How Does THORCHAIN Work? DEFI Explained

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  • เผยแพร่เมื่อ 28 ธ.ค. 2024

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  • @Finematics
    @Finematics  3 ปีที่แล้ว +19

    ❓ What do you think about ⚡Thorchain? Comment down below
    👍 Hit the like button if you enjoyed this video
    💛 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics
    🐦 Follow Finematics on Twitter ► twitter.com/finematics
    📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/

    • @wakematta
      @wakematta 3 ปีที่แล้ว

      You will explain pulsechain.com ?

    • @Lolo-jq2df
      @Lolo-jq2df 3 ปีที่แล้ว

      Finematics activates the subtitles so it lets me see it in Spanish

    • @armageddonsports1386
      @armageddonsports1386 3 ปีที่แล้ว

      When Terra Luna video you promised weeks ago?

    • @demirjyanilen2257
      @demirjyanilen2257 3 ปีที่แล้ว

      Hello buddy, nice review
      heard about RAPTOR? Need to know your thoughts.

    • @agoetz21
      @agoetz21 3 ปีที่แล้ว

      Next video please... love all your videos... this is the best place to get info on the crypto system.

  • @wrlk636
    @wrlk636 3 ปีที่แล้ว +215

    What an unbelievable amount of research you must have done. It's a wonder for anyone to be able to produce such high quality informative content!

    • @Finematics
      @Finematics  3 ปีที่แล้ว +8

      Thank you! :)

    • @Lolo-jq2df
      @Lolo-jq2df 3 ปีที่แล้ว +6

      @@Finematics Finematics activates the subtitles so it lets me see it in Spanish please

    • @lorizoli
      @lorizoli 3 ปีที่แล้ว

      And with high quality animation too!

    • @reszia
      @reszia 3 ปีที่แล้ว

      I had the same thought. Just blown away by it.

  • @z3255032
    @z3255032 3 ปีที่แล้ว +163

    This is a better explanation than some of the Thorchain interviews 😂 u should just sell these videos to the project teams

    • @Finematics
      @Finematics  3 ปีที่แล้ว +8

      hah thanks!

    • @Shivtan
      @Shivtan 3 ปีที่แล้ว +4

      @@Finematics please make a video on Solana Ecosystem

    • @Lolo-jq2df
      @Lolo-jq2df 3 ปีที่แล้ว +1

      @@Finematics Please could you talk about Ares Protocol? A decentralized oracle built with Substrate that will be a parachain in Polkadot and Kusama, is the only oracle in the Rococo tesnets and has the best technology to be the Polkadot chainlink.
      By the way, I love your content, excellent video

    • @praszu
      @praszu 2 ปีที่แล้ว

      Yeah just hire someone else to read this...

    • @soulsearchingprojecx2833
      @soulsearchingprojecx2833 2 ปีที่แล้ว

      Seriously

  • @alexandergulgowski4603
    @alexandergulgowski4603 3 ปีที่แล้ว +7

    Excellent video. Thank so much

  • @nickskywalker2568
    @nickskywalker2568 3 ปีที่แล้ว +35

    Thorchain definitely has its place in the top 10.

  • @Andrea-xq3qf
    @Andrea-xq3qf 3 ปีที่แล้ว +11

    My 60 year old brain only had to watch this twice. Thank you. Great work!

  • @pitzalislen
    @pitzalislen 3 ปีที่แล้ว +15

    Detailed, yet understandable. Answered a few questions I had about the way Thorchain works. Thorchain is going to be a monster, it's so much better that the competition. Thanks Finematics, for a job well-done, and yes....I smashed the Like button and rang the bell!

    • @Finematics
      @Finematics  3 ปีที่แล้ว +2

      thanks! :)

    • @mcmerry2846
      @mcmerry2846 10 หลายเดือนก่อน

      A monster that worths almost $0

  • @Proxy412ForToo0hh
    @Proxy412ForToo0hh 3 ปีที่แล้ว +55

    Excellent video as always. So much info packed into 20mins, you Sir have mastered the art. Looking forward to next episode. Cheers!

    • @Finematics
      @Finematics  3 ปีที่แล้ว +1

      Thank you Sir! :)

  • @miket4234
    @miket4234 3 ปีที่แล้ว +32

    the more i look into thorchain, the more i see it being a 100x crypto

    • @dipeshsahota4901
      @dipeshsahota4901 3 ปีที่แล้ว +1

      I think 50 to 90 usd is very realistic at some point once it's implemented

    • @omarguerrero2814
      @omarguerrero2814 2 ปีที่แล้ว +2

      @@dipeshsahota4901 didnt aged well huh?

  • @adrienharrison
    @adrienharrison 3 ปีที่แล้ว +32

    Nicely done. I think it deserves a part 2 to share a little more detail but excited for THORchain and RUNE nonetheless.
    Would be most interested in a video explaining what are the biggest missing pieces in DeFi, explaining what the use cases would be, and them explaining who/what organization is trying to solve it.
    In this case it was briefly mentioned that THORchain fills a big missing piece in DeFi because it solves the problem of not having native cross chain transactions. So having you explain what those other big missing pieces are would be interesting too

    • @morgangrice6350
      @morgangrice6350 3 ปีที่แล้ว +6

      A big one is that it enables native asset holders to generate yield in a non-custodial way. This is appealing to to those long term HODLer's who are sitting on dormant funds to put them to work without giving up key ownership and without KYC etc. Then there is the privacy coin integration side of things which make it all so appealing again. Thorchain is one of the most if not the most important crypto development of late. Very exciting stuff.

    • @Rompelarueda
      @Rompelarueda 3 ปีที่แล้ว

      @@morgangrice6350 absolutely the most important one for the time being.

    • @tmtcapital7130
      @tmtcapital7130 2 ปีที่แล้ว

      @@morgangrice6350 but thorchain doesn’t offer lending products yet ?

    • @chatjibpt
      @chatjibpt ปีที่แล้ว

      @@tmtcapital7130it has now 😅

  • @diyanslavov7401
    @diyanslavov7401 3 ปีที่แล้ว +7

    Thank you for the work you put in, it really helps people. I am sure you are in no shortage of ideas for videos, but something that I might find useful is to understand what sort of tools, tactics and websites you use to research a given product. I would really appreciate that. You are one of the few youtubers that actually provides in-depth analysis.

  • @yvonh
    @yvonh 3 ปีที่แล้ว +2

    You're a brilliant learner and a brilliant teacher ! A double edge sword !

  • @shamilrullah8917
    @shamilrullah8917 ปีที่แล้ว

    This man is superb, Thanks for thorchain explanation.

  • @cryptoanbu
    @cryptoanbu 3 ปีที่แล้ว +10

    Best explanation!!! Love your vids

  • @Bravelycold
    @Bravelycold 3 ปีที่แล้ว +1

    Learned about thorchain thanks to your video, I have to read the papers but from the video this seems as an incredible project I will probably like to invest in. Thanks for the quality content!

  • @Lola-cg6yp
    @Lola-cg6yp 6 หลายเดือนก่อน

    This project sounds amazing, A lot of ingenuity. I will definitely be investing; I can see this going far.

  • @juliegaribaldi
    @juliegaribaldi 3 ปีที่แล้ว

    I'm back in the lecture hall! But LOVING IT!

  • @pcl5636
    @pcl5636 3 ปีที่แล้ว +11

    Thanks so much man! love your vids

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      You're welcome. Thanks for watching! :)

  • @realestate-s2z
    @realestate-s2z 3 ปีที่แล้ว +3

    So glad you did this video!! Awesome job!

  • @nikolasologub1657
    @nikolasologub1657 3 ปีที่แล้ว +3

    Masterpiece! Very educational and objective! 👏👏👏 Thank you!!!

  • @iphgfqweio
    @iphgfqweio 3 ปีที่แล้ว +4

    GIGA BULLISH!!!! thx cinematic

  • @agoetz21
    @agoetz21 3 ปีที่แล้ว +1

    Been waiting two weeks for a new video. Thanks for this. Love all your videos. I now feel a lot smarter now. ....more input johnny 5 is alive...cant wait for the next one. 😃

  • @kevinburke3941
    @kevinburke3941 3 ปีที่แล้ว

    The amazing thing about this channel is that a lot of this information you cannot find anywhere else unless you do some serious digging

  • @TheDigiVestor
    @TheDigiVestor 7 หลายเดือนก่อน

    Such a clear, precise breakdown. Thank you!

  • @alexschneider7474
    @alexschneider7474 3 ปีที่แล้ว +3

    Always learn something new when I come here!!

  • @mitch3990
    @mitch3990 3 ปีที่แล้ว +2

    Ive learned more on this channel about crypto than anywhere else

  • @bkkavila8029
    @bkkavila8029 3 ปีที่แล้ว +1

    I like the depth of the video at the same time if one wants only high level understanding that's also achieved by this video.

  • @aiwen6942
    @aiwen6942 3 ปีที่แล้ว +2

    Amazing content. I agree with other comments suggesting the Thorchain team should just license this video 😃. It would be interesting to hear your take on how Thorchain compares to other cross-chain protocols. I'm thinking about Dfyn in particular, but maybe there's others as well.

  • @jameschoi5318
    @jameschoi5318 3 ปีที่แล้ว

    You are one of the first sources I look to for crypto information. Thanks for the good video as always!

  • @willbdev
    @willbdev 3 ปีที่แล้ว +2

    Amazing content!!! I will forever be a follower!! Thank you!!

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      Awesome! Thank you!

  • @MultiBenny68
    @MultiBenny68 3 ปีที่แล้ว

    The BEST on TH-cam.
    Simple

  • @piwiiiii
    @piwiiiii 3 ปีที่แล้ว +2

    Great one as always bro!

  • @christophersmith4976
    @christophersmith4976 3 ปีที่แล้ว +1

    Most clearly explanation ever. Thank for your research and video. I save my time for discover all these projects. I'm you patreon 😉

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      Awesome, thank you!

  • @greentrades6120
    @greentrades6120 3 ปีที่แล้ว +1

    The best crypto youtuber for explanation.
    Thanks Finematics!

  • @samgrg2632
    @samgrg2632 3 ปีที่แล้ว

    Finally I found a guy who really does research and speak.Not like 3 coins 3 millions😅

  • @XRaveTube
    @XRaveTube 3 ปีที่แล้ว +10

    Love these videos. What software do you use for the animation?

  • @tcr333
    @tcr333 3 ปีที่แล้ว +1

    Thorchain is the future of money markets. Massive potential and in accumulating slowly

  • @SidharthMiddela
    @SidharthMiddela 3 ปีที่แล้ว +1

    Fantastic explanation

  • @donjuan3296
    @donjuan3296 3 ปีที่แล้ว +1

    Thorchain is a top 10 for sure.

  • @Mrbeastifed
    @Mrbeastifed 3 ปีที่แล้ว

    This channel is amazing. Have been a subscriber since 50K subs and that wasn't even that long ago.

  • @mdoerkse
    @mdoerkse 2 ปีที่แล้ว

    Very interesting and super informative, thank you!

  • @lochrandoherty9218
    @lochrandoherty9218 2 ปีที่แล้ว

    This was extremely informative.

  • @floater5850
    @floater5850 3 ปีที่แล้ว +1

    You are a good teacher🙂

  • @gnuPirate
    @gnuPirate 3 ปีที่แล้ว

    This is an amazing series. Thank you for the introduction.

  • @GoldenDragon1999
    @GoldenDragon1999 3 ปีที่แล้ว +1

    Love your content bro, seriously!

  • @benediktmeuer7423
    @benediktmeuer7423 3 ปีที่แล้ว +1

    Was waiting for that video :)

  • @omidrone1949
    @omidrone1949 3 ปีที่แล้ว +1

    Mate love your stuff! Double check 10:40 when you say 5000 nodes and write 50,000

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      Good catch! Should be 50,000

  • @khangvutien2538
    @khangvutien2538 3 ปีที่แล้ว +1

    Excellent informative video.
    1. I wonder how the Thorchain team can remain anonymous if they started from a Binance hackathon?
    2. It could be handy if people move massively out of a blockchain. I hope there is a stability mechanism.

  • @harvharry9099
    @harvharry9099 3 ปีที่แล้ว +1

    Much appreciated for the work you put in 🤗

  • @arnauds3161
    @arnauds3161 3 ปีที่แล้ว +3

    Really great illustrations and very informative :)
    I'm curious on how you create the drawings, what tools are you using for this ?

  • @xrendezv0usx
    @xrendezv0usx 3 ปีที่แล้ว +1

    Great content man keep it up!!

  • @vetiarvind
    @vetiarvind 6 หลายเดือนก่อน

    really well explained

  • @aromax504
    @aromax504 3 ปีที่แล้ว +5

    Better than Netflix Prime

  • @Shah_Met
    @Shah_Met 3 ปีที่แล้ว +1

    Great video

  • @m.r.9493
    @m.r.9493 3 ปีที่แล้ว +1

    Excelent video!! Congrats! Do you think it is safe to provide liquidity on the thorchain with a big amount you can not afford to lose?

  • @guknj
    @guknj 3 ปีที่แล้ว +3

    Nice!

  • @tybvx.1505
    @tybvx.1505 3 ปีที่แล้ว +4

    This channel is awesome!

  • @thorstenhirsch
    @thorstenhirsch 3 ปีที่แล้ว +2

    Can you explain TSS in more detail, please? How does it differ from MPC?

  • @lherfel
    @lherfel 3 ปีที่แล้ว

    Great Video as always.

  • @sirnawaz
    @sirnawaz 3 ปีที่แล้ว

    Awesome explanation. Loved it. Could you also make a video on Injective Protocol?

  • @MisterCylinder1
    @MisterCylinder1 3 ปีที่แล้ว +4

    Great video as usual. Cool that crosschain swaps are somehow possible, but it seems too complicated long-term. It will be much more efficient to trade and integrate everything into protocols on EVM compatible chains or layers.

    • @TZVnt
      @TZVnt 3 ปีที่แล้ว

      Maybe you find it too complicated to understand, but the protocol works just like uniswap.. You swap one token for the other, that’s it

  • @Leoninmiami
    @Leoninmiami 2 ปีที่แล้ว

    great video!!

  • @chilltunes6209
    @chilltunes6209 3 ปีที่แล้ว +1

    Love you videos finematics! Instantly liked and looking forward to more. I want to know more about Defichain, cosmos, sol, kusama, Ada, Theta, and anything you think is under the radar

    • @Finematics
      @Finematics  3 ปีที่แล้ว +1

      Awesome! More to come :)

  • @overbet56
    @overbet56 3 ปีที่แล้ว +2

    Will the 1M Rune bonding requirement still hold when Thor goes -> main net?
    Also do you think it’s possible Uniswap or other primarily ERC-20 platforms develop the ability for cross chain swaps in the near future?

  • @mrigank8822
    @mrigank8822 3 ปีที่แล้ว +1

    Best crypto channel ever

  • @toritsejuajuyah1499
    @toritsejuajuyah1499 3 ปีที่แล้ว

    Love your explanations. It gives us a better understanding of blockchain industry. Can you please breakdown the difference between APY and APR? Thanks.

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      thanks! APY includes compounding and APR doesn't

  • @johannesott3299
    @johannesott3299 3 ปีที่แล้ว

    I like video, explains it well and it's functions too.
    I tried use thorchain but as yet don't know how. After this video I will look it over again. Thank you.
    Q: on the usability of BTC Vs Eth, defi sector... Is it not likely that BTC market dominance should go down below 30%. Gold as BTC is compared to is relatively small in compare to the whole financial market. No?

  • @yshkol
    @yshkol 3 ปีที่แล้ว

    Thank you for a great video. i think the only thing missing here is how the $rune price simulator based on the TVL

  • @thecryptoaggregator2505
    @thecryptoaggregator2505 3 ปีที่แล้ว +1

    Any chance of an explainer on the Terra ecosystem?

  • @dextermichaels7067
    @dextermichaels7067 3 ปีที่แล้ว +1

    Thank you for the great video! Can you do one on alternative DLT like Hedera Hashgraph?

  • @limvinc
    @limvinc 3 ปีที่แล้ว

    Love your videos. Can you cover DFYN?

  • @DonutMafter
    @DonutMafter 3 ปีที่แล้ว +3

    Can you make a video on Defichain? They make Defi on Bitcoin but I don’t quite understand it

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      Maybe, but there is a lot of other topics with higher priority at the moment

  • @juzkrej
    @juzkrej 2 ปีที่แล้ว

    Thanks for the hard work and sharing this with us! How would this compare to other cross-bridging technologies? For example, Stargate Finance that is built on top of LayerZero? If you could do a similar type of video explaining Stargate Finance and another video of analysing the pros and cons between different cross-bridging technologies would really be great! I think 2022 could be the year of the cross-bridge and multibridge wars! (besides the stablecoin wars)

  • @mgratiel
    @mgratiel 3 ปีที่แล้ว +1

    Love your content, could you look into Swingby? Seems a very advanced bridge solution similar to this.

  • @ChaceBonanno
    @ChaceBonanno ปีที่แล้ว

    Simply put, it’s a cross chain dex. So it’s like Uniswap but for more than just Ethereum tokens.

  • @drakostreet
    @drakostreet 3 ปีที่แล้ว +2

    Satoshi? Is that you behind Finematics?

  • @rr.lt3
    @rr.lt3 3 ปีที่แล้ว +3

    Thank you Finematics, really love your clear explanations 👏👏👏
    Thorchain is a future of crypto world ⚡⚡⚡

  • @mooibro644
    @mooibro644 3 ปีที่แล้ว +1

    have you produced video on Internet Computer?
    If not please.
    Thanks.

    • @mooibro644
      @mooibro644 3 ปีที่แล้ว

      @@user-vc1uy1wt3c OK Sir.

  • @Leonard22Bailey
    @Leonard22Bailey 3 ปีที่แล้ว

    Great video. Would love to see you explore the Terra ecosystem, along with its suite of stablecoins and its Luna token.

  • @DevanCourse
    @DevanCourse หลายเดือนก่อน

    Thanks for the breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

  • @paktra6629
    @paktra6629 ปีที่แล้ว

    You need to cover Chainflip and do a comparison between Thorchain and Chainflip.

  • @NotraNaum
    @NotraNaum 3 ปีที่แล้ว +1

    XHV is coming soon to Thorchain as well, their xUSD private stablecoin is gonna be a game changer.

  • @timschierenbeck2758
    @timschierenbeck2758 3 ปีที่แล้ว

    Thank you so much for your great work!

    • @Finematics
      @Finematics  3 ปีที่แล้ว

      Thanks for watching! :)

  • @lherfel
    @lherfel 2 ปีที่แล้ว

    thanks again : )

  • @ksiadzgrzesiu69
    @ksiadzgrzesiu69 3 ปีที่แล้ว

    Next video about HBAR please how does it work? I don’t want to have comparison about that and blockchain because it’s always subjective. Maybe in the different video. Cheers bro

  • @christopherdobrinski9669
    @christopherdobrinski9669 3 ปีที่แล้ว +1

    u should call the channel. Harvard Crypto.. great stuff

  • @competitiveprogramming7766
    @competitiveprogramming7766 2 ปีที่แล้ว

    that some deep research

  • @florian1054
    @florian1054 3 ปีที่แล้ว

    Could you please make a video on how to use Harmony One ?

  • @lucashunter4738
    @lucashunter4738 3 ปีที่แล้ว

    truly huuuuge.... viva the revolution

  • @renaissancemaneric8019
    @renaissancemaneric8019 7 หลายเดือนก่อน

    still the beginnings of something huge.

  • @CriptoWilly
    @CriptoWilly 2 ปีที่แล้ว

    Thanks

  • @tylermoore4388
    @tylermoore4388 3 ปีที่แล้ว

    If you could explain the Litentry cross chain aggregated identity project that’d be awesome

  • @juliegaribaldi
    @juliegaribaldi 3 ปีที่แล้ว

    Is ThorChain the same or related to the ThorFinancial/Thor coin?

  • @Setiawan-
    @Setiawan- 3 ปีที่แล้ว

    2 days after this video upload. 19 May, rune dumping from 20.5 Dollar to 8 dollar. till today. noted this.

    • @Finematics
      @Finematics  3 ปีที่แล้ว +1

      Together with the whole crypto market?

  • @Shivtan
    @Shivtan 3 ปีที่แล้ว

    Please make a video on Solana Ecosystem

  • @Jesse-ly8nl
    @Jesse-ly8nl 3 ปีที่แล้ว

    Hi Finematics, I can't seem to find the official Discord server for ThorChain - could you please link it?

  • @kelleclark4521
    @kelleclark4521 3 ปีที่แล้ว

    Could you do a video on TEAL and Algorand? Binge-worthy videos!

  • @Hassaan911
    @Hassaan911 3 ปีที่แล้ว

    Can you make a video how Hydra Chain works? Thank you in advance.

  • @mohamoudosman
    @mohamoudosman 3 ปีที่แล้ว +1

    Your videos are awesome, can you make one on Wanchain, is the world's premiere decentralised blockchain interoperability solution!

    • @mohamoudosman
      @mohamoudosman 3 ปีที่แล้ว

      They have also have a layer 2 solution for Ethereum, and decentralized bridges to btc, eth,xrp,bsc,eos, soon dot,

  • @justwalkbro
    @justwalkbro 3 ปีที่แล้ว +1

    Thorchain is the future! ⚡
    Collect RUNE and move it to the moon! 🚀🌖