
On October 21, someone swapped 32 $BTC for $2.65M of USDT on TRON, through @TrustWallet, powered by @SwapKitPowered. The USDT pool on THORChain held $248K. In one shot, that trade would have emptied the pool. The math gives about $25K out for $2.65M in. THORChain streamed it instead: 10,708 sub-swaps over 10 hours and 53 minutes, each one paying the minimum slip. Between sub-swaps, arbitrageurs refilled the pool. It never held more than $251K of USDT, and its price held at $1.00 from the first sub-swap to the last. THORChain's fee on the whole trade: 0.25%. Trust Wallet's interface fee: 0.70%. A deeper pool would have made it faster. It wouldn't have made it cheaper. https://t.co/6IUfPB7RhA
