THORSwap, a decentralized exchange leveraging the THORChain network for cross-chain crypto swaps, has the launch of RUNEPool. The release of RUNEPool on THORSwap focuses on initiating an exclusive epoch of diversified yield in $RUNE. The platform revealed this development in a comprehensive article on the social media platform X.
@THORChain RUNEPool is officially live!
https://t.co/Bv9BdjJbc4
Deposit $RUNE to Earn $RUNE by providing liquidity paired with blue-chip asset pools.
A New Era of Diversified $RUNE Yield awaits!
Learn more
https://t.co/uYXakrAIYu pic.twitter.com/QIUfqp4Zzg
— THORSwap
#BetterThanCEX (@THORSwap) July 31, 2024
THORSwap Unveils RUNEPool for Enhanced $RUNE Yield
The company expressed enthusiasm for this initiative. It added that the development plays the role of an important landmark for the optimization of liquidity provision. In addition to this, it also contributes to yield generation for those holding $RUNE tokens. RUNEPool operates as THORChain’s strategic feature to improve the $RUNE liquidity. For this, it distributes deposits across diverse pools having Protocol Owned Liquidity.
The respective approach diversifies the risk along with maximizing yield potential. As per THORSwap, the users can deposit $RUNE coins into RUNEPool. Their distribution across several blue-chip asset pools is to occur afterward. These pools take into account USDT, USDC, DOGE, LTC, BCH, ATOM, AVAX, and the rest of the prominent assets. The respective diversification assists in reducing the influence of impermanent loss with the provision of a stable yield.
The New Feature Offers Boosted Yield Opportunity, Decreased Impermanent Loss, and More Liquidity
RUNEPool’s chief benefits for the Users Include improved yield opportunity, minimized impermanent loss, and leveraging Incentive Pendulum. Incentive Pendulum is a THORChain-based project that balances the economic state of the network. In this respect, it switches between bonding as well as liquidity positions according to the requirement. Initially, the feature offers a minimum deposit span of 90 days, based on the last deposit of the user.
However, the consumers can adjust the respective period via network parameters set by THORChain Node Operators. Moreover, the participants can generate yield from all the pools that are enabled in the network. THORSwap added that the platform will deduct a two percent fee from the withdrawal profit on RUNEPool.
However, the company will now charge any fee for deposits to the RUNEPool. The platform revealed that RUNEPool boosts the on-chain liquidity on THORChain. Furthermore, it also delivers improved POL functionality. THORSwap also asserted that this endeavor proves a landmark by providing a resilient solution for liquidity and exclusive yield opportunities for people holding $RUNE.
