Project hub

THORChain

8 pieces · Jan 2022 to Apr 2024

Sectors

DeFi7 Ethereum3 L1/L21 Bitcoin1

Search every mention All projects

Coverage per year

42022

22023

22024

Price and coverage

THORChain $RUNE

Calls: 1 bullish
Since first call, bullish: −79%
vs BTC: −93%
Now: $0.641

bullish thesis bearish thesis coverage, no call map, list or mentionWeekly closes in USD, log scale, as of 23 Oct 2026. Call figures turn cyan when the price moved the way the call pointed. Each marker links to its piece.

Start here · the strongest pieces on THORChain

Breakdown20 Dec 2023Mangata Master-Rollup on EigenLayer: omni-chain AMM and MGX airdrop playExplains Mangata's Master-Rollup, a ZK rollup settled via EigenLayer that serves multiple L1s with RollDown dispute logic, and pitches holding MGX for the confirmed MGA airdrop.Data23 Nov 2023THORChain data analysis: swaps, liquidity, synths and RUNE deterministic priceData review of THORChain after a 172% monthly rally: swap volume, liquidity and active address growth, synths, savers vaults and lending, plus RUNE's deterministic value from the 2:1 bond:pool ratio versus market price.Thesis19 Apr 2024Gasp: non-custodial omnichain AMM built as an EigenLayer AVSThesis on Gasp (formerly Mangata), an Ethereum-native cross-chain AMM on EigenLayer offering gasless, MEV-protected swaps in seconds. Argues fragmented modular liquidity needs omnichain solutions and that Gasp could be worth billions, like a non-custodial THORChain.

Timeline · every piece, newest first

2024 2

19 Apr 2024Gasp: non-custodial omnichain AMM built as an EigenLayer AVSThesis on Gasp (formerly Mangata), an Ethereum-native cross-chain AMM on EigenLayer offering gasless, MEV-protected swaps in seconds. Argues fragmented modular liquidity needs omnichain solutions and that Gasp could be worth billions, like a non-custodial THORChain.ThesisDeFiEthereum

19 Apr 2024MGX as a proxy for GASP: 3% airdrop and FDV comparisonMGX holders get 3% of GASP supply, so MGX at a $1.4M FDV implies GASP near $46M FDV. Compares with THORChain ($2B) and Chainflip (over $300M) and sees a few hundred million as plausible, while flagging distribution and snapshot uncertainty.Market takeDeFiEthereum

2023 2

20 Dec 2023Mangata Master-Rollup on EigenLayer: omni-chain AMM and MGX airdrop playExplains Mangata's Master-Rollup, a ZK rollup settled via EigenLayer that serves multiple L1s with RollDown dispute logic, and pitches holding MGX for the confirmed MGA airdrop.BreakdownDeFiEthereum

23 Nov 2023THORChain data analysis: swaps, liquidity, synths and RUNE deterministic priceData review of THORChain after a 172% monthly rally: swap volume, liquidity and active address growth, synths, savers vaults and lending, plus RUNE's deterministic value from the 2:1 bond:pool ratio versus market price.DataDeFiL1/L2

2022 4

12 Sep 2022Impermanent loss explained: derivation, formula and mitigationDerives impermanent loss for a 50/50 constant product pool: LP return scales with sqrt of the price change while holding returns the average, giving divergence loss 2*sqrt(dP)/(1+dP) minus 1. Lists mitigation via stable pools and IL insurance.ExplainerDeFi

14 May 2022Maya Protocol fair auction: why the launch setup is bullishMaya is a Cosmos SDK replicated state machine for native L1 asset swaps that complements THORChain. Bullish on launch due to 100% circulating supply, no team tokens and a transparent 21 day auction.ThesisDeFi

12 May 2022THORChain fundamentals: swap volume near ATH and deterministic RUNE pricePoints out THORChain swap volume almost at an all-time high and a record swap count on 11 May 2022 despite weak markets. Deterministic RUNE price at 1.13 USD.DataDeFi

24 Jan 2022Bitcoin's fee revenue problem and the long-term security budgetArgues Bitcoin's store-of-value role, lack of smart contracts and growing share of BTC wrapped on other chains limit fee revenue, threatening the miner security budget as block rewards decline. Surveys L2s and cross-chain options but doubts they suffice.ThesisBitcoin

Often covered with

Mangata8 Gasp5 EigenLayer110 Polychain9 Omni5 Uniswap27 Curve11 CoinGecko5

Working together

Research, advisory and builds for deep-tech teams.

View CV A1 Research