Thorstarter (XRUNE) staking data is not available on Staking Rewards. You can still convert token prices, estimate your rewards and explore reward options for similar proof-of-stake assets.Learn more about Thorstarter Staking
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How to Stake XRUNE?
Staking XRUNE is relatively easy and straightforward.
Start by getting some XRUNE in your Ethereum Wallet (we recommend using Metamask in connection with Ledger), also you’ll want to have some ETH in the wallet to help cover gas fees.
Next, head on over to https://thorstarter.org/stake/ and connect your wallet. Once connected enter the XRUNE staking portal and define the amount of XRUNE you want to stake. Through this portal, you can Stake, Unstake, and Claim your rewards.
To estimate your staking rewards visit the XRUNE Staking Rewards Advanced Calculator.
How much can I earn Staking XRUNE?
The amount of XRUNE you will earn is based on a Block Reward, the Ethereum Block Time, and the percent of XRUNE participating in the staking contract.
The current Block Reward is around 5 XRUNE per block.
It is important to note that the block rewards are funded by inflation of the XRUNE asset.
For more information on these Metrics and a display of the XRUNE staking APY please visit the Thorstarter Asset Page on Staking Rewards.
Any risks to Staking XRUNE?
There are smart contract risks associated with Staking XRUNE.
There are no lock-up periods or minimums when staking XRUNE so it is considered to be a low risk from this flexibility standpoint.
There is also a risk that liquidity could be removed from the liquidity pools supporting asset trading in secondary decentralized markets.
What are long-tail and short-tail assets?
Short-tail assets are high volume/fee-generating assets.
THORChain will support them, but only 100 slots will be available in THORChain.
THORSTARTER connects long-tail assets to THORChain.
Will any IL protection be given to the investors?
Thorchain’s standard IL protection applies to the XRUNE-RUNE pools, which goes into effect after 100 days in the pool.
What is Thorstarter?
THORSTARTER is a decentralized protocol to increase and relay liquidity through the native THORChain network.
THORSTARTER allows users to efficiently and safely swap long-tail crypto assets and allows any smart contract enabled blockchain to access liquidity from any other THORChain-compatible chain.
THORSTARTER will act as an IDO platform for new projects, providing them with deep liquidity right from the start. Alternatively, Thorstarter will enable existing projects to reach investors and participants across multiple blockchains by creating a liquidity pool for their token paired with XRUNE. THORSTARTER complements the THORChain ecosystem, and benefits from its liquidity and capabilities, while also extending its utility.
THORSTARTER uses $XRUNE as a settlement currency between new projects (IDOs) and THORChain’s active pools. $XRUNE: $RUNE pool in THORChain acts as a “Liquidity relayer” between short-tail and long-tail assets.
How was Thorstarter Launched?
Thorstarter Launched on THORChain on July 2, 2021.
They held a public sale that was open for anyone to participate with a Token starting (listing) price of $0.01 / XRUNE
Participants needed to have XDEFI installed with Native RUNE in their wallet (however much they wanted to deposit) also some ETH to cover transaction gas fees for the deposit transaction (ie, when they participated in the sale).
After this cycle was concluded, the liquidity pool became active on THORChain, and swaps were enabled between RUNE and XRUNE.
XRUNE’s listing on SushiSwap took place July 3rd, 2021.
The XRUNE Token starting (listing) price was based on the price it was when the previous round above ended, and didnt go above that price for 24 hours.
Who is the team behind Thorstarter?
The founder goes by “compound22” but also goes by initials AM. He is one of three co-founders of the Thorstarter network.
AM has been personally active in the crypto space since 2016, investing and advising various projects, several of which are now DeFi blue chip projects. He was an early investor in Thorchain, participating in their IDO on Binance Chain.
One of the earliest projects he worked with was Bancor, which is one of the first if not the first protocols to use and implement the AMM (automated market maker model), which is now a core feature of many great projects like Uniswap, Sushiswap, and Thorchain.
The marketing and operations team working on Thorstarter has likewise been involved in crypto for some 6+ years and worked with several of the more well-known projects in the DeFi space.
The developer team includes 4 devs, two of which are full-time. The lead developer is working on smart contracts and core features of the Thorstarter protocol and the others are taking a supporting role working on the front- and back-end.
They have a large team of full- and part-timer contracts taking on various supporting tasks as needed.
The lead developer is a co-founder. The other co-founder is situated in an operations and management role, with some support on marketing, business development, and network security design.