You are viewing a single comment's thread from:

RE: LeoThread 2024-12-17 14:54

in LeoFinance9 days ago

Part 2/8:

The initial goal mentioned is to "deleverage the base layer" that aims to simplify operations, making Thorchain simpler, more reliable, and focused primarily on cost-effective swaps while also increasing Total Value Locked (TVL) in the protocol.

A pertinent dashboard is the Lending Dashboard from NRS. Although loan services are currently closed, historical data indicates that borrowing led to a reduction of Rune token supply. Paying back these loans leads to the tokens being potentially reminted. If loans were to come due simultaneously, estimates suggest that an influx of approximately 30 million Rune tokens could enter the market, influencing its price accordingly.