Hey All,
I had been looking to buy some #BNB tokens and finally landed up leveraging the Streaming Swap feature on the ThorSwap App. Off lately we have been seeing ThorChain native $RUNE making big strides and it stands out completely with the introduction of Streaming Swaps and the Lending feature. Unfortunately today #RUNE is in RED but it has been performing quite well in last couple of trading sessions and even we saw $3+ for #RUNE and currently it is ranked as #53 coin as per coingecko tracking system.
THORChain — Streaming Swaps - What is iT?
In summary, Streaming Swaps involve dividing a single swap into several sub-swaps that are carried out gradually over a specified time frame. This approach is often likened to a Time Weighted Average Price (TWAP) trade but with a restriction on the execution period, typically within a 24-hour window.
THORChain is sets to achieve the following with Streaming Swaps::
Swaps with real Layer 1 assets — including Bitcoin
Entirely transparent, on-chain, open source, & with no oracles or other 3rd party dependencies. With secured and highly liquid synthetic assets for faster finality. At the best price execution for almost any trade size
I wanted to give a try to this feature and see what is the difference if I had to trade or swap a coin of my preference. And to my surprise I did get a better rate and more #BNB tokens when I swapped some of my #RUNE tokens for BNB. So this last point above where it says - the best price execution for almost any trade size stands TRUE with Streaming Swaps...
What's' Planned Next? with #BNB
Honestly, my primary goal is to expand my #HIVE cryptocurrency portfolio. Therefore, my straightforward plan is to transfer the 1.4+ #BNB tokens from Thorswap to the Binance exchange, where I can exchange them for #HIVE, and subsequently transfer all the acquired #HIVE to my wallet. I intend to bolster my stake in #SPS as my next milestone is reaching a stake of 4000K+ SPS. Consequently, this available liquid #BNB will play a crucial role in helping me reach my #SPS goal. Here is the current amount of SPS tokens that I have already staked; 330K+ short of another 70K+ SPS here;
It is crucial to understand the governance token of the game Splinterlands which is Splintershards aka SPS - it plays a crucial role in enhancing the Splinterlands gaming experience and creating a sense of ownership and participation among its player community. My craving to accumulate as much of this governance token at its low levels is driven by my long-term investment strategy and belief in its potential for future growth; hence the plan to leverage the #BNB to buying SPS.... cheers
Have Your Say on Thorchain - $RUNE - DEX - THORSwap - #RUNE Swap for #BNB?
Are you invested in $RUNE? Did you hear about this news on THORFi Lending, Savers Vault? Tried Savers Vault? Can $RUNE hit $5+ mark from here? Are platforms like @Lends_so, @BrokkrFinance, @THORSwap fully DEX? Can we consider funds on these platforms SAFE? Are they PURE DEX as claimed? Would love to hear your thoughts around it in the comment box below? Cheers
THORSwap - #RUNE Swap for #BNB - Where did my #BNB Go?
#dex #thorswap #rune #thorchain #decentralization #deflationary #lending #savers #vault
Best Regards
Image Courtesy:: leofinance, thorswap, coingecko, pro canva
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers