A proposal has passed for the unwinding of ThorFi (Savers & Lending) https://gitlab.com/-/snippets/4801556.

I wanted to clarify this on the space: https://t.me/thorchain_org/701878

We got this guys, please share this post by Kenton. We did THORChain spaces for like 3.5 hours. We covered absolutely everything. If you want the end watch the 2nd space. https://x.com/KentonC137/status/1885915557591121927?s=19

https://gitlab.com/-/snippets/4801556

Interesting proposal by THORWallet dev https://x.com/crypto_XZ/status/1885753443601547275?s=19

Ninerelams update : https://x.com/ninerealms_cap/status/1885743387862556981?s=19

The TLDR for TCB 1. Snapshot Debt in USD Terms: o Calculate debt at the time of the pause in USD. o Create and distribute a claim token called $tusd at a 1:1 asset-to-token ratio, claimable by deposit wallets. Coverting the debit. 2. Unwind Module & Revenue Allocation: o Remove the current burn mechanism. o Allocate 10% of system income to a new Unwind Module to market buy $tusd claims regularly. 3. Retire ThorFi: o Convert all synthetic assets to LP units and lock them. o Force exit RunePool participants by selling the associated POL position back to RUNE. o Gradually retire the POL over a 60-day period, effectively acting as a $RUNE buy from the pools. 4. Create a Claim Process & Orderbook: o Implement a claim interface where creditors can claim their $tusd by signing with their native Thorchain wallet. o Establish an orderbook for creditors to sell their claims, serving both primary and secondary markets. 5. Market Buy Manager: o Automate hourly market purchases of claims from the orderbook using Unwind Module funds. 6. Code Simplification & Protocol Cleanup: o Once there is over $1M in unclaimed market order bids for a month, burn any remaining $tusd tokens. o Remove all associated code for claims, $tusd tokens, POL, and ThorFi to prevent future maintenance and security risks. 7. Final Protocol Transformation: o Thorchain returns to being exclusively a DEX with no financial instruments at the protocol layer. JP also has a proposal at https://gitlab.com/thorchain/thornode/-/issues/2143. Differences between TCB and JP's proposal 1. Not lottery based 2. Users get price at time of freeze 3. Force ejects all RUNEPoolers 4. No discounts on offer 5. Includes changes to LP design (move away from passive LPing to a V3 model) and block time to boost revenue 6. Forces POL back into reserve, taking that RUNE off market You can see more proposals in the dev discord.

https://gitlab.com/thorchain/thornode/-/issues/2144

TLDR: Nodes have voted to pause Savers withdrawal and Lending redemption. Swaps and LP deposits/withdrawals are not affected. Please read the below thoroughly: - Initial announcement from 9R on Dev Discord: https://t.me/thorchain_org/691364 - Spaces recording between Kenton & PatriotSounds: https://t.me/thorchain_org/694310 or https://t.me/thorchain_org/693863 - Tweet from JP: https://t.me/thorchain_org/692187 - Good post by Erik Voorhees summarizing the situation: https://t.me/thorchain_org/692211 - Commentary from TCB: https://x.com/1984_is_today/status/1882677133795062038 1- Please don’t ask repeat questions when it’s obvious you did not read the pinned messages above. 2- There are lots of discussions for path forward on Dev Discord. Feel free to read there if interested. Any significant important developments will be shared/pinned here once announced. 3- Any obvious baseless accusations, useless speculations, personal attacks and vulgarities will be muted, warned, or banned without further notice.

It appears Ledger now supports THORChain app in the catalog. You no longer need developer mode and experimental features https://x.com/familiarcow/status/1879774652870144312?t=jR9vnYHO9uw0j5UfRrOkHA&s=19

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!!

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

Announcement: All Savers deposits temporarily halted (in preparation for Base, which will have no Savers/Synths at all). Withdrawal still as normal.

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

Update

For anyone who wants to speedrun everything that happened in 2024, here is a thread with the last 6 months of $RUNE RECAP 🙂

https://x.com/codehans1/status/1874105354457669752?t=ddv6JP2S3PPOW9XYfqNhqg&s=35

we’re shipping Base a week from today

https://x.com/cryptoismyjam/status/1873812086482252070

https://x.com/cryptoismyjam/status/1871259123003646239

https://x.com/thorchain/status/1871225377697435698?s=46&t=GV8UkgbuuUMw737T-3VKuA THORChain is now supported in Keplr Wallet

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

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

⚠️ 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.

🚨🚨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

https://x.com/cryptoismyjam/status/1868475396012056694

Announcing THORChain-powered swaps are now live in Bitget Wallet ⚡️ Powered by SwapKit https://x.com/thorchain/status/1854528266897629281

My THORChain October update is now out https://youtu.be/AHZSZ-eS0QQ

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

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

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

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

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

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! :)

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.

THORChain’s second hardfork planned for 4-Sept: https://medium.com/thorchain/thorchain-september-2024-hard-fork-preparation-2ad163a2fc00

Yesterday's talk with JPTHOR and Coach Kuji! (here Phunky | Lucky Friday) https://x.com/i/broadcasts/1YqxovPqYzBJv?t=WqglUl7jYm4-IwhjOgKp1A&s=09

"Kujira Recovery" Pilot Sales are open https://kujira.network/sales/all

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

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.

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

Big Kujira and THORChain update https://x.com/TeamKujira/status/1821632575980408918

"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/

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

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

Keystone Poll to integrate THORChain! 14 hours! Gogogogo! https://x.com/KeystoneWallet/status/1810673639085441177

⚡️ 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

Listen in to today's discord space! Lots of great nuggets of news! https://youtu.be/vq6t9kPEBpw?si=Yl2VF1vv73a4E3zP

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!

Trade Accounts have been enabled!