...team sent our Institutional clients a deep-dive report on THORChain, highlighting its native asset $RUNE...

Runes operate on a UTXO (Unspent Transaction Output) basis, where during a Bitcoin transaction, the Rune...the first Runes created....Runestone Runes based on the number of inscriptions held....Distribution of Runestones to Ordinals holders Our Perspective on Runes Runes represent a fresh avenue...

Runes So Far In one week, users etched more than 11K Rune tokens into Bitcoin....timelines around transitioning to Runes are unknown as four ticker Runes are not live until 2027....Regarding BRC20s vs Runes, Runes seems to be ultimately supplanting BRC20 transactions....I was initially excited about Runes, but as their launch wa...

Rune etch transactions create new Rune tokens....The decline in Rune etches, which are responsible for most Rune fees, has also led to a sharp decrease...There have been a few popular Runes, RSIC GENESIS RUNE, for example..../user/Runes_is/runes-overview...

Runes are closer to true ERC20 fungibility. Runes are a meta-protocol for making fungible tokens....What are Runes? (22:31 – 35:40) Rune balances are stored in Bitcoin UTXOs....Rune names are unique. Runes can have an open mint, like BRC20, but not necessarily.

Since the last, “Fundamentals Outcompete Price On THORChain” Alpha Feed post, $RUNE appreciated more...In the chart below, I take a look at how Rune price fairs against Non-Rune TVL....I define Speculative Multiplier (SM) as Rune Price / Non-Rune TVL * k, to get a sense of how much of...the recent Rune rally is based on hype vs fundamentals.

In a recent AF post, I looked to see if there was upside in buying Rune Pups ordinals vs PUPS BRC-20....I outlined some very optimistic scenarios for holding a rare Rune Pup....The team has finally released the actual allocation based on Rune Pup type so we can look back with certainty...Of the 22.3% for Rune Pup holders, the rares got 22.3% and the commons got 77.7%.

What are Runes?...Unlike BRC-20s, Runes are a fungible token standard meaning each Rune is interchangeable....High Level Overview Runes Protocol along with Runes launch at the halving block, ~ April 19 Runes balances...Rune name unique....Runes are more efficient.

Rune (Maker founder) caused quite a stir on CT the other day with his proposal to begin development on...First, a quick summary of what Rune is actually proposing: “NewChain” will be a standalone blockchain...Rune argues Solana has a strong community of developers growing and technically superior to other options...

...buy, PUPS BRC-20 or Rune Pups?”....While we know that Rare Rune Pups will get a higher allocation than Common Rune Pups, we do not know...If all Rune Pups got the same distribution, each would get ~21,357 PUPS. (230,000,000 / 10,769 Rune...We see that buying Rare Rune Pups would be a huge loser, while buying Common Rune Pups would provide...

...amount of RUNE in pools....Since pools are always 50% RUNE and 50% asset, and bonds are 100% RUNE, if RUNE underperforms paired...>= Pooled RUNE)....BEP and ERC20 RUNE can be voluntarily upgraded to native RUNE....This caused an undesirable effect where native RUNE holders couldn’t move their RUNE while BEP/ERC RUNE...

...those being Non-Rune Assets....Rune from LPs....increasing when Rune outperforms and decreasing when Rune underperforms....; Total Pooled Rune (= Rune being LPed + all iRune Collateral + all Synth Collateral)....on Rune.

Rune posted a thread that lays out the collection of MIPs that make up the Pregame phase of his plan....If all but one of the MIPs are approved, it signals the adoption of Rune’s Endgame....Optional LDO <> MKR Swap: Rune is offering to swap 20m of his LDO for MKR for a 33% discount....The changes proposed by Rune are monumental for Maker and DAI.

Rune says that the RWA division of Maker was working on the assumption that governments would broadcast...But with the quick actions against Tornado Cash, Rune now believes this is not the case....However, there is some disagreement with the methods proposed by Rune....Some users are even questioning Rune’s forgone conclusion that regulators will become more unfriendly...

...create an actually trustless, blackhole liquidity pool for cross chain assets with novel token econ (RUNE...Anyone can amass the amount of RUNE needed to run a node, and there will be 99+ nodes over time....Disclosure: Delphi Ventures and Delphi Digital Employees hold RUNE.

Since the synths are an IOU on the non-Rune asset, when Rune outperforms the non-Rune asset, dual LPs...When Rune underperforms the non-Rune asset, savers capture a portion of dual LPs’s deposit. ...IL when Rune outperforms....non-Rune asset in a bear market.

...bonded) than value secured (Rune pooled)....BTC) and 50% RUNE....If RUNE underperforms then the protocol needs to mint RUNE to cover the shortfall....As RUNE increases vs other assets, RUNE is essentially removed from pools....BTC), swaps it to RUNE, burns the RUNE and issues a loan in the borrower’s desire.

Nodes control consensus and the value of RUNE bonded must always be > 3:1 ratio to value of external...Thus, as the value of bonded RUNE increases, the capacity of the network (amount of external TVL it can...facilitate) increases which means more liquidity, security and value accrual for RUNE.

...examples of tokens that were successful given their value capture was hardcoded in from the get-go (RUNE...Staking works for Ethereum, fees work for SushiSwap, and bonding/pool asset works for Rune. ...RUNE earns fees from trades of any asset, Uniswap earns fees on a multitude of assets and Yearn’s fees...

,🔮) (@PythNetwork) June 2, 2022 Binance Supports BEP2 RUNE Mainnet Swap THORChain is going mainnet...– with full support of @Binance – the most liquid venue for BEP2 RUNE....Onwards $RUNE — THORChain (@THORChain) June 2, 2022 Dive into Aura With the Aura protocol launch right...