Lancelot ⚡️ retweeted
So you're saying the ~30k $RUNE daily rewards are holding back the price? Even if fully sold (let's say 30% nodes, 70% LPs with $RUNE above $4), do you really think that amount suppresses the price? ETH prints ~$5M/day, SOL ~$16M/day, while $RUNE, at $4, prints ~$120k/day!
Just look at the holder counts for these three networks. No way THORChain enters the top 10 market cap with its current numbers.
@jpthor's anti-marketing mania didn't work. See WEWE's launch – the "expend effect" fizzled when participation dried up.
@THORChain did $1B in January, yet $RUNE holders haven't grown much in years. The problem? $RUNE is hidden behind interfaces. Most users don't know they're using TC.
$RUNE remains niche with a closed community, and it will stay that way if nothing changes. JP thought deflation via increased burn (like Solana, which burns ~50%) was the key. You're going in a different direction, but if you want to reduce supply, THORChain needs another mechanism to drive the price up.
9R gets 5% of revenue. Why not allocate an extra 1-3% to a good PR firm? Review performance in a few months and replace if needed.
Lancelot ⚡️ retweeted
Current Situation
-------------------------
At the time of this communication, 31 nodes have requested to leave the @THORChain network.
The network is experiencing a contraction as RUNE price declines and nodes leave the network, but the protocol remains operational in its core blockchain and swap functionality remain unaffected.
Many integration partners are currently paused in order to protect their users in the current volatility.
Path Forward
-------------------------
Nine Realms proposes the implementation of the current version of the Priority Haircuts proposal (gitlab.com/-/snippets/480126…).
This implementation gives Savers and Borrowers the option to exit their positions with a haircut that can improve over time as things stabilize and network health improves.
Despite network contraction, the nodes and base amount of liquidity that remains will allow the network to continue to generate revenue so the unwind plan can progress.
We will immediately kick off a node operator vote to confirm the execution of this plan.
To the Community
-------------------------
Nine Realms remains steadfast in our dedication to this network, and will do everything we can to keep the protocol operational with the goal that Borrowers and Savers can be made whole. Nine Realms believes that implementation of the proposal yields the best opportunity for network survival.
To ecosystem devs and contributors: many of you have been working on THORChain for years, your efforts are truly appreciated. Additional chain integrations, AppLayer remain critical for the network’s growth.
Lancelot ⚡️ retweeted
Cost to borrow stables against $BTC or $ETH:
Aave v3 MakerDAO Thorchain
USDC 24% 9% 0% ⚡️
USDT 17% 14% 0% ⚡️
DAI 29% 16% 0% ⚡️
And there are no liquidations on @THORChain 🤯
Lancelot ⚡️ retweeted
Just a friendly reminder.
100% - @THORChain
0% - commission fees.
Ferz wallet continues to charge zero wallet fees.
Lancelot ⚡️ retweeted
Open invitation to any @THORChain doubters who want to go head to head with me in a twitter spaces about THORChain design.
Tag someone you'd like to see me have a friendly debate. Maybe I'll recruit @zGuz to moderate.
Lancelot ⚡️ retweeted
Welcome @TrustWallet into @THORChain family 🎉
Now any Trust wallet user will be able to swap native assets.
Lancelot ⚡️ retweeted
Still with CEX and didn't lose money? Consider yourself lucky!
Not your keys, not your crypto!
Try @THORChain protocol. Cross-chain L1 exchange.
Just check out one of the interfaces:
@Defispot
@THORSwap
@xdefi_wallet
@FerzWallet
This Post is from an account that no longer exists. Learn more
Lancelot ⚡️ retweeted
With single-sided saving accounts, @THORChain is going to hit hard.
This one was worth waiting.
Lancelot ⚡️ retweeted
Ferz Wallet brings the best interface usability practices to @THORChain.
But you anon, like it the hard and complex way ;)
Lancelot ⚡️ retweeted
⬇️ THORFi V2 Explained ⬇️
The Thorchain devs recently released an updated model for THORFi, the lending and borrowing element of Thorchain.
I'm going to break it down into simple terms, and highlight some key points.
(Hint: 0% interest, no liquidations & NO algo stable)
Lancelot ⚡️ retweeted
@FerzWallet DEX Aggregator is live under #bridge ticket 🎉
You can swap thousands of assets, all within one beautiful interface.
Mass adoption of @THORChain is inevitable.
Lancelot ⚡️ retweeted
The best designs carefully prevent problems from occurring in the first place.
@THORChain beast inside.
@FerzWallet crafts the result.
Try Ferz!
i.ferz.com/9uoz
Lancelot ⚡️ retweeted
You, probably, like most people, navigate mobile apps with your fingers and thumbs, which are much less precise than a mouse.
@FerzWallet considers this in designing the best mobile phone interface for @THORChain
Ferz was built differently. Try now:
i.ferz.com/9wdX
Lancelot ⚡️ retweeted
To overly simplify it, it’s the Uniswap of Native L1 assets.
Assets are placed into liquidity pools paired with $RUNE, the native asset of THORChain, and these LPs facilitate cross-chain swaps.
Lancelot ⚡️ retweeted
If you have to click back and forth to gather information, this extra clicking may frustrate and make you feel that it is too complex & time-consuming.
@FerzWallet removes frustration from using @THORChain
Ready to experience the difference?
Try Ferz:
i.ferz.com/9uoz
Lancelot ⚡️ retweeted
Don't get lost with technology.
We love what @THORChain devs are building, and we wanted to put it into a human-readable format.
@FerzWallet is designed for people.
You need to try it to feel the difference.
Lancelot ⚡️ retweeted
In 2022 users expect the same quality of user experience while browsing products on their smartphones as they receive on their computers or laptops.
@FerzWallet works hard to deliver the best possible experience for the @THORChain network on a mobile phone.
Lancelot ⚡️ retweeted
Tired of clunky interfaces or bugs?
Try @FerzWallet - polished, fresh, intuitive and easy to use mobile phone wallet that allows you
to easily manage your @THORChain assets.
