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  1. Published Social post

    THORChain (@THORChain)

    Firstly, the mechanics. 1) BTC deposited, streamed to RUNE and burnt, and 1 BTC is marked as collateral. 2) Half of it (50% LTV) then re-minted as RUNE, swapped to $TOR. Marked as debt. 3) The TOR is then streamed to USDC out. 1 BTC in, $25k out.

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