Background

Thorchain

Decentralised L1 Liquidity Protocol. Swap, Earn, & Borrow - BTC, ETH, BNB, Cosmos & more. Infrastructure for top wallets & exchanges.

Integrationstwitter

Evaluating Risks in Decentralized Finance

Mon 18th Mar 2024
The tweet highlights the inherent protocol risk associated with Thorchain (TC), a decentralized liquidity protocol. However, it emphasizes that TC does not face certain risks common in centralized finance, such as rehypothecation risk, hidden insolvency risk, missing CEO risk, centralization risk, founder rugging risk, and insider risk. The tweet aims to position TC as a more transparent and secure alternative to traditional financial systems.

THORChain Protocol Risk Assessment

Mon 18th Mar 2024
THORChain, a decentralized layer-1 liquidity protocol, acknowledges the inherent risks associated with its protocol. While the protocol carries certain risks, as disclosed by the team, there is no indication of any malicious intent or potential for a 'rug pull' scenario. Users are advised to make informed decisions regarding their participation in the protocol. Despite the risks, lending caps are expected to be filled, indicating continued interest and adoption.

THORChain Lending Demand Continues to Rise

Mon 18th Mar 2024
THORChain, a decentralized layer-1 liquidity protocol, has reported steady growth in demand for its lending services. The protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies including Bitcoin, Ethereum, BNB, and Cosmos, has seen an upward trend in lending activity. THORChain serves as infrastructure for top wallets and exchanges, providing a decentralized platform for liquidity management.
Community article

THORChain Promotes Leveraged Borrowing Strategy

Mon 18th Mar 2024
THORChain, a decentralized liquidity protocol, has promoted a leveraged borrowing strategy on Twitter. The protocol suggests users can recursively borrow against their existing loans to achieve up to 4x leverage on their Bitcoin holdings without liquidation risk, though protocol risk remains. THORChain facilitates swapping, earning, and borrowing across various cryptocurrencies like Bitcoin, Ethereum, and BNB.

Major Cryptocurrency Swap Executed on Decentralized Platform

Mon 18th Mar 2024
A significant cryptocurrency swap from USDT to BTC was successfully executed on a decentralized liquidity protocol with 99.92% execution and no reported issues such as MEV, sandwich attacks, or price protection mechanisms. The platform claims to provide infrastructure for top wallets and exchanges, allowing users to swap, earn, and borrow various cryptocurrencies including BTC, ETH, BNB, and Cosmos.
Community article

THORChain and Ordiswap Collaborate to Enhance Cross-Chain Liquidity

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, has partnered with Ordiswap, a cross-chain swapping platform, to leverage THORChain's deep liquidity pools for facilitating seamless cross-chain swaps on Ordiswap. This collaboration aims to provide users with efficient and secure cross-chain transactions without relying on centralized exchanges or bridges.

THORChain Highlights Monero Integration and Serai DEX Partnership

Mon 18th Mar 2024
THORChain, a decentralized liquidity protocol, shared insights from a talk by Kaya Nerve on full chain membership proofs for Monero. Additionally, THORChain expressed excitement about the upcoming integration of Serai DEX with Cake Wallet, a popular cryptocurrency wallet.
Community article

THORChain Suggests Leveraged Yield Farming Strategy

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, has shared a strategy for users to potentially generate yield. The approach involves using Ethereum (ETH) as collateral to borrow stablecoins like USDC on the THORChain lending platform at a 50% loan-to-value ratio. The borrowed funds can then be deployed into high-yield DeFi strategies, such as lending on money markets offering around 25% annual percentage yield (APY). THORChain presents this as a way for users to potentially earn returns on borrowed capital.

Thorchain Highlights Key Features and Decentralized Nature

Mon 18th Mar 2024
Thorchain, a decentralized layer-1 liquidity protocol, has emphasized its key advantages. Firstly, users receive their debt in the stablecoin USDC instead of worthless tokens. Secondly, Thorchain claims to be the oldest running layer-1 liquid protocol and the most battle-hardened. Thirdly, the protocol asserts its fully distributed nature, with no insiders involved in its operations.

THORChain Explores Decentralized Collateral Lending for Bitcoin

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, has expressed interest in implementing decentralized, automated collateral lending for Bitcoin. The protocol acknowledges that other projects like Curve and FRAX have been working on refining the code for such functionality. THORChain is open to exploring solutions that can settle on-chain, provided they meet the necessary standards.
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