After deep diving into @THORChain V3, this is seriously impressive:
Key Innovations:
Cross-chain DEX without wrapping
Deflationary RUNE tokenomics
Native smart contracts
App Layer for builders
While others struggle with bridges, $RUNE solved cross-chain liquidity.
This reminds me of early $ETH. DYOR 🔥
Thorchain lending feature was a community decision, which the community later rescinded. Anyone can close their loans without issue.
The DEX is operating fine
Everything open-source and permissionless
As loans are closed, RUNE is minted, but RUNE was burned when the loans opened. Max supply of 500m RUNE cannot be breached in any case.
.@THORChain is even bigger than the “decentralized Binance” narrative gives it credit for.
It is the foundation on top of which ALL of decentralized finance will be built on.
Few.
$RUNE
Make $RUNE Simple Again
“THORChain is the Everything-DEX and all usage drives $RUNE value”
If someone discovers $RUNE today they have no clue wtf is happening or why they would buy it.
We need to make this true and easy to understand again.