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
🚨State of the Network 27/04: THORChain’s Node Network Rebounds Stronger Than Ever
The sunset of ThorFi, the Bybit hack, and a radical shift away from inflationary block rewards could have been a breaking point. For many protocols, it would have been.
⚡️But for THORChain?
It became a stress test = one the network passed with resilience and growing conviction.
Click here to read all about it👇
https://x.com/THORChain/status/1916596595048558997
The sunset of ThorFi, the Bybit hack, and a radical shift away from inflationary block rewards could have been a breaking point. For many protocols, it would have been.
⚡️But for THORChain?
It became a stress test = one the network passed with resilience and growing conviction.
Click here to read all about it👇
https://x.com/THORChain/status/1916596595048558997
⚡️$XRP is coming to THORChain - and it’s a bigger win than you think.
This deployment is one of the final phases before full mainnet activation, expected imminently. Its implications extend far beyond technical novelty.
This thread explains in full why it matters👇
https://x.com/THORChain/status/1917243051946234103
This deployment is one of the final phases before full mainnet activation, expected imminently. Its implications extend far beyond technical novelty.
This thread explains in full why it matters👇
https://x.com/THORChain/status/1917243051946234103
X (formerly Twitter)
THORChain (@THORChain) on X
⚡️ $XRP is coming to THORChain - and it’s a bigger win than you think.
On April 11th, XRP went live on THORChain’s stagenet.
This milestone integration led by the @strangelovelabs and @ninerealms_cap teams is a gigantic win for our community.
Because this…
On April 11th, XRP went live on THORChain’s stagenet.
This milestone integration led by the @strangelovelabs and @ninerealms_cap teams is a gigantic win for our community.
Because this…
⚡️Ecosystem Spotlight #1: DoritoKit - A Toolkit to Supercharge THORChain’s Growth
Every protocol dreams of mass adoption.
But that doesn’t just happen because you have the best tech.
You need one thing above all: accessibility.
Building cross-chain apps that tap into THORChain’s native liquidity has not always been easy. Cross-chain logic was fragmented. Integrations took months.
DoritoKit SDK is here to help with this directly.
It is a quiet but powerful feature, a plug-and-play DevKit that has potential to unlock THORChain’s next major growth wave.
Here we go, chads. Click here to read all about it👇
https://x.com/THORChain/status/1917817257784401959
Every protocol dreams of mass adoption.
But that doesn’t just happen because you have the best tech.
You need one thing above all: accessibility.
Building cross-chain apps that tap into THORChain’s native liquidity has not always been easy. Cross-chain logic was fragmented. Integrations took months.
DoritoKit SDK is here to help with this directly.
It is a quiet but powerful feature, a plug-and-play DevKit that has potential to unlock THORChain’s next major growth wave.
Here we go, chads. Click here to read all about it👇
https://x.com/THORChain/status/1917817257784401959
X (formerly Twitter)
THORChain (@THORChain) on X
⚡️Ecosystem Spotlight #1: DoritoKit - A Toolkit to Supercharge THORChain’s Growth
Every protocol dreams of mass adoption.
But that doesn’t just happen because you have the best tech.
You need o…
Every protocol dreams of mass adoption.
But that doesn’t just happen because you have the best tech.
You need o…
🚨THORChain v3.5.0 goes way beyond a version update. It’s a critical structural release that tightens the engine across every layer
Multiple high-impact PRs have landed simultaneously, including:
⚪️ A full refactor of Bifrost
⚪️ Security hardening in outbound transaction logic
⚪️ Major aggregator upgrades
⚪️ And most notably, the rollout of TCY, a new protocol-native yield token built to realign incentives after the ThorFi shutdown
Check out our break down of the most significant changes in v3.5.0 and explain exactly why they matter for protocol operators, liquidity providers, and the next wave of cross-chain integrations👇
https://x.com/THORChain/status/1917881813768208846
Multiple high-impact PRs have landed simultaneously, including:
⚪️ A full refactor of Bifrost
⚪️ Security hardening in outbound transaction logic
⚪️ Major aggregator upgrades
⚪️ And most notably, the rollout of TCY, a new protocol-native yield token built to realign incentives after the ThorFi shutdown
Check out our break down of the most significant changes in v3.5.0 and explain exactly why they matter for protocol operators, liquidity providers, and the next wave of cross-chain integrations👇
https://x.com/THORChain/status/1917881813768208846
X (formerly Twitter)
THORChain (@THORChain) on X
THORChain v3.5.0 goes way beyond a version update. It’s a critical structural release that tightens the engine across every layer.
Multiple high-impact PRs have landed simultaneously, including:…
Multiple high-impact PRs have landed simultaneously, including:…