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

Sushiswap IL Protection

22k RUNE deposited into 9 Sushiswap pools to cover IL for the week.

$RUNE

Official Announcement and Instructions

THORChain Multichain Testnet Live ft. BTC, BCH, LTC, BNB & ETH

Learn how to join and test:
https://medium.com/thorchain/thorchain-multichain-testnet-live-ae1f68f542a6

THORChain Weekly Dev Update for Week 80, 01–08 Feb

* Multichain Testnet Launched,
* Tweaks to Bond Rewards Logic,
* @asgardex live

Read more:

https://thorchain.medium.com/6weekly-dev-update-80-2a306247370c

THORChain Collectibles

The entire collection has been fully distributed.

* 2325 total
* 1500 unique owners

The team will now follow up with those who think they may have missed out on a case-by-case basis.

If you think you missed out and have:
* your original runevault address
* your intended ETH address
* staked in RUNEVault prior to Sep 2020

Note: since the collectibles are capped (in number) you may have been eligible, but a lottery was used to select, so you may have missed out on a certain tier.

Claim form (no time-wasters pls):
https://forms.gle/LVSH3P6MomLRHKMF8

https://opensea.io/assets/thorchain-collectibles

Impermanent Loss Protection paid out for 9 Sushiswap pools.

$ETH, $USDT, $SUSHI, $YFI, $ALPHA, $CREAM, $PERP, $SNX, $AAVE

THORChain Weekly Dev Update for Week 81, 08–15 Jan

* V0.20, V0.21, V0.22,
* Historical USD pricing in Midgard,
* ASGARDEX improvements,
* BEPSwap Improvements.

https://medium.com/thorchain/weekly-dev-update-81-7ff6f78fe4a0

ASGARDEX pre-release V0.0.5

* Fix signed issue for macOS
* Fix misc. UI issues

Please test and suggest improvements:

https://github.com/thorchain/asgardex-electron/releases/tag/v0.0.5