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liquidity mining (LM) on @thorchain_org is superior to lm of $comp and $bal
these 'governance tokens' fundamentally offer less return and are riskier than LM on thorchain
here's why
these 'governance tokens' fundamentally offer less return and are riskier than LM on thorchain
here's why
on compound, say you provide 1 $wbtc – you're going to receive a bit of $comp
that $comp MIGHT be worth a share of profits down the line – maybe $comp holders are going to vote in earnings, maybe compound is going to grow
but valuation is highly subjective–you're taking a punt
that $comp MIGHT be worth a share of profits down the line – maybe $comp holders are going to vote in earnings, maybe compound is going to grow
but valuation is highly subjective–you're taking a punt
thorchain liquidity mining is superior on multiple fronts
when you provide #btc
you're providing PURE, CLEAN $btc
you're not exposed to minting risk – decentralized or otherwise
when you provide #btc
you're providing PURE, CLEAN $btcyou're not exposed to minting risk – decentralized or otherwise
the assets you're mining are far less risky
firstly, you're mining #btc – which you already own and love
secondly, you're receiving $rune – which is just a far, far superior asset to a $comp/$bal
why is $rune superior to $comp and $bal?
firstly, you're mining #btc
– which you already own and lovesecondly, you're receiving $rune – which is just a far, far superior asset to a $comp/$bal
why is $rune superior to $comp and $bal?
1. $rune doesn't have wishy-washy, subjective, meatspace governance that's dictated by @a16z and other silicon valley types
assets are added in a purely mechanical way, transparent to all
assets are added in a purely mechanical way, transparent to all
2a. the value of $rune is perfectly predictable
the more connected assets, the higher the value of $rune
in fact, simply by providing your $btc to the network you are undeniably, boosting its value
the more connected assets, the higher the value of $rune
in fact, simply by providing your $btc to the network you are undeniably, boosting its value
2b. future cashflows aside (which only add to the value), $rune has the most perfectly deterministic value accrual mechanism OF ANY ASSET, traditional assets included
(happy to be challenged on this, and to dig in deeper to y this is true)
(happy to be challenged on this, and to dig in deeper to y this is true)
3a. $rune has a higher potential marketcap of any other defi asset
say what you will about $XRP, $XMR and those kind of assets, but there's an absolute shit-ton of economic bandwidth sitting in them
say what you will about $XRP, $XMR and those kind of assets, but there's an absolute shit-ton of economic bandwidth sitting in them
3b. that value is ONE BIFRöST module away. i.e. it's really easy to get that juicy bandwidth into @thorchain_org. couple that with point 2 and you've got some 
EXPLOSIVE deterministic value accrual potential
EXPLOSIVE deterministic value accrual potential
3c. the value which @thorchain_org has within reach, with $btc, $xmr, $bnb, other large cap assets absolutely dwarves anything that compound and balancer have within reach, limited to assets only on ethereum
so yah, basically, get HYPED about @thorchain_org mainnet, coming soon... and chaosnet even sooner
