Key insights

• 💼 JP's background and transition from the Air Force to crypto, Recognition of Bitcoin's significance and the need for decentralized liquidity
• 🔬 Development of the continuous liquidity formula and Thorchain protocol
• 🥇 Thorchain's current status as a gold standard for liquidity, decentralization, and integration with major platforms
• 📱 Speaker's experience with social media and rebuilding their presence
• ⛓️ Thorchain enables decentralized swapping between Bitcoin and Ethereum, Nodes running the protocol support the system
• 💱 Thorchain offers better pricing and faster transactions than centralized exchanges, Three ways to add liquidity
• 🔐 Thorchain prioritizes liquidity to maintain network security and TVL, Easy user involvement through various apps and services in the Thorchain ecosystem
• 🔒 Creation of a secure multi-device, multi-chain, multi-asset crypto wallet called Vault using QR codes and two-factor authentication

Q&A

• How can Thorchain be supported?

  Support for Thorchain can be shown by promoting, sharing, and using the protocol. With a focus on reaching 100 billion, the protocol is now emphasizing marketing efforts to expand its user base and ecosystem.

• What is the Vault and its purpose?

  The Vault is a secure multi-device, multi-chain, multi-asset crypto wallet designed to enhance security and prevent unauthorized access to private keys. It employs QR codes and two-factor authentication to ensure the safety of users' crypto assets, addressing the vulnerability of single signature wallets to government seizure.

• How can users add liquidity to Thorchain?

  Users can add liquidity to Thorchain in three ways: as a dual LP, through Bitcoin saving, and soon for Rune holders. The platform offers various opportunities for participants to earn high APY while contributing to network liquidity.

• What are the notable features of Thorchain?

  Thorchain offers unique features such as streaming swaps, increased liquidity APY, and a node management system. It prioritizes high liquidity for its RUNE token to maintain network security and Total Value Locked (TVL), while also providing high Annual Percentage Yield (APY) for participants.

• What is Thorchain and its significance?

  Thorchain is a decentralized liquidity protocol that has become a gold standard for liquidity in the crypto space. It enables decentralized swapping between major cryptocurrencies like Bitcoin and Ethereum, while also offering better pricing and faster transactions than centralized exchanges.

• 00:00 JP, the founder and lead developer of Thorchain, discusses his background and the genesis of Thorchain. He talks about his transition from the Air Force to crypto, recognizing the significance of Bitcoin, and the development of a decentralized liquidity protocol. Thorchain is now a gold standard for liquidity, truly decentralized, and integrated with major wallets and services.
• 07:53 The speaker previously turned off their social media, built a large Twitter account, and is now rebuilding their own social media presence. Thorchain enables decentralized swapping between Bitcoin and Ethereum, with nodes running the protocol supporting the system. Notable features include streaming swaps and the node management system.
• 15:05 Thorchain provides competitive pricing and faster transactions than centralized exchanges. Streaming swaps increased liquidity APY and changed the way depositors are incentivized. Three ways to add liquidity: as a dual LP, through Bitcoin saving, and soon for Rune holders.
• 22:12 Thorchain focuses on maintaining high liquidity for its RUNE token to ensure network security and TVL, while also offering high APY for participants. Users can easily get involved by using various apps and services within the Thorchain ecosystem, with a focus on safety and security through multi-device NPC wallet technology.
• 29:15 The speaker explains the process of creating a secure multi-device, multi-chain, multi-asset crypto wallet called Vault using QR codes and two-factor authentication. The Vault is designed to provide enhanced security and prevent unauthorized access to private keys. The discussion also includes the vulnerability of single signature wallets to government seizure and the importance of maintaining control over one's crypto assets. The speaker also expresses interest in pairing the Vault with an offline device similar to the Armory offline wallet model.
• 36:33 Cryptocurrency can be used safely with multiple devices connected to the internet using Vault Shares. Thorchain has introduced features like streaming savers, lending, streaming swaps, and memess. The protocol is on its way to reaching 100 billion and the focus is now on marketing. Support for Thorchain can be shown by promoting, sharing, and using the protocol.