Thorchain

THORChain is prepared to handle increasing size and is ready to serve as required.

THORChain is prepared and operational, moving forward.

Thorchain (TC) benefits from onboarding exogenous capital with 50% staying in liquidity pools to earn yield. With an APR of 4-5% in the pools, borrowers have a lower opportunity cost, even with 0% interest loans. TC aims to onboard collateral safely, avoiding expirations or liquidations. The system requires RUNE:L1 prices to remain relatively stable, with a tolerance for 3x price changes. The borrower's focus is on L1:USD prices rather than tracking RUNE:L1 prices, often mirroring L1 performance against USD.

Thorchain has achieved a daily volume of $0.5bn with a total value locked (~TVL) of $0.5bn. Discussion is ongoing on the possibility of reaching $1bn on $1bn, with speculation about the potential for $10bn on $10bn this cycle.

Thorchain has launched a new feature for Bitcoin lending with 0% interest, unlimited term, and borrowers can access up to 50% of their collateral. This is a unique offering in the market, different from existing projects like MIM, Liquity, and AAVE. The community is still studying the new feature and seeking feedback.

$660 million in daily volume on THORChain, with BTC accounting for nearly half. THORChain now accounts for over 98% of decentralized Layer 1 BTC swap volumes, highlighting its dominance in the space. The community dismisses centralized exchanges as they are viewed as IOUs on a SQL database.

THORChain community notes a surge in loans following the implementation of a 50% Loan-to-Value ratio and 200% Collateral Ratio. This change has attracted more users to engage in loans, with many choosing to participate after initial hesitation. The community anticipates an exciting development and expresses interest in observing the outcome.

Collateral is continuously being deposited into Thorchain (TC), causing the caps to increase due to the reflexivity of the RUNE:L1. The trend of increasing caps indicates a continuous influx of collateral into the platform.

#asgardex aims to reward users based on user growth, with sub $500 trades now affiliate free on both Maya Protocol and Thorchain. A new version of Asgardex is set to be released soon. :rocket:

$442 million in volume has been recorded on $426 million in liquidity, reaching All-Time High numbers. However, the goal of surpassing $1 billion in volume is yet to be achieved.