[Recap] THORSwap launch on Olympus Pro and THORChain Network Stability (🔱,🔱)
How Ohm Pro & THORSwap’s Incentive Pendulum will lead to a more efficient THORChain network
Olympus Dao x THORSwap (🔱,🔱)
In just 1 week you THORChads have bonded nearly $300,000 worth of assets on Olympus Pro!
Whilst you guys have been receiving discounted $THOR, THORSwap has acquired:
- $137,619 worth of THOR-ETH liquidity
- $49,476 worth of RUNE-ETH liquidity
- $103,957 worth of ETH.RUNE
Thank you to all the Chads who are participating in the Olympus Pro x THORSwap bond programme. You are contributing to THORChain’s Network Stability and THORSwap‘s growth!
Game theory (🔱,🔱) and contributing to THORChain’s Network Stability
We recently unveiled THORSwap’s very own Incentive Pendulum — to efficiently balance liquidity levels to promote network stability by adjusting $THOR staking incentives which shifts demand for Olympus Pro bonds.
The $THOR liquidity pool on THORChain was inefficient given its current trading volume, putting inefficient demand on THORChain nodes and LPs. This strains THORChain’s incentive pendulum: nodes are less lucrative resulting in less node bonding.
By reducing LP farming emissions on the $THOR pool, THORSwap is reducing liquidity in order to open up more space on the THORChain network for other, more efficient liquidity. This additional cap space allows for bonding to key L1/L2 blockchains and key DeFi protocols.
As THORChain pools become more efficient, nodes and LPs benefit, increasing stability and bonding within the network.
While sacrificing THORSwap’s own liquidity to help stabilise the THORChain network, Olympus Pro bonds allow THORSwap to acquire liquidity which can then be deployed more efficiently: increasing liquidity on Sushi pools, increasing demand for $THOR, running a THORChain node, etc.
$THOR Sushiswap pools will soon be listed on Sushi Onsen (all Olympus Pro partners are automatically added), meaning boosted $SUSHI rewards for THORSwap and $THOR!
NOTE: Olympus Pro bonds are completely different from bonds for THORChain Nodes. Ohm Pro bonds are for acquiring discounted $THOR by providing assets. THORChain Node bonds are the required amount of $RUNE needed to set up a THORChain Node, also called “bonding” into the network.
Protocol Owned Nodes (PON)
Roughly 300,000 $RUNE is required to operate a node on the THORChain network. Within 1 week we have acquired 16,449 $RUNE, 5% of the way there!
Operating a THORChain Node will improve THORSwap product stability, grow THORSwap’s Treasury, and of course, accrue value to $THOR hodlers.
$THOR liquidity on THORChain was reduced by over 50%, thereby reducing inefficient demand on THORChain nodes significantly!
THORSwap has acquired 2% of the RUNE-ETH SLP
Check out live updates on THORSwap’s protocol owned liquidity (POL) and ETH.RUNE on Dune Analytics: https://dune.xyz/tsa/THORSwap-Olympus-Pro
Bond, then Stake (🔱,🔱)
Keep trooping on to earn more yield for yourself, while playing a critical role in strengthening THORChain and THORSwap:
Onwards and Upwards (🔱,🔱)!
THORSwap is the leading multi-chain, decentralized exchange (DEX) platform powered by THORChain. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.
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