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Check out our deep-dive on THORChain: https://teapawt.net/t.co/xd1tshEOzm…

Ægir
Joined November 2019
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Rebase ⚡️ retweeted
When is Thorchain activating IBC? Maybe we can do a DAO <> DAO swap of $RUNE and $OSMO, to bootstrap liquidity pools on both DEXs!
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Rebase ⚡️ retweeted
Retweet this for absolutely no reason whatsoever.
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Born too late to explore the globe Born too early to venture into space But born at the perfect time to watch $RUNE become the greatest asset the world has ever seen
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Replying to @sassal0x
She’s a 10 but believes one blockchain can competitively serve all use cases
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Replying to @gregosuri
The permaweb just learnt names.
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Replying to @AkuRypto @THORChain
Yes. Trying to discuss algo & THORFi in the middle of the first and biggest algo crash ever, was not the best idea or moment to try to educate. As I said in another post, it's like discussing "flying" with people just after the first motor-engined plane testflight in early 1900
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This is not binary—it is about risk and sequencing. THORFi is not being scrapped because the financial products TC can enable best in class. But it will come to the forefront once some core items are landed. Mainnet is on the horizon. Here's what this means... 1/2 $RUNE
THORChain Devs will focus only on L1 swaps and stability/security between now and Planned Obsolescence. For now all THORFi efforts will be ceased. The community may wish to revisit it in future.
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Algo stable experiments are progressing well. For the unbiased buildoor, the scale of the collapse shouldn’t detract from the learnings.
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Replying to @0xdoug @0xtuba
Terra has a lot of great builders and apps which were overshadowed, rightly, by the focus on ust. Without ust, there’s much more room for light to shine on those builders than ever.
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It’s a ponzi if the growth is unsustainable. Otherwise it’s a potential currency.
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If you believe this medium/long-term you significantly reduce your net worth EV. So many people will take the wrong lessons from $UST.
#Tether CTO @paoloardoino explains why Algorithmic Stablecoins don't make much sense
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Rebase ⚡️ retweeted
2018: Watching charts of Bitcoin hoping it recovers. 2022: Watching charts of stable-coins hoping they recover.
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Centralised stablecoins are going to get more and more dominant. And then one day something crypto-native will come along and make them irrelevant overnight.
Something quite interesting is that all dai/maker had to do to win against luna/mim in the stablecoin market was to just keep existing
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Terra is very likely dead. Most will extract the wrong learnings – that algo stables are impossible and that we shouldn't try. Do's greatest contribution has been in recognising *utility* as the key stabiliser. But he didn't heed his own device and chased UST growth too early.
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Also he pissed off half the internet...
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Pretty stable 12 hours, anyway. 😅 $UST
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Absolutely insane. DeFi has gone from a few plebs kicking a bit of USDT around Curve to a full-blown, epic, Giants of Finance battlefield in a mere two years.
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Truly impressive.
Replying to @Evan_ss6
Hard to hate on how successful ETH DeFi has been. It has been the best performing industry to convince people that they're interacting with a centralised economy when all it takes to cascade the whole thing is a batch of freeze orders from the US government to Tether or Circle.
Checking out Lens Protocol for the first time. Seems quite weird. Feels like it takes the read+write+own meme way too far. Who really wants to collect social media content?