THORChain recently processed what stands as one of its most significant $ZEC exchanges to date, successfully trading 0.365 $BTC for 24.7 $ZEC, which translates to a value of approximately $29.6K. Remarkably, the individual conducting the trade ended up acquiring a larger quantity of tokens than the liquidity pool initially contained, as the starting balance sat at just 22.9 $ZEC.
This impressive outcome was achieved through the streaming capabilities of THORChain. The system divided the transaction into 1,300 individual sub-swaps over the course of 1h58. In between these smaller trades, arbitrageurs actively replenished the available funds, guaranteeing that the pool reserves never dipped below 22.2 $ZEC. As for the associated costs, the network fee for THORChain amounted to roughly 0.22%, alongside a 1.25% markup applied by the specific application the trader utilized.
Because the user had established a strict price boundary, the streaming function evaluated this limit prior to executing every single sub-swap. Halfway through the process, the pool price of $ZEC temporarily increased by 5%. Rather than forcing the trade at a disadvantageous rate, the network recognized that 197 of these sub-swaps would violate the predetermined limit and deliver less $ZEC than permitted. As a result, THORChain bypassed those specific executions and returned 0.065 $BTC to the user, meaning roughly 15% of the initial deposit was safely refunded. Once the market price dropped back down to an acceptable level, the remainder of the exchange was successfully finalized.
At present, $ZEC continues to undergo a progressive rollout. As the mainnet integration undergoes rigorous testing, the available pool is intentionally maintained at a smaller size. Pending successful results, this liquidity will eventually be expanded. Thanks to the streaming mechanism, interacting with a shallow pool simply translates to a longer wait time, rather than subjecting the user to a worse price.
http://thorchain.net/tx/9AD0223E5CE59BE9F3550516C1B31C33FC8FA3A09F90790548C9C530AD9EC813
This impressive outcome was achieved through the streaming capabilities of THORChain. The system divided the transaction into 1,300 individual sub-swaps over the course of 1h58. In between these smaller trades, arbitrageurs actively replenished the available funds, guaranteeing that the pool reserves never dipped below 22.2 $ZEC. As for the associated costs, the network fee for THORChain amounted to roughly 0.22%, alongside a 1.25% markup applied by the specific application the trader utilized.
Because the user had established a strict price boundary, the streaming function evaluated this limit prior to executing every single sub-swap. Halfway through the process, the pool price of $ZEC temporarily increased by 5%. Rather than forcing the trade at a disadvantageous rate, the network recognized that 197 of these sub-swaps would violate the predetermined limit and deliver less $ZEC than permitted. As a result, THORChain bypassed those specific executions and returned 0.065 $BTC to the user, meaning roughly 15% of the initial deposit was safely refunded. Once the market price dropped back down to an acceptable level, the remainder of the exchange was successfully finalized.
At present, $ZEC continues to undergo a progressive rollout. As the mainnet integration undergoes rigorous testing, the available pool is intentionally maintained at a smaller size. Pending successful results, this liquidity will eventually be expanded. Thanks to the streaming mechanism, interacting with a shallow pool simply translates to a longer wait time, rather than subjecting the user to a worse price.
http://thorchain.net/tx/9AD0223E5CE59BE9F3550516C1B31C33FC8FA3A09F90790548C9C530AD9EC813
