mar 24 6 tweets 7 min read
We are 6 to 8 hours from @terra_money going live @THORChain.

Swaps & liquidity providing will be available.

To celebrate this, I'm giving away +- $3500 in crypto :
5x Runepass worth 300 $UST + 50 $RUNE.

To enter, retweet and follow @THORSwap, @THORChain & @THORmaximalist. @terra_money @THORChain @THORSwap This is the culmination of so much pain and a hard work.

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..
Mar 23 29 tweets 8 min read
1. Day 8/30 of @THORChain threads

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.
Mar 23 20 tweets 5 min read
1.

Day 7/30 of @THORChain threads

Subject : Collateralized 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.
Mar 23 4 tweets 1 min read
1.

More details about Pooled THORNodes

This feature is now live. Nodes can start using and should report any issues if found.

* OperatorFee: 20%
* Providers Per Node: 6

Flow:
1) Operator does BOND:nodeAddress:providerAddress with optional RUNE bond. First tx is the operator. 2.

2) Provider does BOND:nodeAddress with RUNE bond.
3) Bond/Unbond only whilst Node is standby
4) Operator can do UNBOND:nodeAddress:amount:providerAddress to kick off a provider and return their bond
5) Provider can do UNBOND:nodeAddress:amount to collect bond