RUNE

Right.

I want to swap BTC to Ethereum or RUNE to stable, whatever it is.

Right.

And you just state its intention.

Latitude Media writes...

So Rune, which last week announced a $40 million Series A led by Spark Capital, designed a modular data center attached to a power electronics block.

The system plugs directly into utility-scale projects, without expensive substation upgrades, transformers that are in short supply, and years-long interconnection queues.

Texas threw away nearly 10,000 gigawatt hours of renewables last year, mostly because the wires couldn't move it.

Rune sees that and says, Park a GPU box at the solar farm, behind the inverter, and eat the curtailment.

Relic is an interesting physical workaround.

Direct connection at the project, custom power electronics, liquid cooling.

Rune says it can energize in six weeks.

It's ended up being one of the more difficult ones, not just for us, but for like any kind of AMM world, you know, decks out there.

I thought about the idea about like having Rune not be a tradable asset, and rather if you want to hold Rune, you have to be an LP.

Like you LP into a pool, the protocol would mint the rune into the pool.

So you put in like $1,000 with the Bitcoin, for example, and then it would mint $1,000 with a rune on the other side to match it.

So I would encourage them to throw up 100K worth of, you know, assets to create those pools.

Yeah.

When you say 100k, do you mean 50k of their token and 50k of Rune? Or 100k of each, so 200 total?

I would say 50 of each on the low end.

After that, we've got a pretty interesting story in the realm of the power hunt and how entrepreneurs are thinking pretty creatively about how to deploy GPUs as GPU hours soar and power continues to be the number one constraint.

We'll be covering Rune's launch, which was announced yesterday after a $40 million round, and its plans to put containerized modular data centers that it claims you can deploy in under a minute, Charlie, on solar farms throughout the world online.

with its first flagship being in Texas.

To end the show, we've got data center moratorium gumshoe Charlie Spears on the beat looking at a semi-analysis article recently that says, moratorium? What moratorium? Even if you look at the states that have been the hardest on data centers, all of the projects operating in these areas are still working at a breakneck speed to deploy gigawatts of infrastructure.

Go to ligos.finance to learn more.

All right, Charlie, a story of the ingenuity of entrepreneurs in the age of AI.

And these entrepreneurs at Rune are asking this question.

What if we didn't need power plants to power AI data centers? And what if all the hyperscalers are taking the wrong approach with hundreds to gigawatts, hundreds of megawatts to gigawatts worth of data centers? That's the bet Rune is making.

got it.

So does Station support the RUNE tokens?

Of course, of course.

The first

And so nodes are getting all the yield because The amount of value of the rune that's bonded by the nodes and the bond providers and all that stuff is lower than the value of the LP, the pools, rather, the value of the pools themselves.

And so the incentivism just swung towards the nodes for that purpose, to incentivize more people to provide more security, you know.

But in a bear market situation, This stuff is kind of, you know, like in a bull market, it's the inverse, right? In a bull market, most likely RUNE would be outperforming the larger assets like Ethereum and Bitcoin, because that's just how historically it's been, right? For a host of reasons that are nothing to do with a RUNE token whatsoever, just about the mechanics of low liquidity assets versus high liquidity assets, low market cap versus high market cap.

And so you just naturally have this swing from this way to the other way just because the market's bear or the market's bull in one direction or the other.

So I don't think, at least in my opinion, going back to missionary capital is the way to go.