xarnegie

if you accept the "big boi money" thesis below, that the core @THORChain business is strong, and the capital it attracts is smart, lets continue. the path forward requires two lanes in parallel - independent but complementary. 1) a simple mechanism to restructure the debt. @1984_is_today is best at communicating and architecting this. in control theory, simple, low-parameter models shine. a system income percent diverted towards debt is most appropriate here. 2) a communication of the robustness of the cash flows, the product market fit of streaming swaps, the trusted integration partners and interfaces, the powerhouse of @ninerealms_cap behind it, and the opportunity it presents to institutional buyers and liquidity providers at depressed prices. investor relations if you will. much focus is being given to 1, but not enough to 2. many are asking when their collateral will be returned. the answer can be distilled down two key things a) the amount of system income diverted, and b) the debt to income ratio. the income has been historically depressed because the big boi money understood the debt overhang. with the liability now capped, the income will see strong growth. if we focus too much mind share on the negative (the debt), and forecast the servicing of that debt on historical income, time estimates will be too conservative. if we put the core business in the spotlight at this juncture, attract big boi money, and grow the denominator (the income), the debt shrinks in relative terms, and users will be made whole faster. the core business is doing record swap volume. users love @THORChain without knowing it, and it's now unencumbered by THORfi. big boi money throbs for entries like this. a degraded business on its knees begging for a new daddy. a business with a dirty past that's ready to settle down. thorchain now has the priors to be a top 10 asset, and it will be, if we restructure the debt, and tell the big boi money too.