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The Last Degenurai⚡
@degenurai
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The rise of the degeneration begins here, together we topple Rome
Joined April 2021
RT @rykcrypt: .@THORChain's revenue model rests on two key pillars: 1. Swap Revenue (Liquidity + Outbound Fees) • Generated from fees when…
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@AutoStakeThor @THORChain Exactly, the app layer turn with orderbooks and perps is going to burn so much with the volume it brings in. These next few weeks will be the only opportunity to accumulate
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Over 2000 $Rune burned and permanently removed from circulation over the last 24h. This will continue day in, day out. @THORChain
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@skelethorfi @ImnotleavingE I’ll add millions of agents coming online wanting to trade cross chain and only being able to do it decentralised due to kyc on CEXs
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@0xinternetchild Maybe walk before you trying running, at the moment it’s a terrible experience
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@RujiOnlyHans @CryptoLush_ Would also work to be fair. I guess the same amount of dilution would apply though. A shiny new branding and chart could be a bonus though. Could also be used to merge back $TCY. Could get behind this idea actually
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@RujiOnlyHans @CryptoLush_ Where else are thorchain going to get enough to cover the market cap of a successful $Ruji?
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Every time for example some swaps from btc to eth they go through rune. So btc is used to buy rune and then rune to buy eth. The swap fee is a tiny percentage that is taken from that in the form of rune brought, creating buy pressure on the pools from every swap. Of that buy pressure 5% is now burned forever creating a net permanent burn 🔥
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@BooneW @CryptoLush_ Depends what $Rune holders get from it, if they get 100% of $Ruji income rather than 50% it might be worth the ~75mil extra tokens. We’d also have a whole new community added. The reserve is not worthless, it provides future options for more revenue streams.
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@vnson01 @THORChain Sell pressure of block rewards has been removed, the token supply will decrease over time making it scarcer
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@RuneRefund @CB00mer @WeiDai6502 @Zeikan_1887 @BooneW @OX_DAO @AaluxxMyth @ayaneo_thor @Fakk2 @iceman00008 No one wants to enrich grifters, go away
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@hedgefunder01 @iceman00008 @BooneW Millions of agents will be spawned over the next year or 2. They will will want to trade across chains and won’t be able to on CEXs because of kyc. You can probably add an extra zero on that when you think long enough about what volume and therefore yield that brings in
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