
codehans
1.7K posts

codehans
@codehans1
wrangling the omniverse @ @RujiraNetwork





Is this how we DeFi? Bruh, too easy I'm already bonding with a great node operator, so I'm comfortable with @THORChain staking mechanics. Unfortunately, bonded capital is locked up. Since I like $RUNE and feel comfortable with it (investing is about understanding and managing risk), what a great opportunity I saw here with $bRUNE I just tried this on @RujiraNetwork as a proof of concept for myself... and it was FUN! Process: 1- I deposited some BTC as collateral 2- borrowed $USDC at 40% loan-to-value 3- got RUNE with the USDC 4- swapped for bRUNE & staked it 5- set rewards to USDC paying out every $2, thanks to @AutoRujira Periodically I'll pay down my loan with the bRUNE returns. Borrowing under 5% interest on a stablecoin while confidently earning 15% + on bRUNE Part of my staked $RUJI also pays out in USDC - those revenues will contribute to paying down the debt too. Eventually, I'll have freed up my collateral and acquired a few thousand RUNE on someone else's money I think I'm winning this time



That was faster than we expected. The APR for staking bRUNE has now passed 25%. Real yield from @THORChain on your staked bRUNE, through bonded RUNE. This is how to earn with bRUNE 👇


With this, all the pieces are in place. Upgradeable liquidity model for @THORChain's LP, including high assets like bitcoin:native that have been locked for 12+ months. Concentrated Custom Liquidity today. Dynamic Custom Liquidity tomorrow. All of it in order to capture arbitrage profits for $RUNE and $RUJI bonders, and minimise price dislocation of base layer pools == winning more swaps Watershed moment x.com/PragmaticMonke…


Liquidity Coupling inbound


With this, all the pieces are in place. Upgradeable liquidity model for @THORChain's LP, including high assets like bitcoin:native that have been locked for 12+ months. Concentrated Custom Liquidity today. Dynamic Custom Liquidity tomorrow. All of it in order to capture arbitrage profits for $RUNE and $RUJI bonders, and minimise price dislocation of base layer pools == winning more swaps Watershed moment x.com/PragmaticMonke…



And we bring a little bit of that along with us again 👻








