
scrub_eng
78 posts



Cross-chain arbitrage: how traders profit from THORChain's price discovery Arbitrage traders buy assets when THORChain pools are undervalued compared to external markets like Binance, then sell on those external markets for profit. When pools are overvalued, they do the opposite: buy externally and sell into THORChain pools. This is how THORChain discovers prices. Repeated arbitrage trades propagate price information between THORChain and external markets until equilibrium is reached, removing the need for centralized oracles. Pool prices stay accurate because traders constantly correct them for profit. Simple example: The ETH-RUNE pool shows 1 ETH equals 100 RUNE, but on Binance 1 ETH trades for 110 RUNE. An arbitrageur buys ETH from the pool for 100 RUNE, sells it on Binance for 110 RUNE, and profits 10 RUNE while pushing the pool price upward. THORChain doesn't offer explicit incentives to arbitrage traders. Their profits come entirely from capitalizing on price differentials, and the majority of arbitrage is executed by software bots. The scale is massive. Recent analysis estimates arbitrage represents around 60% of THORChain volumes, roughly $800 million monthly, yielding around $3 million in profits to external arbitrageurs. For traders, THORChain creates unique opportunities because you move value between chains without CEX custody. Instead of depositing Bitcoin to an exchange, swapping for Ethereum, then withdrawing, you swap native BTC for native ETH directly. This matters during volatile markets when price differences between chains can be significant and CEX withdrawal queues get backed up. The protocol turns price inefficiencies across chains into profit opportunities while keeping its own pools priced accurately.




$TAO surpassed $RUNE in market cap today & I still don’t know of any decentralized way to swap or bridge in & out of the native asset Defi players are not paying attention to it, soon it will enter top 10 & it will become impossible to ignore CC @THORChain @Maya_Protocol $CACAO


Nothing to see here… Just Jensen Huang (CEO of the world’s most valuable company Nvidia) and Chamath discussing Bittensor $TAO 🤯















Biggest single BTC -> ETH swap in onchain history just came in: 232 BTC. Executing over the next few hours $22m moving from Bitcoin to Ethereum








At @Delphi_Ventures we regularly manage capital across multiple chains and know firsthand how painful self-custody can be. After years of work, @vultisig is here to solve that problem. It’s an MPC-powered, cross-chain multisig wallet built for the future. While the tech is still relatively new and less battle-tested, Vultisig already: - Secures $115M assets under vault (AUV). - Has generated $360k revenue (primarily from cross-chain swaps) We recently ran a internal pilot to test the product and shared our experience. 🧵









They gained huge hype through Kaito and announced that they would give allocations to the top 300 yappers at a $3M FDV, @vultisig. I made over $3K profit from this sale, but I absolutely do not approve of what happened. Despite the $3M FDV promise, no one was able to buy for about 40 minutes until the price hit around $12M FDV. The wallets that bought at the lowest price were linked to each other, funded from Binance, and I’m almost certain they belong to the team 👇 0xFfEdad3637A80A2d9c9067cD86c7880e352A4dF2 0xeE7E683f1DF83aAA2a23ff935474f640983EfC73 0x3129096fEE23ecf3aB0c727E5A78Ed59693037BB 0x3b2649cA6a32709bB40484f830C599357db80C0D 0x0893933F908c0d61401dEF1B28aC13dB44c4c91b 0xEaA4A042844c2De5e397D7215c28F4D07E864c0a 0x4E17347fBEdD330B90805Fb4F133f6eF6e0d6AD9 0x2aD104cE67dC346dDF49dDA4Dcc540DaE16Ba9eA 0x4869eDd7DEd6C890AB56a9D807a99f8A3a0D6d9D 0xd127C2Fb23EA975B1AeAD8ed8275225aa3FfcD9a 0x789b8563Dd70ca5d553f601c752180Fc0D60E80C 0xb63FFF95E82f03c2C41C0a45Fd0394d277Da052e 0xafF2F06662ABbA37a0ad50a080Ce7613a8D2b059 0x5B7286876c9E3b2bff2CC394a6b26B9ae28E21D5 0x221e514A3c2E5830685EFd04E60657035EfEc2aB 0x6d78474783053759bb9f001D4B6791e19A475355 0xB36fCfd109d81CE47f1041E2d8485c6f8e596323 0x164F1791e75Ee0026E0877d38b444a2220F5CF7a 0x7fFeba68e8b462ea40354341dA3D5d20aed07614 0xfAa0F7c9d019637eeDC33e4AEB454347596864c0 0xA998A42174E790A826fAba182b0ae6941A7D121E 0x7e7d90fED3bf6e17524F44Ac3008573257605C54 0x533Ea00944a3CBc21f94a0542f8414Bd2134B3F7 0x85deeA04aBa3B75CF7B408e586A1D0fa28725e75 0x044DA53d535681801BEF7F6ac01eD11478F7Cf76 0x05b48082D27339c8557BC37d8b7C36FC89dD215f 0xdaa792954Dc5A1C8032b7BbF8779b4a0DaCF6158 0x41aAeE0BD28417Ae44b3642A040e75f76923126E








