A reason our portfolio took a bigger hit and longer to recover than some other strategies on iconomi over last few months
$RUNE was exploited back in July and 9500 ETH was stolen by attackers. In a DeFi ecosystem the TVL and price of a project is reflected in the users trust of that project. As users began exiting thorchain en masse, the price rapidly declined. Falling all the way from a peak of $23 down to a low of $2.9
Currently $RUNE has been on the road to recovery, making up an impressive 300% gain since its lows in July now sitting just below $10. Other coins however have gone on to make new all time highs and our bag has lagged behind as a result. In a bull market people tend to forget things like this very quickly.
In the coming months I will be closely watching $RUNE, if I feel like it has overcome the negative bias surrounding it I will retain our holdings in RUNE, if not I will be swapping it out for another decentralised exchange coin. Like $SUSHI