
THORChain
RUNE
#117
THORChain is positioned as a decentralized cross-chain blockchain network for the exchange of liquidity. Coin is easily integrated into dozens of crypto wallets, exchanges, DeFi, dApps.
News about THORChain
14 Jan 2025, 21:17
We could really use your help to promote SwapKit (and thus THORChain’s crosschain swaps) to ELLIPAL and Coin98!
Both already have swaps, so they know they can earn money from it. Need to tackle it from the decentralised/ no-KYC / no geo-restrictions/ no swapping limit angle :)
They know we exist, they just need a push from the community!
ELLIPAL:
Coin98:
Thanks a lot guys!!
We could really use your help to promote SwapKit (and thus THORChain's crosschain swaps) to ELLIPAL and Coin98.We could really use your help to promote SwapKit (and thus THORChain’s crosschain swaps) to ELLIPAL and Coin98!
Both already have swaps, so they know they can earn money from it. Need to tackle it from the decentralised/ no-KYC / no geo-restrictions/ no swapping limit angle :)
They know we exist, they just need a push from the community!
ELLIPAL:
https://x.com/ellipalwallet
Coin98:
https://x.com/coin98_wallet
Thanks a lot guys!!
10 Jan 2025, 05:40
Quick summary of events on 9-Jan-2025:
An OG Dev initiated a timeout (via Admin Mimir) for all Savers & Lending withdrawals for six months. After 6.5 hours, three nodes reversed those settings via Node Mimir. All Savers & Lending withdrawals are enabled at the moment.
There were some Lending Withdrawals (around 10% of BTC and 1% of ETH collateral) within 12 hours since, so this led to some of the price action.
But obviously price action is also / much more affected by broader market demand/supply/sentiment. Please keep all price talk on Traders chat.
Note that Admin Mimir has already limited functionality, and will be fully removed in upcoming update.
Cc @Sweetman15 @IsmailAxhami @CharlesHarperValero
Quick summary of events on 9-Jan-2025:.Quick summary of events on 9-Jan-2025:
An OG Dev initiated a timeout (via Admin Mimir) for all Savers & Lending withdrawals for six months. After 6.5 hours, three nodes reversed those settings via Node Mimir. All Savers & Lending withdrawals are enabled at the moment.
There were some Lending Withdrawals (around 10% of BTC and 1% of ETH collateral) within 12 hours since, so this led to some of the price action.
But obviously price action is also / much more affected by broader market demand/supply/sentiment. Please keep all price talk on Traders chat.
Note that Admin Mimir has already limited functionality, and will be fully removed in upcoming update.
Cc @Sweetman15 @IsmailAxhami @CharlesHarperValero
09 Jan 2025, 00:04
Announcement: All Savers deposits temporarily halted (in preparation for Base, which will have no Savers/Synths at all). Withdrawal still as normal.
Announcement: All Savers deposits temporarily halted (in preparation for Base, which will have no Savers/Synths at all).Announcement: All Savers deposits temporarily halted (in preparation for Base, which will have no Savers/Synths at all). Withdrawal still as normal.
08 Jan 2025, 16:45
THORChain Annual Report for 2024 has been released! Please read & share!
Full article and Q4 report is posted on Medium
Best way to make sure you never miss any important news is to subscribe to email notifications on Medium
THORChain Annual Report for 2024 has been released. Please read & share. Full article and Q4 report is posted on Medium.https://x.com/THORChain/status/1877031633200775447
THORChain Annual Report for 2024 has been released! Please read & share!
Full article and Q4 report is posted on Medium
https://medium.com/thorchain/thorchain-2024-year-end-report-q4-report-737725c7b89e
Best way to make sure you never miss any important news is to subscribe to email notifications on Medium
02 Jan 2025, 18:37
For anyone who wants to speedrun everything that happened in 2024, here is a thread with the last 6 months of $RUNE RECAP 🙂
For anyone who wants to speedrun everything that happened in 2024, here is a thread with the last 6 months of $RUNE RECAP.For anyone who wants to speedrun everything that happened in 2024, here is a thread with the last 6 months of $RUNE RECAP 🙂
31 Dec 2024, 14:50
https://x.com/codehans1/status/1874105354457669752?t=ddv6JP2S3PPOW9XYfqNhqg&s=35
30 Dec 2024, 22:28
we’re shipping Base a week from today
we're shipping Base a week from today.we’re shipping Base a week from today
30 Dec 2024, 19:25
23 Dec 2024, 18:19
23 Dec 2024, 16:13
THORChain is now supported in Keplr Wallet
THORChain is now supported in Keplr Wallet.https://x.com/thorchain/status/1871225377697435698?s=46&t=GV8UkgbuuUMw737T-3VKuA
THORChain is now supported in Keplr Wallet
22 Dec 2024, 03:36
Last week, THORChain underwent a major upgrade with the release of v3! Discover what this means for the future of cross-chain DeFi by reading the full article.
Last week, THORChain underwent a major upgrade with the release of v3.Last week, THORChain underwent a major upgrade with the release of v3! Discover what this means for the future of cross-chain DeFi by reading the full article.
https://medium.com/thorchain/thorchain-v3-release-659b700d7099
21 Dec 2024, 02:30
Hey guys! Tomorrow 12 pm Mountain Standard Time (we rolled it back one hour 🚀) Cross-Chain & Chill! Going to have a bunch of different ecosystems and we will be chatting about all the fun stuff happening!
And THEN, make sure you set a reminder for our THORChain yearly recap with Familiarcow, Pluto and Eridanus on Monday!
Hey guys. Tomorrow 12 pm Mountain Standard Time (we rolled it back one hour ) Cross-Chain & Chill.Hey guys! Tomorrow 12 pm Mountain Standard Time (we rolled it back one hour 🚀) Cross-Chain & Chill! Going to have a bunch of different ecosystems and we will be chatting about all the fun stuff happening!
https://x.com/patriotsounds/status/1870294812538307028?t=oRgXDiARcA8FYWkdt9E6Kw&s=19
And THEN, make sure you set a reminder for our THORChain yearly recap with Familiarcow, Pluto and Eridanus on Monday!
https://x.com/THORChain/status/1869816947329937597?t=UTAt6ENFkjlMkyDWvobzqQ&s=19
18 Dec 2024, 15:58
⚠️ Warning: there is a fake scam site that ripped off the THORChain landing page and added a "Rectify" button. DO NOT VISIT.
BEP2 and ETH $RUNE are fully sunset - there is no way to "rectify" aka upgrade to Native $RUNE. Anyone who tells you otherwise is scamming you.
Warning: there is a fake scam site that ripped off the THORChain landing page and added a "Rectify" button. DO NOT VISIT.⚠️ Warning: there is a fake scam site that ripped off the THORChain landing page and added a "Rectify" button. DO NOT VISIT.
BEP2 and ETH $RUNE are fully sunset - there is no way to "rectify" aka upgrade to Native $RUNE. Anyone who tells you otherwise is scamming you.
18 Dec 2024, 00:49
🚨🚨HEADS UP!🚨🚨
We are going to be having a big DeFi space, "Crosschain & Chill", on Saturday the 21st, UTC +8!
It will have people from various ecosystems there! Just good vibes and sharing the latest and greatest stuff happening! Hope to see you guys there! :D
HEADS UP. We are going to be having a big DeFi space, "Crosschain & Chill", on Saturday the 21st, UTC +8.🚨🚨HEADS UP!🚨🚨
We are going to be having a big DeFi space, "Crosschain & Chill", on Saturday the 21st, UTC +8!
It will have people from various ecosystems there! Just good vibes and sharing the latest and greatest stuff happening! Hope to see you guys there! :D https://x.com/patriotsounds/status/1869173279325655317
16 Dec 2024, 02:02
07 Nov 2024, 14:20
Announcing THORChain-powered swaps are now live in Bitget Wallet ⚡️ Powered by SwapKit
Announcing THORChain-powered swaps are now live in Bitget Wallet ️ Powered by SwapKit.Announcing THORChain-powered swaps are now live in Bitget Wallet ⚡️ Powered by SwapKit
https://x.com/thorchain/status/1854528266897629281
28 Oct 2024, 01:39
My THORChain October update is now out
My THORChain October update is now out.My THORChain October update is now out
https://youtu.be/AHZSZ-eS0QQ
21 Oct 2024, 17:09
🚨Ledger Live is starting its rollout of THORChain as a swap provider🚨
The only decentralised provider offering BTC, ETH, and Stablecoin swaps, as well as better swap rates than any of the centralised swap services. This collaboration has been years in the making and will be rolling out to all ledger users over the next month, powered by SwapKit
Ledger Live is starting its rollout of THORChain as a swap provider.https://x.com/Ledger/status/1848407477458722894
🚨Ledger Live is starting its rollout of THORChain as a swap provider🚨
The only decentralised provider offering BTC, ETH, and Stablecoin swaps, as well as better swap rates than any of the centralised swap services. This collaboration has been years in the making and will be rolling out to all ledger users over the next month, powered by SwapKit
07 Oct 2024, 19:26
The Q3 Ecosystem report has been released on Medium
Make sure to follow and subscribe to email notifications from Nine Realms & THORChain on Medium so you don't miss the most important protocol updates & quarterly reports
The Q3 Ecosystem report has been released on Medium.The Q3 Ecosystem report has been released on Medium
https://x.com/THORChain/status/1843371675582337163
https://medium.com/thorchain/thorchain-q3-2024-ecosystem-report-1b048fe55141
Make sure to follow and subscribe to email notifications from Nine Realms & THORChain on Medium so you don't miss the most important protocol updates & quarterly reports
09 Sep 2024, 12:43
Hey guys! We are starting a new initiative where we are reaching out to various wallets and interfaces that have not yet integrated crosschain swapping features. We are going to be targeting new groups of wallets every week and we would love to get our communities involved!
We have had GREAT success with this before and now we want to make it a regular and structured strategy! These efforts will make our ecosystem thrive even faster as we continue to pile on the integrations!
So get in here and LFG! 🔥
Hey guys.Hey guys! We are starting a new initiative where we are reaching out to various wallets and interfaces that have not yet integrated crosschain swapping features. We are going to be targeting new groups of wallets every week and we would love to get our communities involved!
We have had GREAT success with this before and now we want to make it a regular and structured strategy! These efforts will make our ecosystem thrive even faster as we continue to pile on the integrations!
So get in here and LFG! 🔥
https://t.me/crosschaincrusaders
06 Sep 2024, 00:22
Welcome 👋🏻👋🏻
REMINDER: Admins/Mods will never DM or call you first
Website:
Docs:
Community produced THORChain educational videos:
11-min GRC intro video:
2.5-hr intro video:
Relevant ecosystem links:
Community Discord server:
Welcome. REMINDER: Admins/Mods will never DM or call you first. Website:. Docs:.Welcome 👋🏻👋🏻
REMINDER: Admins/Mods will never DM or call you first
Website: http://thorchain.org
Docs: https://docs.thorchain.org/
Community produced THORChain educational videos:
https://youtube.com/c/GrassRootsCrypto
11-min GRC intro video: https://youtu.be/mZwzmnSbEcU?si=3IDGZHz3zL8FzEd3
2.5-hr intro video: https://youtu.be/IVPCGkWW4oo?si=_Tfh-0tdhck_IvO7
Relevant ecosystem links: https://linktr.ee/thorchain
Community Discord server: https://discord.gg/tcuniversity
03 Sep 2024, 16:03
Reminder: Chain upgrade is scheduled for tomorrow. No action needs to be taken by any user
Node operators are asked to be online during the fork time to ensure a timely upgrade & minimal service disruption. Interfaces and wallets must update their "chain-id" else they will experience additional maintenance time.
After the upgrade is complete, THORChain will support Bitcoin Taproot addresses
Reminder: Chain upgrade is scheduled for tomorrow. No action needs to be taken by any user.https://x.com/THORChain/status/1830998743274909935
Reminder: Chain upgrade is scheduled for tomorrow. No action needs to be taken by any user
Node operators are asked to be online during the fork time to ensure a timely upgrade & minimal service disruption. Interfaces and wallets must update their "chain-id" else they will experience additional maintenance time.
After the upgrade is complete, THORChain will support Bitcoin Taproot addresses
02 Sep 2024, 22:16
My dear THORChain/Kujira/Maya Family, I am VERY HAPPY to announce our new THORChain Community Group on Session went LIVE today!
Download the Session app, push the "+" button, select "Join Community" and use the following link to gain entry:
https://sogs.thorchain.network/thorchain-community?public_key=87ab246e87787968c15473815da116c621b0b17d96e13f5dda15e49ebd9cbe47
Messages on Session are encrypted so anonymity is preserved--you don't need to provide any info about yourself in order to make an account. The code is also open-source. A communication redundancy is very important to the success of a decentralized system. I hope to see many of you in there! :)
My dear THORChain/Kujira/Maya Family, I am VERY HAPPY to announce our new THORChain Community Group on Session went LIVE today.My dear THORChain/Kujira/Maya Family, I am VERY HAPPY to announce our new THORChain Community Group on Session went LIVE today!
Download the Session app, push the "+" button, select "Join Community" and use the following link to gain entry:
https://sogs.thorchain.network/thorchain-community?public_key=87ab246e87787968c15473815da116c621b0b17d96e13f5dda15e49ebd9cbe47
Messages on Session are encrypted so anonymity is preserved--you don't need to provide any info about yourself in order to make an account. The code is also open-source. A communication redundancy is very important to the success of a decentralized system. I hope to see many of you in there! :)
25 Aug 2024, 13:20
I'm starting a THORChain community on session as a redundancy. If you want in, download the app and DM me. Here is my ID:
056e5fa32b68f7b8a9fc408c4c14a493a56bc80eaff1eeaf8b743b0ebcffe7907d
If I understand correctly, there is no "sharable" link, which means people must add other people directly (someone please correct me if I am wrong), this means growth starts off slow, but quickly increases in an exponential manner. This probably will keep out many scammers.
You can also make a link for your homepage for efficiency.
I'm starting a THORChain community on session as a redundancy. If you want in, download the app and DM me. Here is my ID:.I'm starting a THORChain community on session as a redundancy. If you want in, download the app and DM me. Here is my ID:
056e5fa32b68f7b8a9fc408c4c14a493a56bc80eaff1eeaf8b743b0ebcffe7907d
If I understand correctly, there is no "sharable" link, which means people must add other people directly (someone please correct me if I am wrong), this means growth starts off slow, but quickly increases in an exponential manner. This probably will keep out many scammers.
https://getsession.org/
You can also make a link for your homepage for efficiency.
20 Aug 2024, 21:36
THORChain’s second hardfork planned for 4-Sept:
THORChain's second hardfork planned for 4-Sept:.THORChain’s second hardfork planned for 4-Sept:
https://medium.com/thorchain/thorchain-september-2024-hard-fork-preparation-2ad163a2fc00
18 Aug 2024, 16:17
Yesterday's talk with JPTHOR and Coach Kuji! (here Phunky | Lucky Friday)
Yesterday's talk with JPTHOR and Coach Kuji. (here Phunky | Lucky Friday).Yesterday's talk with JPTHOR and Coach Kuji! (here Phunky | Lucky Friday)
https://x.com/i/broadcasts/1YqxovPqYzBJv?t=WqglUl7jYm4-IwhjOgKp1A&s=09
12 Aug 2024, 13:21
"Kujira Recovery" Pilot Sales are open
https://kujira.network/sales/all
"Kujira Recovery" Pilot Sales are open."Kujira Recovery" Pilot Sales are open
https://kujira.network/sales/all
11 Aug 2024, 21:31
Weekly Update by Jade! I am sure this will be one of the most transformative moments in our collective history! LFG!
Weekly Update by Jade. I am sure this will be one of the most transformative moments in our collective history.Weekly Update by Jade! I am sure this will be one of the most transformative moments in our collective history! LFG! https://x.com/cryptoismyjam/status/1822747363276148765
11 Aug 2024, 19:24
Kujira is curently a Cosmos L1 but will move to TC to become its applications layer. It is a full defi suite including an orderbook, swapping, lending+borrowing and its own unique liquidations protocol. All new loans on TC will be moved to this. Rev will be split evenly between Rune and Kuji stakers.
Kujira is curently a Cosmos L1 but will move to TC to become its applications layer.Kujira is curently a Cosmos L1 but will move to TC to become its applications layer. It is a full defi suite including an orderbook, swapping, lending+borrowing and its own unique liquidations protocol. All new loans on TC will be moved to this. Rev will be split evenly between Rune and Kuji stakers.
08 Aug 2024, 20:59
Would be interested to hear about ThorChads think about the Kuji plan moving forward? A lot of value to be driven in both directions:
Would be interested to hear about ThorChads think about the Kuji plan moving forward.Would be interested to hear about ThorChads think about the Kuji plan moving forward? A lot of value to be driven in both directions:
https://winkhub.app/posts/kujira-recovery-plan-thorchain-partnership
08 Aug 2024, 20:14
Big Kujira and THORChain update
Big Kujira and THORChain update.Big Kujira and THORChain update https://x.com/TeamKujira/status/1821632575980408918
05 Aug 2024, 15:20
"WHERE MUH COINZ?"
Wait times of over >2 hours CAN and WILL happen.
Take your TX ID and use this tracker. There WILL BE DELAYS today and probably the next few days as well with the state of the market. If your swap was less than 3 hours ago, please wait until after that time.
The outbound delay is a security feature and is completely normal! :)
"WHERE MUH COINZ. Wait times of over >2 hours CAN and WILL happen. Take your TX ID and use this tracker."WHERE MUH COINZ?"
Wait times of over >2 hours CAN and WILL happen.
Take your TX ID and use this tracker. There WILL BE DELAYS today and probably the next few days as well with the state of the market. If your swap was less than 3 hours ago, please wait until after that time.
The outbound delay is a security feature and is completely normal! :)
https://track.ninerealms.com/
31 Jul 2024, 14:14
RUNEPool is LIVE! ⚡️
Tweet:
Announcement:
The first interfaces - THORSwap and THORWallet - are now accepting deposits
RUNEPool is LIVE. Tweet:. Announcement:. The first interfaces - THORSwap and THORWallet - are now accepting deposits.RUNEPool is LIVE! ⚡️
Tweet: https://x.com/THORChain/status/1818650958336872792
Announcement: https://medium.com/thorchain/runepool-on-thorchain-bf8fef5587d5
The first interfaces - THORSwap and THORWallet - are now accepting deposits
27 Jul 2024, 18:13
Gm Thorchads,
Here is my 2h instudio conversation with the master of chaos and meme lord aka Lena aka JP THOR :
Gm Thorchads,. Here is my 2h instudio conversation with the master of chaos and meme lord aka Lena aka JP THOR :.Gm Thorchads,
Here is my 2h instudio conversation with the master of chaos and meme lord aka Lena aka JP THOR :
https://x.com/kevinwshpod/status/1817258933637329149?s=46
10 Jul 2024, 23:34
Keystone Poll to integrate THORChain! 14 hours! Gogogogo!
Keystone Poll to integrate THORChain. 14 hours. Gogogogo.Keystone Poll to integrate THORChain! 14 hours! Gogogogo! https://x.com/KeystoneWallet/status/1810673639085441177
28 Jun 2024, 18:02
⚡️ THORChain University's Bifröst School open for Enrolment 🎓
Know someone who has yet to dive into cross-chain DeFi or simply need to brush up on your THORChain knowledge?
Well, look no further! THORChain's OG education community TCU has just launched their official Bifröst School to help folks get caught up on all things THORChain 📝
Whether you're a total beginner looking to try your first cross-chain swap or a THORChad already, dive in and take part - there's lots to learn and generous rewards waiting!
Start learning now 👉 https://www.thorchain.university/
TCU Bifröst School is proudly supported by THORSwap via [TIP-009] Community Governance Proposal (https://snapshot.org/#/thorswapcommunity.eth/proposal/0x2055cba48f155544ad589febe8e1af00c40b2f40dd1560bb8a88559ef9f37c63)
Help spread the word 📣
️ THORChain University's Bifröst School open for Enrolment.⚡️ THORChain University's Bifröst School open for Enrolment 🎓
Know someone who has yet to dive into cross-chain DeFi or simply need to brush up on your THORChain knowledge?
Well, look no further! THORChain's OG education community TCU has just launched their official Bifröst School to help folks get caught up on all things THORChain 📝
Whether you're a total beginner looking to try your first cross-chain swap or a THORChad already, dive in and take part - there's lots to learn and generous rewards waiting!
Start learning now 👉 https://www.thorchain.university/
TCU Bifröst School is proudly supported by THORSwap via [TIP-009] Community Governance Proposal (https://snapshot.org/#/thorswapcommunity.eth/proposal/0x2055cba48f155544ad589febe8e1af00c40b2f40dd1560bb8a88559ef9f37c63)
Help spread the word 📣 https://x.com/THORChainUni/status/1806408764138115583
18 Jun 2024, 21:54
Listen in to today's discord space! Lots of great nuggets of news!
Listen in to today's discord space. Lots of great nuggets of news.Listen in to today's discord space! Lots of great nuggets of news! https://youtu.be/vq6t9kPEBpw?si=Yl2VF1vv73a4E3zP
17 Jun 2024, 00:33
Checkout my new video on THORChain Order Books and Rapid Swaps!
Note: it is a planned feature and the design subject to change.
What are your thoughts!
Checkout my new video on THORChain Order Books and Rapid Swaps. Note: it is a planned feature and the design subject to change.Checkout my new video on THORChain Order Books and Rapid Swaps!
Note: it is a planned feature and the design subject to change.
https://youtu.be/Liif_SUiEJI
What are your thoughts!
10 Jun 2024, 16:44
Trade Accounts have been enabled!
Trade Accounts have been enabled.Trade Accounts have been enabled!
10 Jun 2024, 14:13
Hey everyone, new episode of the Rune Recap out now! I think you'll like this one!
Hey everyone, new episode of the Rune Recap out now. I think you'll like this one.Hey everyone, new episode of the Rune Recap out now! I think you'll like this one! https://x.com/cryptoismyjam/status/1800168273142837376
05 Jun 2024, 20:12
THORChain's competitive ETH Router audit is live with Code4rena!
Audit contest will go on for 1 week. Please share with any interested devs or researchers. This is a step towards removing the smart contract whitelist & also transitioning to Router v5
Details:
THORChain's competitive ETH Router audit is live with Code4rena. Audit contest will go on for 1 week.https://x.com/THORChain/status/1798446444250288183
THORChain's competitive ETH Router audit is live with Code4rena!
Audit contest will go on for 1 week. Please share with any interested devs or researchers. This is a step towards removing the smart contract whitelist & also transitioning to Router v5
Details: https://code4rena.com/audits/2024-06-thorchain
23 May 2024, 12:29
15 May 2024, 21:24
Big integration for THORChain. Fireblocks means institutions can start running THORNodes, bonding, and holding RUNE. Single key solutions don't cut it for institutions. This is a key milestone for the maturity of the network
Big integration for THORChain. Fireblocks means institutions can start running THORNodes, bonding, and holding RUNE.https://twitter.com/THORChain/status/1790849359522701618
Big integration for THORChain. Fireblocks means institutions can start running THORNodes, bonding, and holding RUNE. Single key solutions don't cut it for institutions. This is a key milestone for the maturity of the network
14 May 2024, 21:29
🚧Scheduled pause for Cosmos Hub (ATOM) and Bitcoin Cash on THORChain 🚧
Please beware of two upcoming network forks for Cosmos hub and Bitcoin Cash occurring tomorrow:
Bitcoin Cash: @ 12pm UTC
Cosmos Hub: @
⚠️THORChain will be scheduled to halt each chain ~1 hour before their respective forks ⚠️
Bitcoin Cash will be unhalted after devs have verified stability post-fork. Cosmos will be resumed once node operators have updated to latest version.
Other chains and routes will not be affected.
Scheduled pause for Cosmos Hub (ATOM) and Bitcoin Cash on THORChain.🚧Scheduled pause for Cosmos Hub (ATOM) and Bitcoin Cash on THORChain 🚧
Please beware of two upcoming network forks for Cosmos hub and Bitcoin Cash occurring tomorrow:
Bitcoin Cash: https://upgradespecs.bitcoincashnode.org/2024-05-15-upgrade @ 12pm UTC
Cosmos Hub: https://github.com/cosmos/gaia/releases/tag/v16.0.0 @ https://www.mintscan.io/cosmos/block/20440500
⚠️THORChain will be scheduled to halt each chain ~1 hour before their respective forks ⚠️
Bitcoin Cash will be unhalted after devs have verified stability post-fork. Cosmos will be resumed once node operators have updated to latest version.
Other chains and routes will not be affected.
20 Apr 2024, 14:37
📢 Bitcoin Asia Hong Kong | 8-9 May, 2024
Happy Bitcoin Halving! 🎉 Hot on the heels of the Halving and Hong Kong Bitcoin ETF approval, we're pleased to announce that THORSwap + SwapKit will be a key sponsor and partner of Bitcoin Asia, Hong Kong, May 9-10.
A historic event hosted for the first time in Asia by The Bitcoin Conference (largest global BTC event).
Lead Contributor mogarchy will be presenting on the session "Bitcoin in a Multichain World" on May 9th. It's time to show off SwapKit in full force.
Bitcoin DeFi is for everyone. More Integrations, More Volume. The Liquidity Must Flow.
👉 Be sure to follow @THORSwap and @SwapKitPowered on X, and share this far and wide:
Bitcoin Asia Hong Kong | 8-9 May, 2024. Happy Bitcoin Halving.📢 Bitcoin Asia Hong Kong | 8-9 May, 2024
Happy Bitcoin Halving! 🎉 Hot on the heels of the Halving and Hong Kong Bitcoin ETF approval, we're pleased to announce that THORSwap + SwapKit will be a key sponsor and partner of Bitcoin Asia, Hong Kong, May 9-10.
A historic event hosted for the first time in Asia by The Bitcoin Conference (largest global BTC event).
Lead Contributor mogarchy will be presenting on the session "Bitcoin in a Multichain World" on May 9th. It's time to show off SwapKit in full force.
Bitcoin DeFi is for everyone. More Integrations, More Volume. The Liquidity Must Flow.
👉 Be sure to follow @THORSwap and @SwapKitPowered on X, and share this far and wide: https://twitter.com/THORSwap/status/1781682682709328210
12 Apr 2024, 13:32
Update on THORChain Lending pause
THORChain Lending services on THORSwap are currently paused due to TOR pool depth being shallower than expected. A proposed [THORChain update](https://gitlab.com/thorchain/thornode/-/merge_requests/3450) aims to correct this issue, bringing the TOR pool depth back to normal levels.
Due to the current contracted TOR pool depth, the internal swaps required to open/close lending positions cannot be streamed. Thus, while the lending quotes are accurate, they present the likelihood of >significant slippage<.
THORSwap is committed to maintaining transparency and safeguarding users, lending will likely remain paused until the update fix is implemented and verified.
Update on THORChain Lending pause.Update on THORChain Lending pause
THORChain Lending services on THORSwap are currently paused due to TOR pool depth being shallower than expected. A proposed [THORChain update](https://gitlab.com/thorchain/thornode/-/merge_requests/3450) aims to correct this issue, bringing the TOR pool depth back to normal levels.
Due to the current contracted TOR pool depth, the internal swaps required to open/close lending positions cannot be streamed. Thus, while the lending quotes are accurate, they present the likelihood of >significant slippage<.
THORSwap is committed to maintaining transparency and safeguarding users, lending will likely remain paused until the update fix is implemented and verified.
08 Apr 2024, 15:00
Quick Post-mortem of the WBTC Arb Incident
TC Treasury refunded the failed swap (70 BTC direct to swapper) within the first 2 hours post incident. Root cause identified the issue and fixes are inbound -- a vault had run out of ETH gas, so failed to process the tx (fixed); the WBTC was deemed an "unrecoverable refund" and kept in the pool (it should have been moved to outside the pool, but inside the vault).
TC Treasury is the largest LP of the WBTC pool; and thus captured the majority of the slip based fees of the event; roughly around 50BTC balance change across the event.
The other 20 BTC was captured via arbs. Arbs are mostly friendly to the protocol so this incident capitalised them; They are still requested to return their profits minus 10%.
* Work is underway to add more auto-pause when major slip-events are detected in large pools.
* Community has a bounty and a process (tag @nodeoperator) if seeing any suspicious tx now.
* Additional work to add more bots to monitor and flag txs to community.
No further recovery will be sought from participants; thanks for your engagement. TC is a complex protocol; community is first and last line of defence. Better a small incident now to apply levels of fixes than a large incident in the years ahead. Other L1 DEX protocols - please apply these fixes to your protocols as well.
Onwards.
Quick Post-mortem of the WBTC Arb Incident.Quick Post-mortem of the WBTC Arb Incident
TC Treasury refunded the failed swap (70 BTC direct to swapper) within the first 2 hours post incident. Root cause identified the issue and fixes are inbound -- a vault had run out of ETH gas, so failed to process the tx (fixed); the WBTC was deemed an "unrecoverable refund" and kept in the pool (it should have been moved to outside the pool, but inside the vault).
TC Treasury is the largest LP of the WBTC pool; and thus captured the majority of the slip based fees of the event; roughly around 50BTC balance change across the event.
The other 20 BTC was captured via arbs. Arbs are mostly friendly to the protocol so this incident capitalised them; They are still requested to return their profits minus 10%.
* Work is underway to add more auto-pause when major slip-events are detected in large pools.
* Community has a bounty and a process (tag @nodeoperator) if seeing any suspicious tx now.
* Additional work to add more bots to monitor and flag txs to community.
No further recovery will be sought from participants; thanks for your engagement. TC is a complex protocol; community is first and last line of defence. Better a small incident now to apply levels of fixes than a large incident in the years ahead. Other L1 DEX protocols - please apply these fixes to your protocols as well.
Onwards.
07 Apr 2024, 15:36
📣 Ethereum trading has been resumed on THORChain 🎊
Ethereum trading has been resumed on THORChain.📣 Ethereum trading has been resumed on THORChain 🎊
07 Apr 2024, 06:07
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 make pause "recommend pause now" "can a node pause please" etc
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.
Standing $50k Bounty To Call a Pause.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 make pause "recommend pause now" "can a node pause please" etc
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.
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