codehans

wrangling the omniverse @ @RujiraNetwork

[codehans @codehans1]

PSA: I started here and I continue here in order to build products that make users’ lives better, create a fairer and more equal financial system, and most importantly build a system of ownership that can be accessed by those very same users.

These principles are what drew me to build on Ethereum in 2016, drove me out in 2017 when ICO mania was its (first, as it turns out) complete antithesis, and was the single foundational demand I made when I re-entered the space and we founded Kujira in 2021. It’s been our north star ever since.

It seems they’re being tested again.

Let me be clear, we have the conviction, the tools, the runway and the mandate to finally see this through and I do not plan on going anywhere else. We are fortunate though, we have an incredible mission-led team, and a shared experience, history and learnings from the last ~10 years of building on blockchains, and the resources to execute.

But tested they are. This isn’t some hype driven disillusionment like ICO mania, NFTs, hollow VC chains with inflated valuations, or meme coins. It’s easy to attribute those to hype, greed, the general human condition. Instead it’s a quieter, more insipid meta. Well respected teams selling out and abandoning token holders. Founders moving on without any regard to the communities and token holders that put them in that position.

I understand that markets and times are hard these days. I’m sure for some forgoing those core values in order to stay alive is justifiable. Unfortunately as the proverb goes - the road to hell is paved with good intentions.

However, through all of this, my original statement stands. We do this in the open, together, and for each other, or we don’t do it at all.

We continue ⚒️

[AngryGuru 🉐⚡️ 🍫 @AngryGuru]

@codehans1 Everyone deserves to be a whale

[codehans @codehans1]

@PixelCryptoIA @markfromdenmar_ Permissionless distribution > gated, permissioned app stores.

Embedded, secure wallets with @vultisig sdk in any browser with no private keys.

[codehans @codehans1]

As you asked so kindly

Time to go back to our roots 🐋

[codehans @codehans1]

@_Z3r0wTraders @PragmaticMonkey Everyone deserves to be a whale.

We must embody the true ideals of cypherpunk; create a fair and equal financial system that is accessible and ownable by anyone

[codehans @codehans1]

Team has absolutely cooked with this one

@cryptoslang1 @Math_3141592659 @Erudite3451 💪❤️

[codehans @codehans1]

As you asked so kindly

Time to go back to our roots 🐋

[codehans @codehans1]

@RaymondMontreal We build & ship come rain or shine. Always been the way, always will be

[codehans @codehans1]

The overwhelming urge to leak the incredibly shiny new stuff the teams’s been cooking ��😍😍

[codehans @codehans1]

Just @AaluxxMyth getting it spot on again 👌

[Aaluxx⚡️🍫🛡️ @AaluxxMyth]

Alright Thorchads! Once again, here is my proposal on how to move forward after Friday’s TSS vault exploit. Looking forward to constructive feedback to make it better, and looking forward to read new and different proposals if you have one! It is important to participate actively during this time. Let’s go!! @THORChain

https://t.co/2gxyCV30aZ

[TCB @1984_is_today]

Somehow I don’t see that much negative sentiment from large rune holders this time around.

Everyone is calm.

The real impact isn’t mid.

TVL goes down a bit, but full range AMM design has failed and it ultimately doesn’t matter. Ruji was the ongoing solution.

Price is disconnected from the real market since it’s main market suspended from trading, but 80% of the liquidity is still there.

No direct material price impact on $rune since 20% corresponding to stolen assets will likely get burnt.

The entirety of the liquidity is largely socialized at this point, doesn’t have direct impact on one person.

We might see a few capitulate but it truly doesn’t feel any darker than other previous crises.

People who are praising Arbi for halting the chain and seizing assets are shitting on TC, they obv don’t want permissionless / censorship resistant DEFi.

[codehans @codehans1]

Zero loss of service.

We fucking go.

[Dustin Godevais 🌖 @DustinGodevais]

You could be earning 15% RIGHT NOW on a $BTC/$USDC pair! 🤯

Checkout these two custom concentrated liquidity strategies (CCL) on @RujiraNetwork.

Both are BTC/USDC.
Both are the same age.

So why does one earn 15% APR while the other only earns 6.5%? 👇 thorchain:native

[codehans @codehans1]

The DeFi Vibes are returning

Now with native assets, with lessons learned, with safety and security at the core

Love to see it

$RUJI

[RayMontreal @RaymondMontreal]

Is this how we DeFi?
Bruh, too easy

I'm already bonding with a great node operator, so I'm comfortable with @THORChain staking mechanics. Unfortunately, bonded capital is locked up.

Since I like $RUNE and feel comfortable with it (investing is about understanding and managing risk), what a great opportunity I saw here with $bRUNE

I just tried this on @RujiraNetwork as a proof of concept for myself... and it was FUN!

Process:
1- I deposited some BTC as collateral
2- borrowed $USDC at 40% loan-to-value
3- got RUNE with the USDC
4- swapped for bRUNE & staked it
5- set rewards to USDC paying out every $2, thanks to @AutoRujira

Periodically I'll pay down my loan with the bRUNE returns. Borrowing under 5% interest on a stablecoin while confidently earning 15% + on bRUNE

Part of my staked $RUJI also pays out in USDC - those revenues will contribute to paying down the debt too. Eventually, I'll have freed up my collateral and acquired a few thousand RUNE on someone else's money

I think I'm winning this time

[codehans @codehans1]

Better be quick now if you want in

[codehans @codehans1]

> 25% permission-less, friction-less yield in a quiet market 🤯

Originated 100% from @THORChain volume, no pointless incentives or points programmes

Made accessible by @RujiraNetwork

Things are getting pretty exciting

[codehans @codehans1]

@whydefi @CapSparr0w @THORChain @RujiraNetwork There’s a lag built in here after a few high volume days, and it’s also dependent on total bond value, so expect it to fluctuate. But doubtless it’s earned from trading fees and nowhere else

[codehans @codehans1]

> 25% permission-less, friction-less yield in a quiet market 🤯

Originated 100% from @THORChain volume, no pointless incentives or points programmes

Made accessible by @RujiraNetwork

Things are getting pretty exciting

[Rujira @RujiraNetwork]

That was faster than we expected.

The APR for staking bRUNE has now passed 25%.

Real yield from @THORChain on your staked bRUNE, through bonded RUNE.

This is how to earn with bRUNE 👇

[Rujira @RujiraNetwork]

For THORChain Node Operators.

In this early phase, bonded RUNE is allocated across a managed whitelist of nodes. Over time, this is intended to become permissionless.

If you are interested in becoming whitelisted, or would like more information, please reach out to a member of the Rujira team.

[codehans @codehans1]

$bRUNE APR just doing its thing.

Last (-2d) churn’s revenue smeared over 7 days so plenty more to come

[Runemir @RunemirQi]

After many months, I've been playing with the Thorchain ecosystem again, and I'm pleasantly surprised by how much the overall quality of protocols and tools has improved.

Rujira works like a charm, offering seamless cross-chain trading, which can be scary and confusing due to its complexity, but Rujira nailed it.

But there are other really neat tools like RuneBond, BooneTools, Moca App for swapping, tracking, and managing Nodes, Bonds, LPs, etc.

This was always a problem with Thorchain; the general UI was frankly horrible and stress-inducing, but the improvement is now clearly noticeable.

It feels ready for mainstream adoption.

$RUNE $RUJI

[codehans @codehans1]

@surdo_pte @THORChain Yup. Like a concentrated liquidity position, but where your bid/ask spread tracks an oracle price and adjusts favourably based on your average entry price. CL on absolute steroids and powered by thorchain’s prescience-protected enshrined oracle

[codehans @codehans1]

With this, all the pieces are in place.

Upgradeable liquidity model for @THORChain's LP, including high assets like bitcoin:native that have been locked for 12+ months.

Concentrated Custom Liquidity today.
Dynamic Custom Liquidity tomorrow.

All of it in order to capture arbitrage profits for $RUNE and $RUJI bonders, and minimise price dislocation of base layer pools == winning more swaps

Watershed moment
https://t.co/ikeTQQHbFM

[codehans @codehans1]

Liquidity Coupling inbound