Hey, everyone! THORChain has been through quite a journey from its inception to where it stands today. One of its distinctive characteristics has been the Savers Vaults, and now they are taking it a step further by implementing the Rune Savers Vaults
In this clip:
- Rune Savers Vault coming to THORChain
- The community contributed RUNE will replace the one coming form the reserve
- You don’t have to pick which pair’s pool to contribute
- A long term position on the pool will be the best strategy
Savers Vaults are a feature on THORChain that enable users to contribute to a pool with only one asset, for example, by contributing only Bitcoin in a BTC/RUNE pool. The RUNE side in this case, is contributed by the reserve.
With Rune Savers, users will be able to pool only RUNE, replacing the existing volume which will return to the reserve. This will make the pools completely owned by the community.
This way, users don’t need to worry about the prices of other assets, their dynamic, and having enough to pool on both sides. They will also be earning a global APY. The best way to see your earnings would be in a long term position on the Rune pool.
This concept is amazing; it could bring RUNE that is currently on CEX back to the protocol, attract more community members to provide liquidity, and benefit the ecosystem.
Check out this clip to learn more about Rune Savers from @jpthor89.