hey this sounds really interesting. I keep hearing about thorchain and Im tempted to get started. I only recently got involved with Cubdefi and I wrapped my Eth in there but I was holding off on my BTC and this sounds like it could be the right place for it. Will I have to match my BTC with Thor like in liquidity pools?
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You can match your BTC with RUNE if you wish. Or you can just add the BTC to the pool. The pool effectively sells half your BTC to RUNE for you. In the short run, it means you decrease BTC exposure, and increase RUNE.
This strategy can work well if you think RUNE will outperform, as what is actually happening is the pool is automatically selling some of your RUNE for BTC as RUNE increases.
Here is an example of how that can work. Each day I have been adding $50 - $100 (roughly) worth of BTC into the pool. (This is Bep2 version btw, not native). I did put a tiny amount of RUNE in, but mostly it has all been BTC. As RUNE has outperformed BTC over the time period, I have gained back a portion of the BTC initially swapped to RUNE when depositing.
Just one example of how it is never too late.
Earning better than a couple percent on blockfi or whatever, without having to wrap your BTC (once the multichain scales up a bit) will be a gamechanger.
There is no rush, now is the time to plan your strategy and prepare.
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thankyou for your in depth reply :)
I always like advice that reminds me not to rush.
I will keep my eye on it and prepare a game plan
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