Function of XRUNE
Thus, XRUNE has three primary functions:
First, XRUNE is paired with RUNE as a liquidity pool on THORChain. LPs earn fees in both RUNE and XRUNE, based on the volume of transactions occurring between these assets block by block. This follows the standard rewards model of all other approved RUNE-ASSET pools on THORChain.
Second, XRUNE is a token whose utility is early access to projects which IDO on Thorstarter. Approved projects are seeded with XRUNE liquidity by the Thorstarter DAO, creating XRUNE-ASSET pools on secondary market AMMs. XRUNE is required to participate in the initial liquidity event.
Third, XRUNE is paired with ASSETs on external AMMs, either as provisioned liquidity by the Thorstarter DAO or simply by LPs looking to gain exposure to yield. External LPs earn fees based on the fee structure of the AMM where they provide liquidity. In the case of Eth-based AMMs Uniswap and Sushiswap, this fee is 0.3%. In the case of Pancakeswap on BSC, this fee is 0.2%.
XRUNE settlement function explained
Last modified 3mo ago
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