What is THORChain RUNE? Guide to become a Liquidity Provider

Overview of THORChain RUNE and guide on how do you become a liquidity provider. Introductory video to help you get started on adding liquidity pool, upgrade RUNE and yield farm on THORChain.

Reference:
https://www.theancientbabylonians.com/what-is-liquidity-pool-lp-in-defi/

5/ In 2020, CEX and DEX's trading volume increased by $403B (+307%). From those numbers, CEX accounted for 93% 💪

Though, DEX is not almost 6% of the CEX's total trading volume! Can the flippening happen this year? 😳 pic.twitter.com/itZfyO7FDV

— CoinGecko (@coingecko) January 14, 2024

⏱ Timestamps
0:00 Intro
01:06 What is THORChain?
05:08 How does THORChain works?
06:32 Roles of THORChain
09:14 Incentive Pendulum of THORChain
13:02 Tokenomics of RUNE
14:24 How to Add Liquidity on THORChain?
17:45 Impermanent Loss Protection
19:34 Walkthrough Guide on how to become a Liquidity Provider and add Liquidity Pool
22:33 How to Upgrade BNB Rune to Native RUNE?
25:25 Overview Summary

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