Try this with a decentralized protocol using native Bitcoin and paying these fees.
I'm waiting...
$RUNE
🌊 Streaming swap finished
👤[lhy4]: 30.0 $BTC → ⚡ → 537.3 $ETH ($1.2M)
Slip: 0.030 %, liq. fee: $601.9
⏱️ Time: 2 hours 13 min.
runescan.io/tx/696A2C031B2BC…
Do you really need your favorite project to create a better life for yourself and your loved ones other than the gains it might provide?
People need Bitcoin, people need stables, people need @THORChain. What else?
The only decentralized protocol to provide this route for less fees than most CEXs is @THORChain
And yes, that's native $BTC Satoshi made.
🌊 Streaming swap finished
👤[ded1]: 500.0 $ETH → ⚡ → 29.7 $BTC ($1.2M)
THORSwap Aff. fee: $1.9K (0.15%)
Slip: 0.030 %, liq. fee: $618.8
⏱️ Time: 38 min 24 sec.
runescan.io/tx/94878A589085C…
Keep fading $RUNE. Keep ignoring the financial infrastructure of tomorrow.
THORChain Spaces #79 today at 3:30 EST with @CBarraford and @familiarcow ⚡️
Discussing Q1 priorities: Swapper Clout, Memoless transactions, Synth backstop, Batched outbounds, reliability improvements. Lets get it
xitter.cf/i/spaces/1gqxvQDagrRJB
After weeks of silence I post one @THORChain post and immediately realise why I went quiet. Some people have absolutely no business being here.
Disbelievers are selling their $RUNE
The @THORChain protocol on the other hand...
🌊 Streaming swap finished
👤[bb0e]: 1.0M $USDC (ETH) → ⚡ → 23.1 $BTC ($991.4K)
Aff. fee: $6.9K‼️ (0.7%)
Slip: 0.070 %, liq. fee: $491.9
⏱️ Time: 23 min 54 sec.
runescan.io/tx/6E2BC094AEAAB…
BS retweeted
$LINK pool has been staged by the community (anyone can create an ERC-20 pool)
Once 10k+ $RUNE (+ equivalent LINK) has been added, trading is automatically activated
LPs can add now: app.thorswap.finance/add/ETH…
BS retweeted
Demystifying @THORChain: A Simple Breakdown of Its Technology
🔹Discover the power of THORChain: Interact with multiple blockchains through the Bifröst Protocol, manage transactions with the State Machine, and broadcast them with Bifröst Signer.
$RUNE
BS retweeted
Presenting new @THORSwap Swap Settings!
⚖Optimal: auto balanced speed vs price
💨Fastest: execution at network speed
🐢Slowest: TWAP up to 24 hrs
⚙️Slippage Setting: price protection or swap at market rate
The choice is yours. Craft the perfect swap at: app.thorswap.finance
BS retweeted
2024 already shaping up to be wild
- Memoless transactions to abstract away wallet connections. Scan a QR and swap from anywhere
- Orderbooks to make arbs proactive rather than reactive. TC becomes the CEX orderbook aggregator
- Rapid swaps to do a streaming swap all in 1 block (w/ orderbooks) for 5bps in fees and guaranteed price execution
- Trade assets to make trading/arb 2x more efficient than current synth design
- Hard fork to support taproot addresses
- Swapper clout turned on to reduce swap times
- Batched outbounds to reduce user gas fees & improve throughput
- Possible DEX agg with IBC
- Ledger, LiFi, Phantom publicly signaling for BTC swap integration
- More integrations in the pipe that won't be announced until they're ready
BS retweeted
2023 was a strong year with major growth in liquidity, users, new features shipped, and integrations
In 2024, watch as THORChain continues to scale & deliver as the industry's largest native asset settlement backbone for Bitcoin
Read the Year End Report by @ninerealms_cap⚡️
You can't expect everything to be working flawless already. The protocol has shown it's working like a charm, the people building show passion and transparency.
That's enough for me to keep using @THORChain and holding $RUNE long term.
Onwards!
Full detailed explanation:
It has been pointed out by several people in recent weeks that TY/TS numbers weren't matching other sites in the ecosystem.
THORYield and THORSwap use some custom logic designed to provide the most accurate volume metrics. Specifically, they use the precise RUNE price at the time of the swap, instead of the average, which is what you see on other sites.
Initially, this was thought to be the only difference in the numbers. Yesterday, after further investigation, a bug in this logic was discovered which was the primary source of the discrepancy. A patch was deployed earlier today.
This was of course an honest mistake and certainly no reflection on anyone who was excited and making Tweets about volume numbers.