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Swapping BTC on Thorchain is unicorn-level good, extremely low-risk and requires very little belief in TC’s integrity. But entrusting your BTC to Thorchain’s liquidity pools or lending products is very risky and requires extremely bullish belief in the asset value of RUNE.
Will I get Rugged on Borrowing against my BTC using ShapeShift / ThorChain? I respect the crowd. If crowd says yes, I will limit to 1 BTC.
Over $3.1 BILLION traded on @THORChain in the past 7d. The utility is real. Resilient project. Don't fade. 💫 $RUNE https://t.co/zxTUcZGsCW
THORChain, a cryptocurrency exchange, is making headlines with its ambitious goal to become the top crypto exchange by achieving a $50 billion volume per day, surpassing Binance. This goal is underpinned by a strategy to scale technology for improved efficiency. In recent developments, THORChain has reported over $3.1 billion traded in the past week, showcasing its utility and resilience. Additionally, the platform has maintained a record of no liquidations on its lending services involving $RUNE. Despite the optimism, there are discussions in the community about the risks associated with using THORChain for swapping BTC, borrowing, and lending, highlighting the need for a strong belief in the asset value of RUNE.
