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Thorchain's liquidity pools and lending products involving BTC are considered high-risk, requiring strong belief in RUNE's asset value. The dYdX Community has approved the addition of RUNE-USD and AXL-USD pairs for trading. Thorchain operates as a cross-chain AMM with unique features. DyDx uses USDC collateral and Native RUNE Pricing for trading. Strategies like shorting RUNE while providing liquidity are suggested for risk management.
An interesting strategy here would be to short $RUNE whilst providing Liquidity as L1 to TC. This would cancel out part of IL in a downmarket. Thorchads - get in there. https://t.co/IBJRMv9Xzq
This market has been checked. There was some early confusion about asset-type but that has been cleared. DyDx uses USDC collateral and Native RUNE Pricing. Jump on and provide long/short liquidity to RUNE on @dYdX https://t.co/IBJRMv9Xzq
⛓️ On-Chain Vote Created ⛓️ 🗳️ #44 - Should the community transfer and stake 20M DYDX from the community treasury through Stride’s liquid staking protocol? https://t.co/hqBSlzln3t Vote ends Mar 23rd, 2024, 16:26 UTC ⚠️This is only a signaling proposal⚠️ Proposal Summary 🧵👇
