Do repost and rate:
In this video, I explain what THORChain is and how it works.
Some of the topics I cover in the video:
- What THORChain is and how it works
- What primary and secondary vaults are
- How transactions are validated
- The list of assets that are currently supported by THORChain
- Assets that they plan on adding to their ecosystem
- How prices are determined on the network
- Arbitrage opportunities
- How fees work on THORChain
- Their recent addition of synthetic assets (synths), and what synthetic assets are
- Bonding RUNE tokens
- THORChain incentive pendulum
- Churning of nodes, and how it benefits the system
- Impermanent loss protection
- The RUNE token and its tokenomics
- Recent THORChain news, and upcoming developments
I think THORChain has a lot of potential but they have definitely had their issues in the past, including an attack on their BiFrost protocol that resulted in a loss of $8 million
Their recent addition of synthetic assets and their upcoming integration of Monero are both pretty interesting to me.
Let me know what you guys think about THORChain, and also if you like the new style of content. I've been toying around with animation lately and wanted to try and introduce it to the channel, so I gave it a shot in this video.
Any feedback is appreciated. Thanks for watching!
