Runeboi

An App-Layer is being built on top of @THORChain THORChain — The cross-chain AMM for native decentralised swaps (including assets like the giant — $BTC) is soon going to become a base layer for advanced DeFi platforms. Upcoming dApps are going to tap into THORChain pools’ liquidity to launch the first true cross-chain DeFi Applications. This means that native $BTC would be available for DeFi activities like PERPs, Lending, Borrowing, Yield Strategies and so on. (Yes, unwrapped Bitcoin for DeFi 💯). All of this will become possible with the first app layer on THORChain —— @RujiraNetwork

@EM_Highlights What is this song playing? @grok

Understand this and it all makes sense:

Ask ChatGPT: If you were the devil and wanted to keep an entire nation sick, what would you do?

The first tweet of Peter's that I like

Cmon this is impressive 👏

GM $6 Rune soon

You have no idea how motivated I am to win. After seeing our competitors dancing on our grave, coming inches from death. Something has changed. We've been given a second (third? fourth?) chance at life and we're not going to squander it. @THORChain $RUNE

Agree 👍

Thoughts on current Thorchain #Rune situation Tough time for holders, devs and everyone involved. Thorchain offers a great product unfortunately caught up in Thorfi To all thorchain devs, teams and OGs who are working hard to create a solution - appreciate your grind.

I've been a $RUNE owner, LP depositor, hodler, educator, & @THORChain bull poster for every single one of these candles, & more prior - & I'm far from a singular case. You think we haven't already experienced the emotional gamut of market cycles multiple times over? We've eaten multiple free falls before you've had your lil french toast stickies breakfast. Why? Because, and I think I can speak for the majority of OG #THORChads here, we are convinced that THORChain must and will succeed in its longterm mission, for it holds at its core a noble purpose; and we each in our own way do our part to help realize that purpose. For the recent events, noobs might understandably feel panic and uncertainty with price drops. But try getting hacked 3 times in a week -- and, while even Max Keiser is dunking on you and your conviction, you hodl because you see that the THORChain core team directs treasury funds to heavy audits and hole plugging; eventually you witness the problem is corrected. Could it have potentially been avoided? Probably. Could this have? Probably. But I contend that human error must be allowed somewhere with such noble endeavors, and I'm not proud enough to think I know where that threshold lies. But this is why I have lost zero sleep on thorfi fallouts: I have seen how these developers respond to catastrophes; I, & many others, have seen the stuff they are made of -- whatever that is, it ain't brittle. Problems there will be; but problems they will fix. I'll make no baloney bones about it that a fat RUNE price is some part of the reason I try to help move those chains: I ain't Jesus. But I also own RUNE because I deeply "get" THORChain's singular end goal (the way @ninerealms_cap "get" it; the reason they haven't run for the hills either). I, as a tiny but proud TC "shareholder", intend to be there at the realization of its one purpose. I'm realizing now this is less rage-bones and more happy-bones; so, to set things right, I end the timeless wisdom of Bone Crusher: "I ain't neva scared" 😤

@1984_is_today Thanks TCB - keep it up. Ur reaching legendary status imo

weeks of fud about thorfi exploding and team just lets nodes decide system doesn't break. anti-fragility isn't marketing, it's math

@Eridanus9R All good brother. As a Thorchain OG, I value your work and contribution!!

Eventful week. Apologies for my contribution to the noise and chaos. Monday back to building. Have a great weekend chads and chadettes 🫡

@sh1lverbox @THORChain Thanks boss 💯

@RuneboiThor @THORChain visit thorchain.network/runepool/ and check yourself. Every position might be different due to the fact they entered in different time.

@OX_DAO @jpthor @codehans1 Thanks for all you do Coach! Kween to see some Kween × Thorchain content

@finlandes_ @therunetard @AaluxxMyth @THORChain And still you care about it :)

@therunetard @AaluxxMyth @THORChain exactly, and you’re definitely not alone. I think many saw it and deliberately didnt relay/act. Which is fine, we all have our priorities and nodes displayed theirs. I decided to exit TC because I don’t like it.

Decentralization = good Great demonstration of that this morning by @THORChain 👏🏼

@Orion_9R Brother your such a Chad. Love your work

Borrower Analysis - THORChads! Your cortisol levels are high! here's some soothing on-chain data, babe One of the most important controls on lending was to cap it - this was very intentional so there was no runaway risk. The caps were hit quickly by the community. TC borrowers are overwhelmingly aligned with the protocol. Looking at the Cumulative Distribution of loan sizes vs percentage of borrowers we can see both BTC and ETH are very steep. This shows that the loans are very concentrated. BTC: The top 10% of borrowers hold approximately 69.67% of the total collateral (1,030.50 BTC). ETH: The top 10% of borrowers hold approximately 76.73% of the total collateral. (13,831.55 ETH) Spot-checking the largest borrowers on runscan we can see that many hold large rune bags (looking at associated THOR addresses). Don't believe me? check the chain. thornode.ninerealms.com/thorchain/pool… thornode.ninerealms.com/thorchain/pool…

THORChain 2024 Annual Report by @ninerealms_cap ⚡️ 56b swap volume ⚡️ 30.6m in liquidity fees ⚡️ 24.6m earned by affiliates ⚡️ Ledger, OKX, Bitget, Zengo, LiFi integrations Been a big year thanks to all the users, builders, and liquidity providers 💙 Onwards to the next chapter!