I would advise everyone against using Thorchain, it's basically a safer version of Luna.
It will work great until liquidity disappears from RUNE's buy orderbook.
What they do isn't even loaning, they just sell your collateral to pump their coin, if you want back your collateral they will dump their coin and try to buy back your collateral.
Imagine if BTC does 10x and people want back their collateral, if it happens in the beginning of the bear market they will mint and market dump all the RUNE into empty buy orders, their coin will go near 0.
They say it's safer than Luna because there is a limit cap on the minting, but what if there is a bug and minting won't stop, also this limit doesn't solve the disappearing liquidity problem.
Although long positions on this coin in the bull market and short positions in the bear market is a good idea, but using their chain is not.
What use could I have to be able to trace any phone number with this tool?
Public Service Announcement by the public servants who care so much about us :)
Crypto Cash Out - Ireland Resident - US & Irish Citizenship
