THORChain Announcements pinned «MCCN Exploit Update Loss: Approx ~$4.9mm USD was taken in the exploit, far less than the intitial figures posted earlier. A granular breakdown is being developed by the community. Method: ETH Bifrost was tricked using a custom wrapper to read a deposit amount…»
Post-mortem: ETH Router Exploits 1 & 2, and premature Return To Trading Incident
* The exploits
* Fixes and network response
* 5 Pronged Recovery Plan.
* Liabilities and Treasury
* Mainnet
Read more:
https://medium.com/thorchain/post-mortem-eth-router-exploits-1-2-and-premature-return-to-trading-incident-2908928c5fb
* The exploits
* Fixes and network response
* 5 Pronged Recovery Plan.
* Liabilities and Treasury
* Mainnet
Read more:
https://medium.com/thorchain/post-mortem-eth-router-exploits-1-2-and-premature-return-to-trading-incident-2908928c5fb
Medium
Post-mortem: ETH Router Exploits 1 & 2, and premature Return To Trading Incident
The ETH Router Exploit 1 & 2, Premature Trading, fixes and network response, as well as the 5 Pronged Response.
Hardening the THORChain Protocol
Steps taken to make THORChain more resilient to attacks and network uncertainty.
* Automatic Solvency Checker
* Granular Network Pause Controls
* Node Timeouts
* Outbound Throttling
* Node Broadcast Bot
* Live Monitoring
https://medium.com/thorchain/hardening-the-thorchain-protocol-f80164de7685
Steps taken to make THORChain more resilient to attacks and network uncertainty.
* Automatic Solvency Checker
* Granular Network Pause Controls
* Node Timeouts
* Outbound Throttling
* Node Broadcast Bot
* Live Monitoring
https://medium.com/thorchain/hardening-the-thorchain-protocol-f80164de7685
Medium
Hardening the THORChain Protocol
Steps taken to make THORChain more resilient to attacks and network uncertainty.
Monthly Treasury Report - July&August 2021
The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has 180m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-july-august-2021-b6ffb7b29268
The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has 180m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-july-august-2021-b6ffb7b29268
Medium
Monthly Treasury Report — July&August 2021
The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured…
Quarterly Treasury Report - Q3 2021
The treasury comprises of $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has $2.5bn in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-q3-2021-188467360556
The treasury comprises of $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has $2.5bn in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-q3-2021-188467360556
Medium
Quarterly Treasury Report — Q3 2021
The treasury comprises of $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured…
Who let the DOGE out?
Devs solved the DOGE imbalance pricing; open for community to add LP.
Note: DOGE pool depth is low right now. Recommended to add LP symmetrically.
Swap or add asym at your own risk.
Devs solved the DOGE imbalance pricing; open for community to add LP.
Note: DOGE pool depth is low right now. Recommended to add LP symmetrically.
Swap or add asym at your own risk.
Reminder! Please withdraw all Binance Beacon Chain (BEP2): Liquidity Pools (LP) positions, Synths and Savers before 29-Feb.
After that, Ragnarok (auto-refund) will be on best-effort basis only.
After that, Ragnarok (auto-refund) will be on best-effort basis only.
ADR12 has passed.
CR 200% already implemented.
6pm RUNE burn will be in v1.128. ETA possibly 1-3 weeks.
https://gitlab.com/thorchain/thornode/-/blob/develop/docs/architecture/adr-012-scale-lending.md?ref_type=heads
CR 200% already implemented.
6pm RUNE burn will be in v1.128. ETA possibly 1-3 weeks.
https://gitlab.com/thorchain/thornode/-/blob/develop/docs/architecture/adr-012-scale-lending.md?ref_type=heads
GitLab
docs/architecture/adr-012-scale-lending.md · develop · THORChain / THORNode · GitLab
THORChain is a CosmosSDK state machine for decentralised liquidity on UTXO, EVM and BFT chains, supporting both ECDSA and EDDSA protocols. The protocol is attached to a signing-engine...
THORChain is currently not processing AVAX transactions due to a global outage of Avalanche C-Chain.
https://x.com/pluto9r/status/1761016104258806065
https://x.com/pluto9r/status/1761016104258806065
Forwarded from THORChain Alerts
✅ Heads up! Trading is resumed on the AVAX chains!
Final call for LP/Savers/Synths withdrawal for BEP2 assets on @THORChain. Still $6.75m worth in the pools.
BEP2 halt, then best effort Ragnarok will happen imminently. Even swaps to/from BEP2 should be conducted with caution. Just don’t touch it anymore, please. 🙏💚⚡️
BEP2 halt, then best effort Ragnarok will happen imminently. Even swaps to/from BEP2 should be conducted with caution. Just don’t touch it anymore, please. 🙏💚⚡️
Forwarded from THORChain Alerts
🚨🚨🚨 Attention! Trading is halted on the ETH chain! Refrain from using it until the trading is restarted! 🚨🚨🚨
Standing $50k Bounty To Call a Pause
There is now a standing $50k bounty to any community member that is first to find a suspicious transaction and ask a node to
False positives not paid; but will not attract criticism.
> halt early, halt often
The protocol is complex and there are many edge cases devs simply cannot plan for. The community is the first and last line of defence.
There is now a standing $50k bounty to any community member that is first to find a suspicious transaction and ask a node to
make pause "recommend pause now" "can a node pause please" etcFalse positives not paid; but will not attract criticism.
> halt early, halt often
The protocol is complex and there are many edge cases devs simply cannot plan for. The community is the first and last line of defence.
Treasury Movements
Treasury has moved 6000 BNB to USDC via RUNE.
Community will see large treasury transactions underway.
Treasury has moved 6000 BNB to USDC via RUNE.
Community will see large treasury transactions underway.
🚨From Shutdown to Showtime: How THORFi’s Sunset Gave Birth to $TCY, the DeFi Token You need To Know About
What do you do when your protocol hits the brakes, the community panics, and “rug” rumors start flying?
⚡️If you're THORChain - you build.
What happened with the THORFi was a moment of reckoning. Lending and Savers features were suddenly frozen when node operators activated a circuit breaker in response to rising protocol risk. It was swift. It was dramatic. And many got worried.
“Is THORChain insolvent?”
“Is this the end?”
“Did I just get rugged?”
But they missed one crucial fact: THORChain is profitable. One of the rare DeFi protocols actually generating real, on-chain revenue. The circuit breaker wasn’t a death blow, it was a lifeline. A high-pressure valve releasing before real damage could occur.
And from that turbulence, something pretty incredible emerged.
👇Read the full post, right here👇
https://x.com/THORChain/status/1915816355418542433
What do you do when your protocol hits the brakes, the community panics, and “rug” rumors start flying?
⚡️If you're THORChain - you build.
What happened with the THORFi was a moment of reckoning. Lending and Savers features were suddenly frozen when node operators activated a circuit breaker in response to rising protocol risk. It was swift. It was dramatic. And many got worried.
“Is THORChain insolvent?”
“Is this the end?”
“Did I just get rugged?”
But they missed one crucial fact: THORChain is profitable. One of the rare DeFi protocols actually generating real, on-chain revenue. The circuit breaker wasn’t a death blow, it was a lifeline. A high-pressure valve releasing before real damage could occur.
And from that turbulence, something pretty incredible emerged.
👇Read the full post, right here👇
https://x.com/THORChain/status/1915816355418542433