Thorchain Raise The Caps. The more rune holders provide liquidity with their rune, the more accurate deterministic rune becomes. Appreciating asset rune is required to be paired as a settlement asset 1:1 in pools.
Sounds like it requires moving quickly in order to provide liquidity. The developers regularly increase the liquidity cap which allows new or existing liquidity providers to stake more assets. The node cap has been raised to 36 nodes. proof source | exchanges.
This Meant It Was Crucial To Get In Quick.
There are currently 158,432,088 rune tokens in circulation, with a total supply of 500,000,000. Currently, the soft cap has not been reached. Thorchain (rune) $6.31 (1.81 %) view coin.
However Due To The Enormous Interest In Thorchain, The New Liquidity Cap Would Usually Be Reached Very Shortly After Being Raised.
09 oct 2020 apple calendar google outlook. If you’ve spent time on ct, you’ve seen #raisethecaps, the plea from thorchain liquidity providers to increase the size of liquidity pools on the platform. Everything was completed in about 2 hours and trading was resumed.
Thorchain Has Partnered With Bitmax.io ( Btmx.io) To Launch Bepswap To The Global Binance Chain Community, Which Will Include Staking Of Bep2 Assets, Swapping And Potentially Other Capabilities, Such Lending, And Derivatives At A Later Date.
Caps were raised to 18m for the launch and have been subsequently increased to 22m. 101 anonymous nodes performed all of the steps correctly with no major issues. I was checking out the last time the caps got raised and at that time there was about a 3 dollar jump, tomorrow morning the liquidity pools capacity is going to be significantly larger.
This Is Defi For Hardcore Bitcoin Maximalists;
Thorchain nodes must bond a dollar amount of rune that’s worth at least 1.5 x more than the dollar value of the cryptocurrency in the thorchain vaults they operate. Thorchain liquidity pools and it's price tomorrow after the caps get raised. This is an upper limit across all pools combined;
A Trustless, Immutable Way To Earn Yield On Your Bitcoin Without Trusting A 3Rd Party Like Blockfi.
A lightning fast decentralised exchange protocol. There are also mccn updates, big community updates and new chains. Liquidity caps will be raised, stagenet will soon be launched, the router will be upgraded to position thorchain for the new year.