1) Objective: Create a relatively more efficient method of banking compared to the traditional banking world.
2) Ecosystem information: Comparing both worlds, within the BNPL ecosystem, Node Operators (NOs) are ‘Banks’, BNPL tokens are like bank equity/shares, Stakers are like shareholders. Thus, the more stakers staking tokens, the more equity in the NOs = lower credit risk for lenders.
A very interesting project to tackle the ‘long-tail’ assets for the @THORChain network.
TS team feel free to correct anything I’ve mentioned :)
1. What is it?
a. Thorstarter (TS) appears to reflect features of an early stage venture cap (VC) fund, whereby portfolio managers (Council of Asgard) are tasked with vetting portfolio (launchpad) projects to invest in.
b. Portfolio projects will be those deemed beneficial to driving value to @THORChain .
I’ve finally finished my 4-month pilgrimage of accumulating $RUNE. I see four simple drivers for holding a position in @thorchain_org which are adaptions from my position in @synthetix_io
Single chain chaosnet is close and multi-chain chaosnet Q4! Gametime 🚀🚀
1. Tokeneconomics – There is some form of intrinsic value (IV) to $RUNE, being multiples of the value locked within the network. More value locked = increase in $RUNE IV. How this plays out in free-markets is still untested, although the presence of determinism is attractive.
SNX adaption: SNX has IV by fees being generated in the Synthetix network. Increase in trading fees = increase in IV of $SNX