According to many analysts, the platform is one of the safest. It is a solid decentralized way to earn yield on their assets for providing liquidity. It’s managed by the node operators, who oversee the whole process. According to the press release, the initial Chaosnet comes with certain safeguards on liquidity and swap limits. These will be removed once the network has been tested thoroughly.
THORChain Future Plans
The Multi-chain Chaosnet isn’t the end of the journey for THORChain. In the future, besides the limits and caps lifting over time, a couple of other features will be introduced. These include synthetics (price-tracking representative assets), composite mixed assets, decentralized finance (DeFi) loans, introduction of more chains and assets, etc.
RUNE tokens should get higher price-wise, as the network usage increases and more assets bond to the network in liquidity pools. Its price is deterministic and calculated by the formula (3 * Non-RUNE TVL) / RUNE Circulating Supply. This allows for price estimation of the RUNE token, at all times.