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FamiliarCow Profile picture
FamiliarCow
@familiarcow
Building @THORChain @ninerealms_cap
Jul 13, 2022 • 11 tweets • 3 min read
Do you know how the value of assets in @THORChain's pools affects $RUNE's price?

It's called deterministic value.

Here is RUNE's price broken down 🧵: Image Non-RUNE Assets in the THORChain liquidity pools have a direct effect on the pricing of $RUNE.

For ever $1 in BTC on the network, $1 in RUNE must be paired with it. The nodes that secure the network must also provide at least $1 in RUNE for security.
Feb 19, 2022 • 13 tweets • 4 min read
One thing that LUNAtics need to know about @THORChain is how it can protect the $UST peg. 🧵👇 (1/13) THORChain does not actually know the prices of any asset nor does it use an oracle for a price feed. Prices are all derived natively on chain using a special mechanism (2/13)