RE: Goals for 2023
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THORChain is coming out with a lending model that is risk free. It should be unrolled in the next few months (they are saying Q1 2023). If you are thinking about taking a loan out on BTC to buy a house... THORChain might be the way to go... no threat of liquidations, no stress... just pay it back when it is really worth it.
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I was wondering about that. I heard Khal talking about it. Speaking of RUNE, I have a small stack in the ERC-20 version. Do I need to do something with that? Like convert it over to the native RUNE or something? I'm terrible with keeping track of things that are underperforming. lol Except HIVE....
Yes, you need to convert it. It is slowly deteriorating as ERC-20 (for lack of a better word)... so you will likely trade 10 ERC-20 Rune for 9 native Rune at this point.
Do I do that on Thorchain? Is there a certain wallet I should have. It's in metamask now. Thanks for responding to this, by the way. It's been staring me in the face for a while and I was just going to make a run at figuring it out myself over the next week.
Thorswap is the app that I use. (A THORChain front end).
(I periodically check my replies... sorry for the late one)