Thorchain

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.

THORChain, a decentralized layer-1 liquidity protocol, has reported its latest daily metrics. The bonding annual percentage yield (APY) stands at 4.56%, while the liquidity APY is 25.0%. The platform recorded 1,632 daily users and 53,425 monthly users, showcasing its growing adoption. THORChain facilitates swapping, earning, and borrowing of various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, while serving as infrastructure for top wallets and exchanges.

THORChain, a decentralized liquidity protocol, has announced that its TOR (Treasury Overcollateralized Reserver) mechanism has successfully maintained a stable peg for its native asset against its liquidity pool for almost a year. Unlike traditional stablecoins, TOR does not rely on any particular stablecoin but instead senses the price of its own asset against its own liquidity. This achievement demonstrates the robustness and reliability of THORChain's innovative approach to maintaining price stability.

THORChain, a decentralized liquidity protocol, has expressed interest in integrating with the 1inch decentralized exchange. In a tweet, THORChain stated that given the recent performance of the 1inch token, an integration could potentially propel 1inch to the forefront by capturing market share, particularly with native Bitcoin swaps. Erik Voorhees, the CEO of ShapeShift, had previously hinted at this potential on the Bankless podcast.

THORChain, a decentralized layer-one liquidity protocol, is working to provide secure decentralized finance (DeFi) services for Bitcoin in a safe and sustainable manner. The project aims to establish a lasting legacy by offering swapping, earning, and borrowing capabilities for Bitcoin, Ethereum, BNB, Cosmos, and other cryptocurrencies. THORChain emphasizes its commitment to being around for decades, allowing users to participate or opt-out as desired. The protocol serves as infrastructure for top wallets and exchanges, facilitating decentralized liquidity.