The Olympus Pro platform allows users to sell bonds and own the liquidity. The platform is an extension of the known Olympus finance model. With the partnership between Thorstarter and Olympus pro, users can buy XRUNE-ETH SLP tokens on the Olympus pro platform. XRUNE can also be purchased at a discounted price.
At the moment, Thorstarter has to release XRUNE to LPs to bootstrap liquidity in the XRUNE-ETH pool. This is useful to gain liquidity only for a shorter duration. It will also pressure users to buy and bring capital to the protocol.
Compared to general farm 2 yields, the Olympus protocol ensures the project’s long-term success with such type of capital and liquidity. The Olympus Pro bond initiative will help users earn and acquire yields on XRUNE in a much simpler way. Users need not inflate the circulating token supply.
XRUNE can be purchased on Olympus at much cheaper prices compared to market rates. To do so, users need to bond their LP tokens with the Olympus platform. The bonds will vest for a week and be claimed by the user once the vesting period is over.
Thorstarter is going to allocate about 2.25 million XRUNE for the Cohort 2 launch. It is expected that the allocation will keep the program running for around 12 weeks. Thorstarter announced that the allocation rewards and the program duration could be extended or altered according to the situation in the future.
With this partnership, Thorstarter will gain an ever-growing liquidity pool on its platform. The coming days will show other protocols like Thorstarter whether the program is indeed profitable or not.