THORChain lists ETH.RUNE on Sushiswap 🍣

Initial pairs:

* RUNE:ETH
* RUNE:USDT
* RUNE:SUSHI

ETH.RUNE is a transitionary asset to grow liquidity ahead of the launch of THOR.RUNE and the Ethereum Bifröst.
Sushiswap pools will be incentivised from next week to grow liquidity.

A two-way bridge between BNB.RUNE and ETH.RUNE will be launched within 72hours to help arbitrage and move the supply.

https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb

RUNEBRIDGE LIVE

1) Min 100 RUNE, max 10000 RUNE (fee: 1 RUNE)
2) Test small amounts first
3) Be patient

https://runebridge.org/
backup: https://rune-bridge.web.app/

RUNEBRIDGE

1) Fee is now 5 RUNE (outbound gas costs are ~$7).
2) Report any UI bugs.
3) Bridge was expedited to meet the demand, please be patient.
4) Transaction backlog is being cleared.

https://runebridge.org/ (SSL is being refreshed)
backup: https://rune-bridge.web.app/ (SSL is live)

SUSHISWAP POOL INCENTIVISATION

From next week, the following three pools will receive up to 20k RUNE ($40k) each over the course of the week

* RUNE:ETH
* RUNE:USDT
* RUNE:SUSHI

Choose your pool wisely, hint, the shallowest pool will have the best yield.

RUNEBRIDGE

Site is live again and more stable. Enjoy!

If you are paranoid, DM an admin about how to do a swap manually across the bridge using TX memos.

https://runebridge.org/

LARGE BNB.RUNE -> ETH.RUNE swaps

If you would like to skip the bridge and do a large swap to ETH.RUNE (or back) (100k -> 1m+ RUNE ) dm @tgkai

(beware scammers)

Fee: 50 RUNE, will be processed every ~12 hours

Sushiswap Pool Incentives

The following pools received incentives:

* RUNE:ETH (10.5k RUNE)
* RUNE:USDT (6k RUNE)
* RUNE:SUSHI (13.5k RUNE)
Total: 30k RUNE

Will continue throughout the week.

https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb

THORChain Weekly Dev Update for Week 77, 12–18 Jan

* BitcoinCash,
* Litecoin,
* ETH Router finalisation,
* Midgard Updates
* Community Dev Work

Learn more:

https://medium.com/thorchain/weekly-dev-update-77-e88e0e39b124

New THORChain v0.1 website is live!

Loud and proud, THORChain is going to make a splash.

Built by community contributors

https://thorchain.org/

running thorchain

and bitcoin
and ethereum
and litecoin
and bitcoincash
and binancechain

BEPSwap Frontend Down for Maintenance

Due to a churn issue that is being addressed, the frontend is down for maintenance to prevent the outbound queue getting too large.

Once nodes have updated (expected sometime today), the frontend will be put live again.

Reminder:

When the multichain is live, the BNB.RUNE <> ETH.RUNE bridge will be terminated. The supplies on either side will be locked in.

If you want to hold ETH.RUNE over BNB.RUNE, the time to switch is now:

https://runebridge.org/

SUSHISWAP INCENTIVES

Sushiswap incentives for the week: Up to 75k ($200k) RUNE split evenly over the following pools:

$SNX
$YFI
$AAVE

Provide liquidity now to receive the yield:

https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb

THORChain Update

All nodes have updated to V18 and the network is recovering. The frontend will be up as soon as the outbound queue is cleared.

Thanks for patience

PLEASE BE PATIENT

The network is fielding a lot of requests right now, please be patient. You can monitor the queue here. If the queue is large, come back later.

http://68.183.241.109:1317/thorchain/queue

Postmortem  on Stuck Retiring Vault #q00t

A retiring vault got stuck halfway during a migration. Approximately $80m in funds were frozen until the team released a patch to continue the migation. The protocol remained operational thorughout.

https://medium.com/thorchain/post-morten-stuck-retiring-vault-q00t-8de23027daeb

THORChain Weekly Dev Update for Week 78, 19–25 Jan

* Litecoin,
* New Testnet,
* Final preparations in ASGARDEX,
* Upcoming releases for Community Products,
* Ethereum support in XChainJs

https://medium.com/thorchain/weekly-dev-update-78-50736feb67fa

Sushiswap Incentives

30k RUNE ($105k USD) paid to $SNX, $AAVE and $YFI pools.

The next three pools to receive targeted incentives will be:
* $ALPHA
* $CREAM
* $PERP

Add liquidity on SushiSwap to be included.

https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb

Beat the IL

In addition this week there will be a weekly drop paid to all Sushi pools that aims to beat IL.

1) Weekly price snapshotted
2) Price change -> Impermanent Loss calculated -> 2 * IL * poolDepth = RUNE drop.
3) Any price reversion is thus extra yield for LPs

Eg, for a pool RUNE-ASSET, depth of 1m RUNE:

1) Price change 25% (up or down)
2) IL = 2*sqrt(1.25)/(1+1.25)-1 = -0.006
3) 2 * 0.006 * 1000000 = 12,000 RUNE to be paid

This is a trial run, it may be tweaked in future.

Monthly Treasury Report -Jan 2021

The treasury comprises of $25m, funding protocol development, liquidity and paying out to community grants. The protocol has 212m in RUNE reserves. Planned Obsolescence July 2022.

https://medium.com/thorchain/monthly-treasury-report-jan-2021-862a9ae3940d

THORChain Weekly Dev Update for Week 79, 26–31 Jan

* Redeployed Testnet,
* final preparations in ASGARDEX,
* ZCash and Dogecoin bridges scoped,
* Litecoin, Bitcoincash support in @XChainJs

https://medium.com/thorchain/weekly-dev-update-79-e61f99cbc064

RUNE Distribution Update

Total of ~12000 holders, with 40% holdership engagement, 22% supply engagement.

https://medium.com/thorchain/rune-distribution-update-c10886f46a1c