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That RUNE Tho!

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@defime
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2 min read

I'm looking at the coins I pay attention to... ya know... BTC, BNB, ETH, HIVE, LTC, and I got RUNE there too. It's pretty hot right now.

If you go look at the charts, RUNE is performing the best today. While all the others are have gone sideways the past 2 ways overall, RUNE is killin it!

I missed getting some at $6... but damn what a deal! I hope you got some at $6. It's a nice spot to get in on this. I missed getting in on it weeks and months ago, but I got in on this dip.

Buy the dip, as the saying goes, and I sure did! If you look at Thorchain, which is what RUNE is the native token for, they are building a mega bridge. Swapping not just BEP20 and BEP2 and ETH versions of wrapped tokens, but native tokens.

Right now on platforms like Uniswap or Pancakeswap and the like, you can only swap within those chains. Ethereum ERC20 tokens can be exchanged on Uniswap. And BEP20 tokens can be exchanged on BSC sites like Pancakswap.

That's good for decentralized exchanged. But they lack the interoperability. Centralized exchanges like Binance and others will do swapping from many native tokens, but it's centralized and goes through them.

Decentralized exchanges are bringing more freedom to finance, to you, and paying you for staking your tokens. Rather than Binance putting up the liquidity and being paid fees, now you can do the same.

It's a pretty sweet deal and Thorchain is one of the top contenders to make this happen across the crypto board. The party is just getting started on DeFi.

Posted Using LeoFinance Beta