Thorchain has taken another big step on the path to launching multichain chaosnet for live funds. A new testnet has been deployed, with pools live for BTC, ETH, BCH, LTC and BNB, marking the final step prior to live funds.
Some Tweets:
There is the tweet - it is important to note that this refers to Testnet, and this has been clarified in the comments following.
Also in the comments is a couple more tweets from the team, saying:
You will notice it supports ERC20 as well.
If it works on testnet, it will work on mainnet ;)
Hopefully, this means that live funds multichain is close. I would expect that if the testing all goes smoothly, it would be launched in a few weeks, possibly March depending on how the testing goes.
The price of RUNE has held up really well during the latest dips in the market, and I would imagine that it is likely to go up substantially over the coming weeks as excitement around multichain launch grows. The building of liquidity on SushiSwap has been a successful venture, but the main BepSwap network at the moment remains overbonded, with many holding out for a big pump before the add liquidity, and others waiting for native assets like BTC and ETH once multichain launches. It means returns for those that are in the pools on Bepswap are very high at the moment, with the incentive pendulum skewing in favour of LP's. Still, many fear Impermanent Loss, and sit on the sidelines.
Not too much more to say really, bring on live funds multichain.
Cheers,
JK.
PS. really looking forward to #projectblank so I can share more frequent updates without having to create a huge long post.
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We are talking about asgardex testnet right ? I tried to use it today but didn't figure it out yet.
Maybe too many people using it right now :)
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Yes, it is testnet for now. No live funds yet. Sushiswap with ETH.RUNE or BepSwap are still the options for now for real funds.
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Are we anticipating a plug that allows Hive and perhaps LEO to connnect?
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I definitely think @khaleelkazi will have something in the works, but what form it takes remains to be seen. WLEO will be somewhere in the RUNE ecosystem, some time this year, of that I am pretty sure.
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Thor is a blockchain that I know little about. In the crypto world there are many very interesting projects. Thanks for sharing
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No worries, its definitely a deep rabbit hole to dive into to learn, but the time is coming where it will be a major DeFi player.
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Nice update, @jk6276.
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Glad I listened to you guys and bought myself some RUNE. Not a lot but holding on to them.