really awesome analysis & write-up, helped me greatly to understand Thorchain better and get an idea about a potential valuation. I'm not the deepest technical guy, but was a bit surprised that only Chainflip is mentioned as a competitor, what about e.g. Synapse Protocol, Anyswap/Multichain, Flare, MAP Protocol?
Thanks also for sharing the valuation Spreadsheet, liked to play around with the values a bit (e.g. higher discount 40%, lower dominance 30% - still lead to a fair value today of around $28).
Dear Fabian,
really awesome analysis & write-up, helped me greatly to understand Thorchain better and get an idea about a potential valuation. I'm not the deepest technical guy, but was a bit surprised that only Chainflip is mentioned as a competitor, what about e.g. Synapse Protocol, Anyswap/Multichain, Flare, MAP Protocol?
E.g. MAP Protocol claim Thorchain to be centralized due to the ~33 signing validator nodes (MPC/TSS) and to be the only decentralized sollution in the space (https://forum.maplabs.io/t/why-are-thorchain-and-anyswap-renamed-as-mutichain-are-no-match-for-map/3052)...
Thanks also for sharing the valuation Spreadsheet, liked to play around with the values a bit (e.g. higher discount 40%, lower dominance 30% - still lead to a fair value today of around $28).