RE: LeoThread 2025-12-05 23-43

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Claims that business-development work wasn't done over the years are inaccurate. THORSwap and SwapKit contributors put in relentless BD effort, opening doors that brought billions in volume to THORChain.



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Integrations didn't start scaling until SwapKit existed, and keeping integrators committed after incidents like the Bybit hack and ThorFi crash required enormous, ongoing effort.

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Facts: the marketing team received $250K and delivered some third-party hires, "research", a sloppy fork of the SwapKit SDK, and an unscreened protocol frontend that poses a compliance risk.

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Some contributors acknowledged that paid support was necessary.

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TS and SK contributors logged 4+ years of countless hours and all-nighters for the ecosystem, yet the treasury rewarded them $0 — while they focused on building sustainable businesses rather than rent-seeking.

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Former TS contributors bootstrapped SwapKit on a 25% revenue share during the depths of the bear market, and the SaaS model only worked by becoming a non-web3 entity — the reality of B2B.

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Trust Wallet fees were not shared with RUNE holders; 9R were rightfully rewarded for maintaining that integration before SwapKit.

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Since 2021, TS and SK helped scale THORChain to billions in volume and integrations with leading wallets and top protocols in web3.

Gratitude isn't required, but the facts should be presented accurately

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Putting aside allegations of skimming $THOR on SwapKit fees
the community's main complaint is that customer relationships built for THORChain — much biz-dev work by 9R — were handed to competitors

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that practice may be good business for those parties, but harmful for THORChain
welcoming competition is understandable :)

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