Thorchain
Swap native ETH for BTC without intermediary. The RUNE token ties together a blockchain, liquidity providers and node operators to enable a decentralized Cross-Chain Liquidity Network.
Categories:
Layer1
Updated:
2023-03-09
Tags:
Cross-Chain
Ticker:
RUNE
Token Strength.
Token Utility:
* Fee mechanisms for swaps * PoS-Token * Deposit and boding token
Demand Driver:
* swaps incur a fee in RUNE * Liquidity provider need to pair their token liquidity with RUNE at a 1:1 ratio * Node operators need to bond RUNE based on 2x the total LP pool amount * This leads to a 3xRUNE demand per $TVL
Value Creation:
Provide the infrastructure for completely decentralised cross chain swaps of crypto assets. Wallet to wallet without leaving your custody.
Value Capture:
* Every $1 in liquidity assets is backed by $3 in RUNE deposits * The more swaps take place, the more rewards are paid to LP and Node operators * Higher rewards attract more LPs, leading to a greater lockup in RUNE. Of course, the reverse is also pos
Business Model:
As a decentralised, layer 1 protocol Thorchain does not itself collect any revenue. A portion of RUNE token was allocated to the protocol at TGE but the project itself doesn't have any new inflows.
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Protocol Analysis.
| Problems & Solutions | Interesting token dynamics of pairing all tokens with RUNE, allowing for deeper liquidity pools Ecosystem around Thorchain is expanding which could help with TVL and general use of the system. |
|---|---|
| Predecessors |
Investment Take
... coming soon
Tokenomics Timeline.
2018-11-13
Initial supply of 1bn RUNE minted
Pre mint
2019-10-01
Burned 50% of tokens
Unused reserve is burned amounting to 50% or 500m of all tokens.
2021-06-23
Mainnet Launch
Rune goes live on Mainnet.
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Allocation and Emission.
No calculation connected
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Resources.
Author.
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