Discover and read the best of Twitter Threads about #Thorswap
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This Multi-Chain, micro-cap #DEX will kill and replace every #CEX.
Let me introduce, @THORSwap.
This project review as well as other reviews & free crypto guides can be read more clearly on my website:
altcryptotalk.com/crypto-guides/
1/ 🧵👇
Let me introduce, @THORSwap.
This project review as well as other reviews & free crypto guides can be read more clearly on my website:
altcryptotalk.com/crypto-guides/
1/ 🧵👇
2- If you haven't already heard of #Thorchain $RUNE, they are the incredible multi-chain #blockchain that depletes the need of using Centralised Exchanges (#CEX) & other Third-Parties that aren't entirely necessary.
3- #Thorswap is their very own multi-chain Decentralised Exchange (#DEX) that utilises the power of their #blockchain, @Thorchain which supports a variety of major blockchains and #cryptocurrencies.
Things you will need
-multichain wallet
-you DO NOT need rune (common misconception)
-any asset you want to lp thats on thorswap
-an open mind 😉
-multichain wallet
-you DO NOT need rune (common misconception)
-any asset you want to lp thats on thorswap
-an open mind 😉
Are these yields on @THORSwap sustainable?
2/ Well lets get into the data on how the yield is generated.
Just like all yield farms a certain number of tokens are allocated to a given pool regardless of price, so the more people that deposit they less tokens you get.... so the lower the apy? right?
Just like all yield farms a certain number of tokens are allocated to a given pool regardless of price, so the more people that deposit they less tokens you get.... so the lower the apy? right?
3/ yes and no
*remember apys are based in rune price
so 10$ rune price paying 10% apy
will pay around 20% apy if rune price goes to 20$
......wait why does the rune price have to go up???
*remember apys are based in rune price
so 10$ rune price paying 10% apy
will pay around 20% apy if rune price goes to 20$
......wait why does the rune price have to go up???
1./ The reason I fell in love with $LUNA is because of its magnificent value capture. Although $LUNA will always be my number one, $RUNE is definitely a token with a great value capture too.
What is @THORChain, what is $RUNE and why does it have potential?
What is @THORChain, what is $RUNE and why does it have potential?
2./ @THORChain is a cross-chain liquidity protocol. The DEX built on #Thorchain is @THORSwap. #THORswap allows users to directly swap native assets on different blockchains with only one click. So no wrapped or pegged assets. Why is this important?
3./ Usually if you want to convert $BTC to $ETH you have to exchange your $BTC to $xBTC (the ERC-20 standard) and than to $ETH. Two transactions, so two times transaction fees.
