THREAD on #THORChain $RUNE (BASICS) 🧵⚡️
@THORChain is a Cosmos protocol for swapping crypto’s like #BTC and #ETH across blockchain networks. Ppl like to call it Rune like it’s native coin $RUNE since its easier.
GM fellow $RNDR holders!!
As I said yesterday, the bottom of the accumulation zone is a great #RNDR buying opportunity.
And $RENDER recovered perfectly from the bottom yesterday.
Like this post if you think this is the $RENDER bottom before the next uptrend!
🚨BREAKING: $RNDR just reached $8 again after dropping to $5.50 yesterday!
$RENDER All Time High is $8.76, can it be broken today?
Like if you're hyped for a new $RNDR ATH!🚀🌕
ThorChain has gained A LOT of attention recently with the launch of Stream Swaps and Lending! 🚀
The native token $RUNE rallied from $.90 to $1.85
A healthy pullback occurred, are we are currently building support at $1.45
If you've been thinking about buying $RUNE , here's how to do it.
Step 1. Create an XDEFI Wallet
Step 2. Transfer Funds Into Your XDEFI Wallet
Step 3. Use the Swap Feature Within Your XDEFI Wallet
It's that simple!
Using a non-custodial wallet like XDEFI, offers you full control over your seed phrase, private keys and assets (including NFTs)
I'll drop my referral link to set up an XDEFI wallet below.
The Nodes must bond "twice" the value of pooled non-RUNE assets.
A 200% Collateralization Ratio for economic security (making stealing unprofitable).
In simpler terms, the "Active Bonded $RUNE " to "Pooled Non- $RUNE " ratio is 2:1.
At present, the non-RUNE assets in the liquidity pools are worth roughly $58 Million USD.
It's a bit over-bonded, mainly due to the recent $RUNE price action.
@THORChain #THORNodes
$RUNE holders have displayed strong conviction since the Streaming Swaps launch.
Currently sitting at $1.75.
Looks like they're unfazed by the broader market's behaviour. They are here to hodl and reap the expected benefits of Lending launch this upcoming Tuesday.