📢 THORChain hard fork was successfully completed. Network functions are resumed. Great job to 9R, all TC contributors & Node Operators! 👏

In the meantime, we have shipped a big update on app.thorswap.finance with new features + bug fixes. Check it out!

Remember: discord.gg/thorswap server support desk channel = only official support. Ignore all other DMs and comments, stay safe!

📣 August #THORBURN complete!
🔥3,172,983 $THOR BURNED 🔥

Total August Volume: $364,796,135, consisting of:
THORChain $332.11M
Maya Protocol $24.54M
Chainflip $8.15M

This was 3.57x of $102M of the August volume target!
https://etherscan.io/tx/0x63ffb40d9c7272d03e5f5ff81ed9c5a2201a978bab14456f7390ea2b7deb35c7

September Volume target for burn is now $107.2M.
In total ~108.72M $THOR has been burned so far, accounting for ~21.74% of maximum supply 🔥

⚠️ Scam Alert!

Please be aware of these fake ads on Telegram. There is no THORSwap/THORChain Airdrop or THORSwap Telegram group (other than this announcement channel) - do not click and please report!

Stay safe! 🙏

Introducing: Crosschain Crusaders 🔥
We've partnered up with contributors from across THORChain, Chainflip, and Maya Protocol to bring crosschain swaps to as many places as possible!

The Crosschain Crusaders group has one goal: get cross-chain swaps in as many crypto projects as possible. We'll try to achieve that by combining our communities to promote the integration of cross-chain swaps through SwapKit

SwapKit.dev is the one stop SDK + API solution that combines the cross-chain swaps of all three cross-chain protocols, + aggregation to EVM major DEXs. Several big projects, such as LiFi, BitPay, OKX Wallet and many more have already integrated SwapKit for cross-chain swaps. By integrating SwapKit into a dApp, the dApp will benefit from the decentralised and permissionless swaps available on THORSwap today.

History and experience have shown us that a strong community can have a great impact for obtaining new features in dApps and Wallets. That's why the Cross-Chain Crusaders was born!

Every week, we'll highlight 3, maybe 4 project we'll target for them to integrate cross-chain swaps through SwapKit. We'll tweet, reply and like to get as much engagement as possible, in the hope to convince a project to integrate 💪

If you want to contribute to the future and the success of decentralised and permissionless cross-chain swaps, make sure to stick around then and join the Crosschain Crusaders!

We'll share tips, example tweets and the first targets soon.

Invite link 👉 https://t.me/crosschaincrusaders

THORChain Loan Closure now available

It is now possible to close THORChain loans on https://app.thorswap.finance/lending/. Thank you for your patience.

📢 New Chain Integration: Solana $SOL
GM☀️ The wait is finally over! Solana is now supported on THORSwap, Powered by SwapKit.dev x Chainflip.io.

Experience seamless cross-chain swaps with $SOL ↔️ Bitcoin, Ethereum, Arbitrum, Polkadot & more! Explore one of the most exciting Web3 ecosystems with incredible speed and low fees, or swap $SOL <> $BTC natively in a seamless, non-custodial manner - no more wrapping needed.

Assets currently supported include Native $SOL as well as $USDC (SPL). We're also pleased to launch support for Phantom Wallet on THORSwap. Connect your Solana wallet via Phantom or Keystore (more options in development).

Try it today 👉 https://app.thorswap.finance/swap/BTC.BTC_SOL.SOL

📰 Learn more on Medium: https://thorswap.medium.com/solana-arrives-on-thorswap-a-new-frontier-for-cross-chain-defi-%EF%B8%8F-213cc2f7d47f
📣 Share the news: https://x.com/THORSwap/status/1839850646230765914

🔐 New Wallet Interface: PassKeys Wallet by Exodus

Seamless Web3 🤝 Multi-chain Future is here! 🔥

THORSwap has integrated Passkeys Wallet by Exodus, a powerful self-custody multi-chain wallet managed with your device’s Face ID, Touch ID, PIN, or password. This means no downloads, no accounts, no email or SMS verifications, and no need to remember private keys or recovery phrases.

With Passkeys Wallet on THORSwap, anyone can set up a self-custodial crypto wallet in seconds directly within the dApp. Create a wallet with 1 click, secure it with biometrics, and fund it in just a few taps—all inside THORSwap 💪

Experience the power of Passkeys today by selecting Passkey under “Instant Wallets” during Wallet Connection on app.thorswap.finance

🧠 More info on PassKeys: https://exodus.com/support/passkeys-wallet-faqs
📰 Learn more on Medium: https://thorswap.medium.com/thorswap-integrates-exodus-passkeys-wallet-the-seamless-solution-for-web3-19f51bfe71a6
📣 Share the news: https://x.com/THORSwap/status/1845822748834345049

📢 THORSwap [TIP-015] REVISED Future of THORSwap & SwapKit governance proposal has passed with 89.93% of the vote in favor: https://snapshot.org/#/thorswapcommunity.eth/proposal/0xa536ab41eab9914fec9951c080a59a3c9c9b538745049bd60f8e0bdc19e089b3

Next steps:

1️⃣ 30 day window for eligible holders to file for SwapKit Equity has begun. Reminder: Min 250K THOR/vTHOR equivalent and must be an accredited investor. Start here: https://claim.swapkit.dev

2️⃣ Burn of the remaining community incentive pool & unallocated vesting, this will be completed this week. This means no more THOR emissions.

3️⃣ THOR and RUNE distributions will occur after the 30 day claim window and the yTHOR token locking process is complete.

Executing TIP-015:

🔥 104,694,021 $THOR has been BURNED from community incentive pool.

In total ~213.4M $THOR has been burned so far, accounting for 42.68% of maximum supply.

$THOR Total supply is now 286.58M https://etherscan.io/tx/0x8f32779c26b60138548737e4aa37999e31cf481848513121b7bf7618051437b2

📢 New Chain Integration: Base 🔵

Base, the exciting Ethereum Layer 2 is now supported on THORSwap!

Seamlessly swap between Base and Bitcoin, Ethereum mainnet, BNB & more via THORChain. Assets currently supported include $ETH (Base) as well as $USDC (Base). $cBTC pool is currently staging and awaiting more liquidity.

No more CEX, let's on-board the global economy onchain — one cross-chain swap at a time ⚡️

Try it today 👉 https://app.thorswap.finance/swap/BTC.BTC_BASE.ETH

📰 Learn more on Medium: https://thorswap.medium.com/base-now-supported-on-thorswap-trade-cross-chain-yield-via-thorchain-3e7ca6a13aa9
📣 Share the news: https://x.com/THORSwap/status/1879917720692744432

🧧 Happy Lunar New Year everyone! 🧧

Wishing you all great health and wealth in the Year of the Snake! 🐍
🧧灵蛇开运，蛇年吉祥！🐍

📢 Chainflip DCA (Streaming) Swaps are live on THORSwap!

Much like THORChain/ Maya Streaming Swaps, Chainflip DCA auto splits large trades into smaller chunks, executed over time to potentially achieve better pricing.

This brings capital efficient cross-chain swaps between Native Bitcoin, Solana, Ethereum, Polkadot, Arbitrum and a number of growing stablecoins/assets.

Try today on 👉 thorswap.finance

📰 Learn more on Medium: https://thorswap.medium.com/chainflip-dca-swap-has-arrived-stream-large-trades-on-thorswap-with-greater-capital-efficiency-33c65f97ac02
📣 Share the news: https://x.com/THORSwap/status/1885303814452109491

⚠️ THORChain Alert

Due to uncertainty with the protocol and volatility in market conditions, THORSwap contributors have decided to pause THORChain swaps as a precautionary measure on THORSwap interface. Swaps to and from RUNE are still available, but all other THORChain routes have been disabled. All in-progress transactions should complete normally.

Please note, THORSwap is NOT THORChain. The other cross-chain providers (Chainflip, Maya Protocol) we support are still operational.

These providers support trading across Bitcoin, Ethereum, Solana, Arbitrum, Polkadot, Kujira, Dashpay, Radix, and Mayachain networks for gas assets and stablecoins.

THORSwap contributors are monitoring the situation closely and will provide updates accordingly.

⚡️THORChain Swaps Re-enabled ⚡️

THORChain swaps are now back on thorswap.finance as the network situation seems to have stabilized.

Key highlights:
✅ Nodes have voted and agreed on a debt restructuring plan.
✅ Thorchain just completed a churn with more nodes coming in and nodes churning out.
✅ The trade asset balances required for good price execution have been stable over the past 48h.
✅ This leads to no price dislocation for a rolling 48h

We have seen multiple large swaps get processed without issues and we are now confident in THORChain's ability to handle swaps with the same execution as its known for. New safety checks now exist to detect price dislocations and low trade balances, and automatically stop serving quotes when thresholds are met.

📣 Execution of TIP-15 & TIP-16

Full execution of THORSwap Improvement Proposal (TIP-15) was previously delayed due to THORChain's underbonded status. Now that the matter has been resolved, the following tasks has been completed:

The fees meant to be donated to LPers (after fee-share with uthor/ythor began) were donated to the THORChain $THOR pool across two transactions:
https://runescan.io/tx/A0BFD4FA09B50BD3B2EDA2CF49400974294C8A30D1D886EDCD1D17DE988372FB (500 RUNE)
https://runescan.io/tx/C4668E26A13F95E76AB20597D142AA6EEC901BD189A0D68C57A4DCE2970129A5 (24492.5 RUNE)

A total of approximately 778K RUNE will be donated to the THOR/RUNE pool over 30 days (as per TIP-16).
This will increase liquidity and provide direct rewards for the community.

The Treasury LP position on SushiSwap (~ETH) has been withdrawn to an escrow wallet and will be distributed to vTHOR holders over 30 days (as per TIP-16).
----
In conclusion, so far:
- THORSwap Fee sharing has changed to a pro rata distribution system, equally distributed to THOR stakers whether they stake for vTHOR, uTHOR, yTHOR, or LP into the pool.
- 104,694,021 $THOR from community incentives allocation has been burned.

Over the next 30 days:
- LP positions from Sushi and THORChain will be consolidated to THORChain.
- Liquidity ownership will be transferred from the treasury to the community.
- Bonus THOR will be distributed to vTHOR holders.

📣 $TCY, THORChain's solution for THORFi claimants (Lending, Savers Earn, Synths) is live on THORSwap!

Stake TCY and earn 10% of THORChain protocol income.

Claim, manage, and trade TCY in one seamless interface: https://app.thorswap.finance/tcy

📰 Learn more on Medium: https://thorswap.medium.com/thorswap-launches-tcy-support-fea5d49cc87b
📣 Share the news: https://x.com/THORSwap/status/1920165131943596235