Thorchain Will Introduce the Best Single Staking Yield Farms in All of DeFi
Thorchain is quickly becoming one of the most important projects in the entire Crypto industry.
With major centralized exchanges crumbling to the pressures of global regulation and mounting uncertainty against crypto trading in general, Decentralized Exchanges (DEX) are becoming the saving grace for crypto's future.
Cryptocurrency is all about sovereignty. It's about not needing to fold to government pressures or corporate monopolies.
CEXes were necessary to get us to this point in the industry. They still are necessary today. They are our fiat onramps and offramps. They allow us to seamlessly trade crypto assets with low to no fees (in most cases).
Many in the space understand that the future is in decentralized alternatives. Companies like ShapeShift have already shifted their applications to use decentralized backends like Thorchain.
In This Clip, we explain the upcoming Thorchain Single-Asset Staking protocol. The Thorchain team designed its own version of Protocol Owned Liquidity that is completely unlike anything else in the industry.
By using their treasury reserves of RUNE, they're creating backed Synthetic RUNE. They'll begin to allow users to deposit single-stake assets like Native BTC into the protocol.
The protocol will then match the user's native BTC with Synthetic RUNE in the Liquidity Pool. The treasury will also have IL - impermanent loss protection. This allows the user to provide liquidity to the network in the form of a single, native asset like BTC without having exposure to RUNE or any impermanent loss.
It's the first of its kind and it is truly exciting for the entire space. Thorchain is currently sitting at around #72 in market cap. I don't think it'll be there for long... accumulating native RUNE on Thorswap at $5.60 (current price) seems to be a no-brainer move.
LeoFinance is a blockchain-based social media community that builds innovative applications on the Hive, BSC and ETH blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
| DeFi Platform | Tokenized Blogging | Track Hive Data |
|---|---|---|
| Cub Finance | LeoFinance Beta | Hivestats |
 |  |  |
| Native DEX | Wrapped LEO (ETH) | Hive Node |
|---|---|---|
| LeoDex | wLEO On Uniswap | Witness Vote |
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▶️ 3Speak
Wow am just knowing about the Thorchain, thanks for updating such I really appreciate it
Posted Using LeoFinance Beta
Dexes are the future. Great move from the thorchain team. That project seem to be very innovative with their development. Really seem smart to grab more at it current price. Thanks for the information
Posted using LeoFinance Mobile
The Thorchain Single-Asset Staking protocol will be huge. Been holding and pooling my native RUNE for months now, through all the storms. Nobody said it was going to be easy, but it's definitely going to be revolutionary.
Posted Using LeoFinance Beta
I was wondering why there wasn't that kind of things allowing people to stake almost any kind of coins alone !
I'll definitely try that ! I already tried to put money on ThorSwap oneday but I was enable to buy some RUNE, no idea why
Posted Using LeoFinance Beta
Wow this is my first experience to know about thorchain which I believe it gonna be a very great innovation with this development. Thanks for the information
Thinking to invest more......
I hear a lot about Thorchain these days but haven't tried however now since I can see more action on this so will check out thorswap. Is Leo going to have any development related to this in coming months. It should be exciting if it happens.
Single staking pool will change a lot I must say and I see more activity and development on thorchain very soon. It will be a very good buy from here
Posted using LeoFinance Mobile
does anyone have a link for a good tutorial on Thorchain and how to stake etc? This seems like something I would make time to learn about. So many opportunities and so little time but I would make time for this one. Any suggestions would be appreciated, thanks in advance
Posted Using LeoFinance Beta
LOL
censorship resistant they said
just want them to admit they are pumping other coins instead of hive. all thier projects move your hive into something else.
Thank for the information about Thorchain and have really learn alot from your post about crypto market as a new user... will invest on Thorchain.... tnx once more for the information...
Staking is a sure way to earn passively with crypto. When it comes to crypto staking, I prefer non-custodial platforms like the multi-coin wallet application from https://atomicwallet.io/, where a number of coins can be staked for a good APY.
I hear only " RUNECUB"
Now i want runecub.
where can i farm?