Thorchain

THORChain, a decentralized layer-1 liquidity protocol, has announced the launch of a new interface for its Lends dApp. The updated interface aims to provide a simpler way for users to borrow, swap, and earn securely while utilizing THORChain's native products. The protocol encourages users to be among the first to try out the new interface.

A decentralized layer-one liquidity protocol has announced the distribution of $150 million in earnings to its nodes, liquidity providers, and savers. The protocol facilitates swapping, earning, and borrowing of various cryptocurrencies, including Bitcoin, Ethereum, BNB, and Cosmos. It serves as infrastructure for top wallets and exchanges, and anyone can join the community.

THORChain, a decentralized layer-1 liquidity protocol, has been steadily increasing its revenue from liquidity fees over the past two years. The protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies like Bitcoin, Ethereum, BNB, and Cosmos, has seen its income from liquidity fees grow from around 10% to approximately 40% during this period. The long-term goal is for liquidity fees to account for 100% of THORChain's revenue, demonstrating a sustainable business model for the decentralized finance (DeFi) platform.

According to a tweet from the official THORChain account, the decentralized liquidity protocol's revenue has reached $5 million per month, equating to $60 million annually. The tweet highlights that this revenue stream provides a substantial budget for security and development efforts. Additionally, the protocol's integration with various wallets contributes further revenue to support the ecosystem. THORChain is a Layer 1 protocol facilitating swaps, earning, and borrowing across multiple blockchain networks, including Bitcoin, Ethereum, BNB Chain, and Cosmos.

THORChain, a decentralized layer 1 liquidity protocol, is promoting its open-source code and permissionless nature as advantages over centralized alternatives for Bitcoin transactions. The protocol enables swapping, earning, and borrowing of various cryptocurrencies like BTC, ETH, BNB, and Cosmos tokens. THORChain positions itself as infrastructure for top wallets and exchanges, emphasizing its community-driven and transparent approach.

According to the news content, the future of decentralized exchanges (DEXs) lies in a few major protocols adopting a divide and conquer approach to liquidity and blockchain networks. These protocols will aggregate and route across each other from major wallets. The future of centralized exchanges (CEXs) is to wrap and run nodes from this 'meta protocol'. The news mentions that TC works with Chainflip, Maya_Protocol, and soon SeraiDEX, stating that it will be impossible to ignore and shut down. The ecosystem being built around TC, Chainflip, Maya, and application layer projects is described as the DEX play, with no other alternative for those wanting DEXs to surpass CEXs.

The tweet discusses the risks involved when borrowing against Bitcoin. Users can choose between a centralized custodian, which carries the risk of asset seizure, or a decentralized custodian, which has protocol risk. The tweet argues that the decentralized option, being open and auditable, is easier to reason about compared to the unpredictable nature of potential asset seizures by centralized custodians. It expresses surprise that Bitcoin maximalists would prefer centralized custodians over decentralized ones, given these risks.

A decentralized layer 1 liquidity protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies like Bitcoin, Ethereum, BNB, and Cosmos, has reported a monthly revenue of $10 billion. While this figure is remarkable, the protocol's team acknowledges that there is still room for further growth, hinting at a potential target of $100 billion in monthly revenue.

THORChain, Maya Protocol, and their associated projects are developing truly uncensorable and permissionless decentralized finance (DeFi) solutions, steering clear of traditional finance practices on the blockchain. THORChain highlighted some of its popular interfaces, including Asgardex with 0.1% fees and an open-source, uncensorable user experience, THORSwap with 0.3% fees and connections across DeFi, and the newcomer Defispot with a clean UI and plans for an airdrop to swappers.

THORChain, a decentralized layer-one liquidity protocol, has announced that its monthly active user base has surpassed 50,000. This marks a significant milestone for the platform, which previously celebrated reaching 20,000 active users approximately nine months ago. THORChain enables users to swap, earn, and borrow various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, among others. The protocol serves as an infrastructure for top wallets and exchanges, facilitating decentralized liquidity.