Thorchain is a great project with great utility.  There is no doubt that it has unique abilities with its pools.  THORChain is the correct design they claim.  So, it will stand the test of time. Over collateralized, economically secure, no wrapped assets, sustainable security budget, no delegation, high churn, and anon nodes.

Human: The longer your money is exposed, the higher the chance of a rug

Smart contract: The risk diminishes over time.

It’s a no brainer.

Community Reaction:  It isn’t a no brainer though. Many examples of smart contracts that have been in the wild for (relatively speaking) very long times. Then bam, exploit, 100% loss. Like the comfy Turkey and Christmas. The only responsible risk management with SC is massive diversification.

If you do basic due diligence, you’ll avoid 95% of hacks. The huge majority rugs are on unaudited contracts. People overestimate smart contract risk It’s a lot less risky than counterparty risk, especially when the counterparty is a marketing agency, not a risk management one.

ThorChain is a Defi protocol that acts as the De Facto DeFi cross chain exchange. Liquidity providers are receiving around on average 18% APY coming from user swaps. Rune is the token.

Cross-chain Dex Aggregator: Delivered. Any asset, any chain; to any asset, any chain. The power of THORChain.

For more clarity, THORChain:  “It’s clear that the “DeFi” sold to retail users across 2021 and 2022 to attract deposits was nothing more than irresponsible and unsecured trading of user funds via centralized management. In some cases, even via single private keys (not even multi-sig!)

The great loss here is that the billions of capital from millions of retail users was squandered and siphoned away into the hands of a few sophisticated and ruthless market participants. The trust lost here will take years to turn around.

The shining light is that DeFi has a chance to rise from the ashes, where yield strategies are transparent, sustainable and completely on-chain. THORChain deploys millions of dollars from thousands of users into L1 liquidity pools, where swap fees are the sustainable yield.

There are no centralized fund-access keys and all fund-management logic is protected by ~100 decentralized anon nodes. Any code logic changes takes weeks of review, before being deployed across multiple networks, then finally only being activated by 100% opt-in consensus.

Today THORChain is the only true decentralized cross-chain liquidity protocol, and is in an extremely strong position to grow in the years ahead. Onwards. RUNE.”