🔥 THORFI for Dummies 🔥 Complete Guide

🔥 🔥 🔥 If you like strategies like this and want to see what Im doing and chat with other defi degens. Join the discord as we look to become the one stop shop for everything crypto

Time Stamps
1.Thorusd 00:54 what is it?
2. Flow of Thorfi with a schematic (visual) 2:18
3.Twitter Thorfi summary/overview 6:45
4. Thorusd savings vault and what are revenue streams 9:08
5.Fun facts 12:45

In this video I go over thorfi and what you should expect from the newest upgrade to thorchain

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ALL OF MY VIDEOS ARE STRICTLY PERSONAL OPINIONS. PLEASE MAKE SURE TO DO YOUR OWN RESEARCH. NEVER TAKE ONE PERSON'S OPINION FOR FINANCIAL GUIDANCE. THERE ARE MULTIPLE STRATEGIES AND NOT ALL STRATEGIES FIT ALL PEOPLE. OUR VIDEOS ARE NOT FINANCIAL ADVICE.

#CryptoDrakeonDigital
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[gasnotgas]

Rune making me the most money I have made in crypto.

[mollanoni]

made so many swap from bitcoin to altcoin like ETH doge..work 100%

[quartamile]

1. Can anyone please share the official web addresses of thor fi, thor swap, thorchain, or wherever else we should be going to? Are they live yet?
2. What's the yield on stablecoin?
Thank you Drake fam! 🙏

[lukewoodley]

Hey Drake, I know that you gave out a few hints for the third word but I cannot find it and it has already been 5 days, I only saw the second hint that said that the word is either "this" or "word", I was wondering if you could give us the third word🙏

[enteoz]

It's had a huge run up but still a good time to pickup some for hedging

[tictoc]

Hey drake this is quite complex can you help me understand this on the "0% interest" part: " At the time the loan is open the network takes a snapshot of the asset depositValue and rune depositValue of the collateral, (similar to how impermanent loss protection works). When the user repays their loan in full, they are given LP units that equal this rune/asset deposit value back to them."

Doesnt it mean that if the LP you gave as collateral pumps to 50k when you repay your loan of 10k you will only receive 10k worth of LP?

PS: I thought one of the words was wink, not frown, this is gonna be hard. Maybe you give the right position of the word but skip the hard ones, so for example we end up looking for the 6th, 9th and 10th hard words but got the rest. Otherwise if the last words are easy a bot will win.

[rayonli]

Why is the loan being repaid by burning Rune? I didn’t understand this point? Rune burned is “burned”, how did it repay the loan?

[FutureGuy]

If the price of RUNE changes then you have liquidations. You need more ThorUSD to repay the loan and your position is under water.

[zklim]

damn did not know there's so many new fire sauces from Thorchain, so these justify the recent run

[logical_lb]

Can you please explain $THOR staking? Why can't I stake $RUNE and have to swap to $THOR? Is $THOR price tied to $RUNE?

[jimbink]

Hi sir im trying to withdraw from LP, its showing this error Submit Transaction Failed.
Error: No utxos to send
Please help sir

[texaseric]

This looks REALLY GOOD!
How will they keep THOR USD at peg? How battle tested are the oracles? Those are my only concerns. Can’t wait to see it in action.

[mr.q]

Good vid, but not "guide" worthy. What to do with my rune, idk.

[raemao]

Hey, please let me know how to cooperate with you!