247853
THORChain
@thorchain #247853
Decentralised Native Asset Liquidity Protocol
⚡️Swap, Earn, and Borrow - BTC, ETH, BNB, Cosmos & more
⚡️ Infrastructure for top wallets & exchanges
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THORChain Q1 Highlights:
⚡️+53% volume growth
⚡️+48% liquidity growth
⚡️+57% in savers growth
⚡️$8m collected in liquidity fees
⚡️$4.9m collected by interfaces
Read the full report on Medium:
https://medium.com/thorchain/thorchain-q1-24-ecosystem-report-67a640fd08c1
⚡️+53% volume growth
⚡️+48% liquidity growth
⚡️+57% in savers growth
⚡️$8m collected in liquidity fees
⚡️$4.9m collected by interfaces
Read the full report on Medium:
https://medium.com/thorchain/thorchain-q1-24-ecosystem-report-67a640fd08c1
THORChain Mainnet turns 3 years old today 🥳🎉
GM Bitcoiners and DeFi Enthusiasts 👋
100 BTC to ETH swap executed between two non-like assets in a XYK AMM was completed at 3BPS slippage.
Just wrap your head around that.
Just wrap your head around that.
Lending caps have been raised
Borrow against native BTC - no liquidations, no interest, no expiry
Borrow against native BTC - no liquidations, no interest, no expiry
ADR12 has passed & will be implemented
60m RUNE will now be burnt, and provided for acceleration of lending, creating 20m RUNE space for collateral
Lending CR's will drop to 200% flat - ie, a 1 BTC loan will yield $25k debt (50% LTV)
60m RUNE will now be burnt, and provided for acceleration of lending, creating 20m RUNE space for collateral
Lending CR's will drop to 200% flat - ie, a 1 BTC loan will yield $25k debt (50% LTV)
Say a user wants to wrap 99 Bitcoin
But $WBTC pool is only 71 WBTC deep
So THORChain streams the swap and easily handles the trade with minimal slippage
Native asset rails meets capital efficiency
But $WBTC pool is only 71 WBTC deep
So THORChain streams the swap and easily handles the trade with minimal slippage
Native asset rails meets capital efficiency
GM Bitcoiners and builders cross-chain infrastructure
THORChain is now on Farcaster ⚡️
THORChain is now on Farcaster ⚡️
Not a bridge, but THORChain was built specifically to move value between Cosmos, EVM chains, and Bitcoin