How Does THORCHAIN Work? DEFI Explained


So what is Thorchain all about? How does it work? And how does it make it possible to swap between native assets across different blockchains? You’ll find answers to these questions in this video.

With billions of dollars in trading volume, decentralised exchanges have been gaining more and more traction. It’s not uncommon to see over $1B in daily trading volume on Uniswap alone.

Although protocols like Uniswap, Sushiswap or Curve are great when it comes to exchanging assets within the Ethereum ecosystem, they don’t support swaps between different blockchains.

To accommodate this problem, a common approach is to represent external assets in the form of wrapped or synthetic tokens on Ethereum. The most popular asset on other blockchains outside of Ethereum is of course Bitcoin. There are multiple ways of representing Bitcoin on Ethereum that allows it to be traded on decentralized exchanges. Wrapped Bitcoin, renBTC, sBTC to name a few.

Even though most of these approaches work fine, they usually make certain tradeoffs when it comes to either the custody or the security of the assets. If you want to learn more about it check out this video here.

What if there was a way of swapping native assets instead? For example, making a trade between Bitcoin on the Bitcoin blockchain and Ether on the Ethereum blockchain.

And this is exactly where Thorchain comes into play.

💰 Bitcoin On Ethereum video ► https://youtu.be/iExly7FGKAQ
💧 Liquidity Pools video ► https://youtu.be/cizLhxSKrAc

📘 DeFi Guide ► https://finematics.com/guide-to-decentralized-finance/
📖 Post ► https://finematics.com/thorchain-explained/
🐦 Follow Finematics on Twitter ► https://twitter.com/finematics
💛 Support Finematics on Patreon and join our Discord community ► https://www.patreon.com/finematics

🔒 Ledger ► https://shop.ledger.com/pages/ledger-nano-x?r=b0b220a75e03 (affiliate)
📱 Argent Wallet ► https://argent.link/finematics (affiliate)
🌐 Get your .crypto Unstoppable Domain ► https://unstoppabledomains.com/r/8160a196fa7e4ac

Why is Online Day Trading So Hard? More Specifically the Emini Futures – Part 2

OK, as we discussed in the previous article about becoming a Emini Futures trader, it is important to and necessary to have a day trading system. Another important factor I realized is how important psychology when Emini Future trading or simply taking intraday trades.

News Trading

As a trader you must be thinking that having a perfect strategy is enough to make you make winning trades. But you should always beware of a wild card that lurks out there. Yes, the breaking news. As a trader you should always learn to respect the news.

Automated Forex Trading Robots Or Just Manual Trading?

First and foremost, what is a trading robot or expert advisor (EA) as it is also called? An EA is programmed software, “artificial intelligence” coded electronically with a trading strategy or technique, and when fired up it works exactly as it is designed to do.

ETF Trading Signals Review – Does it Work?

The Stock Market and the Forex Market are the most well known investments in financial circles. These investments can provide large returns on investments, but they come with fairly high risks. Not all investors want to take the chance with their money.

Tips on Day Trading For a Living

Day trading used to be an activity for people who specialized in the market. It was for professional stock traders who made their way down into the pits of the stock exchange. But the stock exchange has moved its way onto the internet, and with this online availability it has become possible for more and more people to use day trading for a living.

ES Emini – Often Misused, the MACD Can Put Money in Your Pocket

I am interested in the this rate of change indicator to give me some insight into the strength of the current short trend. I cautioned early in the article not to use the MACD as a primary indicator, and I think this is good advice. In short term trading you will find yourself whipshawed in and out of trades and pile up small losses.

Day Trading For Beginners

Trading the financial markets has become extremely rewarding, for those investors that have mastered the intricacies of intra-day and other short-term trading techniques. Day-traders focus on rapid or short-term day-to-day methods to potentially profit from market movements. The markets traded are usually highly liquid index futures, currencies or stocks. Traders use either intra-day strategies designed to generate buy and sell signals within the same trading session, or short-term strategies designed to be open for a period of up to three days.

Why is Online Day Trading So Hard? Specifically the Emini Futures? Part 3

In the previous two articles, we have discussed some E mini trading errors that lead to failure and blowing up a fairly large account. We then discussed how I took time off and through that time discovered I truly did not have a day trading system that would suffice and reach my Emini futures expectations. So what did I do?

What Are S&P Emini Contracts?

Discover what an S&P Emini contract is and where it is derived from. Understand the popularity the S&P Emini brings a futures trader and how you can capitalize…

How to Chose a Day Trading Course

Tips to finding a good day trading course. What type of day trading system is offered? What should and shouldn’t be included when looking for your day trading course.

You May Also Like