Thorstarter Q4 Update: Upcoming IDOs, Multichain Moves, New LP Rewards
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It’s October, 2021 and the long awaited market supercycle appears to be here.
Lightning flashes, thunder rumbles, and BTC cracks all time highs.
A historic bull season is upon us, you can feel it in the air, and it has coincided to the week with the resumption of THORChain’s MCCN. THORChain isn’t just back, they’re targeting mainnet by Christmas.
It is at this exciting crossroads for the THORChain ecosystem, the crypto macroverse, and our Thorstarter project that we have a number of crucial updates to share with you, most of all that the time has come for Thorstarter to go multichain.
In this post, we’ll share progress on that front as well as some exciting changes to our liquidity mining programs, the release of our vaults, and multichain expansion to our IDO capabilities.
Unleashing The THORChain Bulls
First, the near term:
With the return of THORChain MCCN, at long last we can start launching the best of THORfi. The resumption of THORChain coinciding with a historic bull season has set the stage for significant pent up demand to flood into the THORChain ecosystem.
Our tentative launch date for THORSwap is Nov 1. After that, ThorGuards NFT, ThorWallet, then MINE Network, then Brokkr (2022). There is also room for us to fit other DeFi and/or Terra projects into the December lineup as well.
Since opening the Terra floodgates, we are in talks with 12 projects about possible Thorstarter IDOs on Terra.
For the latest details on THORSwap’s $THOR launch, see our AMA recap here.
Our current lineup up of upcoming IDOs is:
https://www.thorguards.com/ (NFT, not IDO)
DeFi_Spot (no website yet)
We’re also partnered closely with XDEFI, though nothing official from them on token yet.
We are planning to conduct our first Terra launches before EOY, in conversations with more than 10 projects.
Thorstarter Goes Multichain — Terra and Fantom
Beyond Q4, despite having a backlog of THORfi we are very excited to launch, our vision is already expanding. As recently announced, we have already taken steps towards the Terra ecosystem as our next ecosystem expansion.
We have completed talks with the Terra ecosystem team, projects within the Terra ecosystem to launch, and have our sights set on our first Terra launches for Q4. Along the way, we will continue to launch any exceptional DeFi projects we come across (such as the recently announced MINE Network).
Terra is not the least of our plans, only the next. Our vision is multichain: Terra first, then Fantom (both Q4 2021). As we straddle several ecosystems we are confident we will continue to build a robust, dedicated investor community for our IDOs. Ecosystems amplifying ecosystems, catapulting XRUNE’s success along with that of our partner projects.
New XRUNE Liquidity Rewards
In tandem with the re-launch of the ETH chain and trading on THORChain, we are excited to announce the following liquidity reward improvements as well as new vaults for our community:
Increasing the APY to THORChain LPs to 40% (additional to LP fees incurred via THORChain itself). TC LPs do not need to move their LP positions / do anything; rewards will be sent automatically as they were before.
Increasing the APY to Sushi LPs to 50%. Please note: all Sushi LPs must move their SLP tokens to this page, where they can see accrued rewards and claim as they so choose (here: https://app.thorstarter.org/farm)
Rewards programs will begin early November.
Bonus: Apart from the new liquidity rewards program, Thorstarter will be launching several new fixed rate APY vaults where users can stake and lock their XRUNE for a fixed period, and then claim the rewards once that period expires. The APYs and terms of the vaults will be published soon.
Concluding Thoughts
The past few months have been a whirlwind. As we emerge from the storm, we are confident that pent up demand for Thorstarter THORfi IDOs, coinciding with a historic bull market and the upcoming release of the THORChain mainnet amidst our expansion to new ecosystems like Terra will combine for a face melting Thorstarter future.
We have much to be excited about…
THORChain is teasing mainnet by Christmas
We have a strong lineup of THORfi projects around the corner
While we launch THORfi, we are moving forward with Terra projects
2022 we launch the best THORfi+ETHfi+Terra we can find, while…
Building on additional chains, with Fantom as a top candidate after Terra
The bulls are in the building, and we are primed to take off
Altogether, we see many reasons to be excited. As always, feel free to reach out directly to us with any questions, comments, advice, or (of course) project recommendations.
Thank you, our community, for sticking with us through this summer.
If you’re watching what we’re watching, we’re in for a wild couple of months.
We look forward to bringing you THORSwap’s $THOR token November 1, details here.
Thorstarter Q4 Update: Upcoming IDOs, Multichain Moves, New LP Rewards was originally published in Thorstarter on Medium, where people are continuing the conversation by highlighting and responding to this story.