Rhonin | Flipside Analyst

    Rhonin

    Joined Oct 16, 2021
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    12Upvotes
    Net Liquidity

    Net Liquidity

    Dec 18, 2021 - About Thorstarter Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad that meets decentralized liquidity and investment DAO. TS will function as a decentralized organization that works as a decentralized VC firm, investing with its own native currency into new projects and splitting 50% of the launch with DAO members via a native governance token — vXRUNE. DAO members are simply anyone who holds vXRUNE. The DAO treasury will earn fees, and these fees will be distributed in part to vXRUNE holders. The ultimate goal of the Valhalla DAO is simple — to grow the THORChain ecosystem by deepening liquidity for long-tail, up-and-upcoming projects. $THOR Token launch on thorstarter THORSwap is the leading multi-chain, decentralized exchange (DEX) platform powered by THORChain that allows DeFi users to perform cross-chain swaps in a permissionless, trustless, and non-custodial manner. Following the recent closing of a $3.75M round, THORSwap is primed and ready to launch its $THOR token with a Thorstarter IDO. The $THOR IDO on Thorstarter will involve 2% of THORSwap’s total supply. $THOR Token launched on Thorstarter on November 1st, at the same price per token as the private sale. This will be a capped token launch, meaning each participant is capped at max $300 per participant. This is intended to encourage much broader community participation (minimum 2500 participants) and to limit whale activity. https://blog.thorstarter.org/thorswap-ido-date-and-guide-november-1st-1acdf595b199

    Rhonin
    Number Of Users Entering the Sushi liquidity pools

    Number Of Users Entering the Sushi liquidity pools

    Nov 20, 2021 - Liquidity pools are place to pool tokens (which we sometimes call liquidity) so that users can use them to make trades in a decentralized way. These pools are created by users and decentralized apps (or Dapps, for short) who want to profit from their usage. To pool liquidity, the amounts a user supplies must be equally divided between two coins: the primary token (sometimes called the quote token) and the base token (usually ETH or a stable coin). SushiSwap's liquidity pools allow anyone to provide liquidity. you can provide liquidity in link: https://exchange.sushi.com/#/pool When they do so, they will receive SLP tokens (SushiSwap Liquidity Provider tokens). If a user deposited $SUSHI and $ETH into a pool, they would receive SUSHI-ETH SLP tokens. These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point. Every time another user uses the pool to trade between $SUSHI and $ETH, a 0.3% fee is taken on the trade. 0.25% of that trade goes back to the LP pool. The value of the SLP tokens, which represent the shares of the total liquidity each pool, is updated with each trade to add their value relative to the tokens the pool uses to trade. If previously there were 100 SLP tokens representing 100 ETH and 100 SUSHI, each token would be worth 1 ETH & 1 SUSHI (note in this example, ETH and SUSHI are the same relative value). If a user were then to trade 10 ETH for 10 SUSHI in that pool, and another user were to trade 10 SUSHI for 10 ETH, then there would now be 100.025 ETH and 100.025 SUSHI. This means each LP token would be worth 1.0025 ETH and 1.00025 SUSHI now when it is withdrawn. Source : https://docs.sushi.com/products/amm-exchange/liquidity-pools

    Rhonin
    Binance Comparison

    Binance Comparison

    Nov 30, 2021 - The blockchain landscape is as vast as it is diverse. Filled with a rapidly growing number of tools, platforms, and protocols, each designed to boost the utility of cryptocurrencies and provide value to users.But in this complexity, a major obstacle has emerged. Blockchains simply can’t interact with one another. Ethereum, Binance Smart Chain, Solana, Terra, and dozens more blockchains are effectively operating in isolation, due to a lack of in-built interoperability. This has had a knock-on effect of dividing the blockchain community, who often need to pick and choose which platform to get to grips with and support. Over the years, a range of options has been pushed as potential solutions to this challenge. We’re talking about bridges — deceptively simple platforms that allow users to easily move their assets from one blockchain to another (a process known as bridging). PancakeSwap bridge, Terra Bridge, Wormhole Bridge, and even Binance’s bridge platform have seen a dramatic uptick in use over the past several months, as an increasing number of users look to interact with projects and services building on alternate blockchains. By effectively solving the liquidity issue by allowing users to move their assets from one blockchain to another at low cost, without requiring a steep learning curve or excess capital, cross-chain bridges are quickly becoming the go-to solution for those looking to regularly interact with multiple blockchains.And given their rapid adoption in recent months, it looks likely that they will continue to gain momentum in the months and years ahead as more people recognize the benefits of utilizing multiple blockchains. https://markets.businessinsider.com/news/stocks/are-bridges-solving-the-interoperability-problem-10615631 In this article, we examine two bridges protocol in the terra blockchain, the terra bridge and the wormhole. We compare the amount of assets in usd transferred and the number of transactions made by Thera Bridge and the wormhole to Bainance Smart chain. But before I continue, I will give you a little introduction to terra bridge and wormhole. What is Terra Bridge? Terra Bridge is a Web application to transfer Terra's tokens to other blockchain networks like Ethereum, binance smart chain, harmoney. Terra Bridge enables cross-chain transfer of all tokens supported by Shuttle, including Terra native tokens, most mAssets and also other token types from Terra ecosystem. What is Wormhole? Wormhole is a generic message passing protocol that connects to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain and Polygon. Currently there two features built on top of the generic message passing protocol including: 1.A token bridge that allows users to seamlessly bridge wrapped assets between supported chains. 2.An NFT bridge that allows ERC721 and SPL NFTs to be transferred between Ethereum, Binance Smart Chain, Polygon and Solana. If you hold Shuttle BEP-20 UST and/or LUNA on BSC, you can migrate your tokens to Wormhole versions (USTw and LUNAw) using the Wormhole UI. The UI automatically connects to your MetaMask or Binance Wallet and scans for “migration-eligible” assets, including Shuttle BEP-20 UST and LUNA. You can then begin transferring USTw and LUNAw across Ethereum, Solana, Terra, and BSC immediately. Importantly, even if you don’t think you hold Shuttle assets, you should follow the steps below to ensure you don’t have any migration-eligible assets, which is easy to follow and handled by the UI. for more information: https://medium.com/terra-money/wormhole-v2-for-terra-the-ui-walkthrough-595ca6649ae8

    Rhonin