1/ There have been several $RUNE supporters who've been skeptical about the Market Cap = 3 * TVL (of all non-RUNE assets) assumption.

It assumes (potential) nodes will start buying up RUNE when the network becomes underbonded...

👇More👇
2/ Critics have asked "why would nodes do that? They already own a lot of $RUNE and it'll get very expensive at some point."

The answer is simple, when the network has less bonded capital than pooled capital it's at risk of funds being stolen. As node operators (NOs) have...
3/ considerable capital locked up, they'll do anything to keep the network safe.

Thus we can safely assume that once the network approaches this 1:1 bond:pooled ratio, nodes will start to buy up $RUNE more aggressively.

Ofc the incentive pendulum already incentivizes NOs to...
4/ bond more RUNE, when the network becomes underbonded. Thus driving up competition to get churned in and raising the average bond.

See previous threads:
Incentive Pendulum: https://twitter.com/Bitcoin_Sage/status/1322831426304266240

What would happen if nodes collude: https://twitter.com/Bitcoin_Sage/status/1321404070389813250
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