pull down to refresh
Not sure if this is included from jump in their implementation, but thorchain also offers through their apps like thorswap a way to earn yield on a native L1 asset. That means you could in the future allow your assets to participate in a liquidity pool, insure against price risk (because you don't take the full LP risk in exchange for a lower yield), and get a native yield on monero and borrow using monero as collateral. This would all obviously come with additional risk and I have no guarantee they will integrate it (or even can (monero is often harder to integrate than other cryptos technically speaking from everything I've heard)), but that would be a huge unlock of financial functionality for monero users.
reply
This is a response I had when someone said that Thorchain wouldnt be a BIG addition:
Total lifetime volume of Thorchain: $124 Billion
Yesterday's volume: $30.6 million
Near intents lifetime volume : $27 Billion
Yesterday's volume: $68 million
Total lifetime volume of retoswap:
$200 million (back in January)
Yesterdays total liquidity: $6.4 million
basicswap total liquidity: $122,000
This isn't a 1:1 comparison but can't find perfectly overlapping metrics
But adding Thorchain will open a HUGE door
I hope there aren't more security issues, but the volume that thorchain will open up will definitely be the biggest market, by a huge margin, that isn't a CEX