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.

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