@khaleelkazi's thread

On THORChain, 95% of the LPs are owned by the protocol

60% of total trading volume is actually arbitrage bots

Leostrategy is building a network of assets that are backed by LEO and doing a very similar thing

1. A lot of liquidity is owned by the “protocol”
2. 60%+ of the volume is arbitrage bots
3. The arb bots are owned by LeoStrategy (unique aspect TC doesn’t have — arb bots are external)

This means:

1. profits flow directly into LEO. Since LeoStrategy’s mandate is to buy LEO with all their capital
2. LP earnings are continuously reinvested to grow pool depth. Pool depth naturally scales with time & volume