Thorchain's liquidity pools and lending products involving BTC are considered high-risk, requiring strong belief in RUNE's asset value. The dYdX Community has approved the addition of RUNE-USD and AXL-USD pairs for trading. Thorchain operates as a cross-chain AMM with unique features. DyDx uses USDC collateral and Native RUNE Pricing for trading. Strategies like shorting RUNE while providing liquidity are suggested for risk management.
An interesting strategy here would be to short $RUNE whilst providing Liquidity as L1 to TC. This would cancel out part of IL in a downmarket. Thorchads - get in there. https://t.co/IBJRMv9Xzq
This market has been checked. There was some early confusion about asset-type but that has been cleared. DyDx uses USDC collateral and Native RUNE Pricing. Jump on and provide long/short liquidity to RUNE on @dYdX https://t.co/IBJRMv9Xzq
⛓️ On-Chain Vote Created ⛓️ 🗳️ #44 - Should the community transfer and stake 20M DYDX from the community treasury through Stride’s liquid staking protocol? https://t.co/hqBSlzln3t Vote ends Mar 23rd, 2024, 16:26 UTC ⚠️This is only a signaling proposal⚠️ Proposal Summary 🧵👇
⛓️On-Chain Vote Created⛓️ 🗳️ Should the Community add $ARKM as a new market on the dYdX Chain? Vote ends Mar 23, 2024, 11:06 UTC https://t.co/J6Mt8dribH https://t.co/BwxTqDDXAL
The dYdX Community has voted in support of adding AXL-USD to the dYdX Chain! The AXL-USD pair is active for trading at https://t.co/kGvVIYTFai 📊 https://t.co/715IQk7GnX
No one is claiming #Thorchain lending is ‘zero risk’ It’s simply an alternative risk framework that many may find more useful than the traditional lending markets. It’s not inherently less risky, it’s not inherently more risky, it’s just a different risk profile ….🧵 $RUNE
How does @THORChain works? 1- It's a cross-chain AMM, LP style. In simple terms, think about a pool with native BTC + native ETH (without being constrained by both assets needing to be on the same chain).
The dYdX Community has voted in support of adding RUNE-USD to the dYdX Chain! The RUNE-USD pair is active for trading at https://t.co/5X8ip69Zgo 📊 https://t.co/XbQEF30nZN
Swapping BTC on Thorchain is unicorn-level good, extremely low-risk and requires very little belief in TC’s integrity. But entrusting your BTC to Thorchain’s liquidity pools or lending products is very risky and requires extremely bullish belief in the asset value of RUNE.