Thorchain

Stablecoin Savers, a savings program, has been operating for 3 months. The annual percentage rates (APR) for different stablecoins are: USDT - 24% APR (5% actual), USDC - 15% APR (3.5% actual), and AVAX.USDC - 12% APR (3% actual). The yield consists of 50% fees and 50% rewards, with rewards reducing over time.

THORChain's Savers Vaults have been generating significant yields. The oldest BTC Savers have seen a growth of +3%, while ETH Savers have seen +6% growth, and LTC Savers have seen +8% growth over the course of 12 months.

In order to achieve a decentralized future for liquidity, the widespread distribution of $FLIP is considered just as important as the protocol itself. This emphasizes the significance of $RUNE and $FLIP in the liquidity ecosystem.

THORChain is continuing to absorb L1 capital.

Thorchain's lending platform has experienced significant growth. Several new lending opportunities were opened in the past few hours.

Thorchain now offers a low-risk, low-return option for yield called Savers, and a high-risk, high-return option called Dual/Single LP. LPs insure the deposits of Savers and earn leveraged upside. Pools with high Synth Utilisation experience leverage if RUNE-ASSET performs, outweighing Impermanent Loss. The need for ILP is eliminated, reducing the protocol's long-tail risk. Thorchain aims to derisk as it matures and shift towards risk management.

Since the release of THORChain Mainnet in April 2021, the development team has been busy implementing various features and improvements. These include asymmetric liquidity provision, THORNames, delayed outbound transactions, automatic solvency checker, synthetic assets, ERC20 token whitelists, and more. They have also added support for multiple blockchain networks such as Dogecoin, Terra, Cosmos Hub, and Avalanche, among others. The team has made numerous bug fixes and optimizations along the way.

On 2023-11-13, Thorchain successfully completed a streaming swap that was larger than the pool itself with a 99.55% execution rate.

THORChads prioritize security, liquidity, and volume as they work towards achieving a $100bn protocol. Exchanges are now using TC for liquidity rebalancing without any additional encouragement.

As the value of $RUNE increases, the Thorchain network becomes overbonded, resulting in a shift of rewards towards liquidity providers (LPs). In the last day alone, LPs earned $450k in liquidity fees, while nodes received $165k.