Try Quests to earn cryptoTHORChain Bounties (RUNE bonded + slashed amounts)
How much RUNE is bonded, how much RUNE has been slashed from those bonds (total and or over time)?
First we explain the bond and then we try to solve the problem
RUNE is the asset which powers the THORChain ecosystem and provides the economic incentives for THORNodes validators in order to secure the network economically. THORNodes validators are rewarded with RUNE tokens for validating transactions that are happening on THORChain.
THORNodes validators have to bond their own $RUNE capital to make is safe for Liquidity Providers to pool their assets in the THORChain network. For the network to operate in the optimal state of security, for each unit of pooled capital there are two units of bonded capital. For instance, if RUNE-BTC liquidity providers provided $1M worth of $RUNE and another $1M worth of $BTC onto the THORChain network, THORNodes validators would have to bond $2M worth of $RUNE by design.
If THORNodes validators steal from their own vault, the mechanism is designed to slash 1.5X the amount stolen from their bonded tokens. They would end up losing more than they gained, which makes zero economic sense for them to steal.
While the bonded capital is 100% RUNE, the pooled capital in liquidity pool (LP) is 50% RUNE and 50% connected assets. Diving deeper into this math 66.7% is bonded and 33.3% is pooled. That puts a tremendous economic pressure on node operators, who are expected to bond 66.7% of the RUNE TVL.
When capital provided to LP > capital bonded by nodes => Unsafe for Thorchain Network
In this circumstance, Thorchain's Incentive Pendulum would increase rewards for node operators and reduce rewards for liquidity providers, this would then decrease the capital provided to LP due to decreasing rewards while increase the RUNE tokens bonded to the nodes as the reward for node validators increases, bringing the $RUNE capital on Thorchain back to balanced state.
When capital provided to LP < capital bonded by nodes => Inefficient for node validators
In this circumstance, Thorchain's Incentive Pendulum would decrease rewards for node operators and increase rewards for liquidity providers, this would then increase the capital provided to LP due to higher rewards while decrease the RUNE tokens bonded to the nodes as the reward for node validators decreases, bringing the $RUNE capital on Thorchain back to balanced state.
