Posts
avatar

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

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment