I am nothing and yet everything,
noone and yet everyone.
Insignificant and yet relevant.
It is all about balance...
Just wish I could figure that shit out!
User swapped $30M and got MORE than expected⚡️
User initiated: 323 BTC → ETH swap ($30M+)
THORChain pools had approximately: ~2,500 ETH
Not nearly enough liquidity for a single massive swap.
The Solution: Streaming Swaps + Arbitrage
Instead of one trade that would destroy the price, the swap was broken into 3,608 smaller swaps executed every 2 THORChain blocks over 13 hours.
Why every 2 blocks instead of every block?
@SwapKitPowered (the integration toolkit that @TrustWallet uses to connect to THORChain) chose this interval to give arbitrage bots enough time to:
1. Spot the price difference on THORChain
2. Buy cheaper assets elsewhere
3. Add liquidity to THORChain pools
4. Profit from the price gap
The protocol incentivizes arb bots to become the liquidity exactly when it's needed.
Quote (including all fees): 9,192.55 ETH
Actually received: 9,240.64 ETH
User got 48 MORE ETH than quoted.
During the 13 hour swap, ETH/BTC price dropped 1.93% on external markets. The streaming execution captured this price movement in the user's favor.
Most DEXs and bridges fail at scale because they're limited to whatever liquidity sits in their pools.
THORChain's design makes arbitrage profitable, so bots automatically provide liquidity exactly when needed. The bigger the swap, the more profitable the arb, the faster pools get rebalanced.
Good evening.
It took approximately 205 years for the US Treasury to accumulate its first trillion dollars of debt. The 38th trillion? Just 71 days.
Have a great night.
@1984_is_today@THORChain Hyperliquid is a great product, but it's for gambling
Thorchain is a messy protocol, but it's actually important technology for permissionless finance
The latter is the more noble project
@FelisNorwegicus@THORCommunity@BooneW I don't know what I am thinking, but I agree with you on the security front. In order to attract those who aren't full on defi degens, there needs to be something that attracts. Once they are in, they will realize how good they have it. What you are proposing makes sense ✌️
#ThatsWeird
If you have a conscience, you need #Bitcoin.
Thank you @jackmallers for being vulnerable, for being honest, and for being responsible. There is hope!
https://t.co/FIAQzQGSPZ
The YouTube channel has been reinstated! Thank you all for the overwhelming swell of support, that was unreal. Let's fix the problem:
Subscribe on @rumblevideo
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Looks like someone noticed. Thanks for keeping the pressure on everyone. In order to educate newcomers effectively, I need to be present where the average person consumes their media - for better or worse.
The official @TeamYouTube@YouTube@YouTubeCreators explanation for the removal of 9 years of in depth tutorial content that has been consumed by 16 million people.