WOW one of the biggest opportunities to eat a DeFi platform's lunch has just presented itself for @THORChain

MakerDAO has "Temporarily" raised their interest rate to 17.25% as of 12 hours ago. I was running math on my vault and I am now paying $60,375 PER YEAR in interest payments to $DAI

If I migrate my entire vault to $RUNE's lending platform for a 0% APR, No Liquidation Loan I will save $60k per year

Additional benefit is that it is L1 BTC on Thorchain vs Wrapped Bitcoin on MakerDAO.

I believe this is a no-brainer move for almost every MakerDAO vault user right now. I've been a happy customer for over 5 years now but Thorchain just dropped the hammer

Pun intended.