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THORChain Announcements
IL Protection paid out to 9 Sushiswap Pools
IL Protection is in-built into MCTN, and upcoming MCCN.
Become a First Class Citizen of Asgard - the Hall of Valhalla is large.
For all your THORChain Collectibles Discussions:
/channel/runenft
Monthly Treasury Report — Feb 2021
The treasury comprises of $57m, funding protocol development, liquidity and paying out to community grants. The protocol has 203m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-feb-2021-58b8890329a8
ASGARDEX pre-release V0.0.5
* Fix signed issue for macOS
* Fix misc. UI issues
Please test and suggest improvements:
https://github.com/thorchain/asgardex-electron/releases/tag/v0.0.5
Impermanent Loss Protection paid out for 9 Sushiswap pools.
$ETH, $USDT, $SUSHI, $YFI, $ALPHA, $CREAM, $PERP, $SNX, $AAVE
THORChain Weekly Dev Update for Week 80, 01–08 Feb
* Multichain Testnet Launched,
* Tweaks to Bond Rewards Logic,
* @asgardex live
Read more:
https://thorchain.medium.com/6weekly-dev-update-80-2a306247370c
Sushiswap IL Protection
22k RUNE deposited into 9 Sushiswap pools to cover IL for the week.
$RUNE
THORChain Weekly Dev Update for Week 79, 26–31 Jan
* Redeployed Testnet,
* final preparations in ASGARDEX,
* ZCash and Dogecoin bridges scoped,
* Litecoin, Bitcoincash support in @XChainJs
https://medium.com/thorchain/weekly-dev-update-79-e61f99cbc064
Sushiswap Incentives
30k RUNE ($105k USD) paid to $SNX, $AAVE and $YFI pools.
The next three pools to receive targeted incentives will be:
* $ALPHA
* $CREAM
* $PERP
Add liquidity on SushiSwap to be included.
https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb
Beat the IL
In addition this week there will be a weekly drop paid to all Sushi pools that aims to beat IL.
1) Weekly price snapshotted
2) Price change -> Impermanent Loss calculated -> 2 * IL * poolDepth = RUNE drop.
3) Any price reversion is thus extra yield for LPs
Eg, for a pool RUNE-ASSET, depth of 1m RUNE:
1) Price change 25% (up or down)
2) IL = 2*sqrt(1.25)/(1+1.25)-1 = -0.006
3) 2 * 0.006 * 1000000 = 12,000 RUNE to be paid
This is a trial run, it may be tweaked in future.
Postmortem on Stuck Retiring Vault #q00t
A retiring vault got stuck halfway during a migration. Approximately $80m in funds were frozen until the team released a patch to continue the migation. The protocol remained operational thorughout.
https://medium.com/thorchain/post-morten-stuck-retiring-vault-q00t-8de23027daeb
THORChain Update
All nodes have updated to V18 and the network is recovering. The frontend will be up as soon as the outbound queue is cleared.
Thanks for patience
Reminder:
When the multichain is live, the BNB.RUNE <> ETH.RUNE bridge will be terminated. The supplies on either side will be locked in.
If you want to hold ETH.RUNE over BNB.RUNE, the time to switch is now:
https://runebridge.org/
running thorchain
and bitcoin
and ethereum
and litecoin
and bitcoincash
and binancechain
THORChain Weekly Dev Update for Week 77, 12–18 Jan
* BitcoinCash,
* Litecoin,
* ETH Router finalisation,
* Midgard Updates
* Community Dev Work
Learn more:
https://medium.com/thorchain/weekly-dev-update-77-e88e0e39b124
LARGE BNB.RUNE -> ETH.RUNE swaps
If you would like to skip the bridge and do a large swap to ETH.RUNE (or back) (100k -> 1m+ RUNE ) dm @tgkai
(beware scammers)
Fee: 50 RUNE, will be processed every ~12 hours
Weekly Dev Update #82
THORChain Weekly Dev Update for Week 82, 15-21 Feb; Impermanent Loss Protection, Synthetic Assets, DOGE finished, Community Tool tweaks
https://medium.com/thorchain/weekly-dev-update-82-3e5a360b4462
Chaosnet Is Recovering
The network is recovering:
* Churn complete
* Backlog being cleared
* TSS signing again
Monitor the queue:
https://chaosnet-midgard.bepswap.com/v1/thorchain/queue
Reminder: THORChain is decentralised and relies on incentives to coordinate behaviour. Your funds are safe because nodes are bonding way more money than you, and will do everything they can to get back to operational. Sometimes the cost of decentralisation show up as delays, but the flip side is - no body can censor, stop you or steal from you.
Impermanent Loss Protection paid out for 9 Sushiswap pools.
$ETH, $USDT, $SUSHI, $YFI, $ALPHA, $CREAM, $PERP, $SNX, $AAVE
THORChain Weekly Dev Update for Week 81, 08–15 Jan
* V0.20, V0.21, V0.22,
* Historical USD pricing in Midgard,
* ASGARDEX improvements,
* BEPSwap Improvements.
https://medium.com/thorchain/weekly-dev-update-81-7ff6f78fe4a0
THORChain Collectibles
The entire collection has been fully distributed.
* 2325 total
* 1500 unique owners
The team will now follow up with those who think they may have missed out on a case-by-case basis.
If you think you missed out and have:
* your original runevault address
* your intended ETH address
* staked in RUNEVault prior to Sep 2020
Note: since the collectibles are capped (in number) you may have been eligible, but a lottery was used to select, so you may have missed out on a certain tier.
Claim form (no time-wasters pls):
https://forms.gle/LVSH3P6MomLRHKMF8
https://opensea.io/assets/thorchain-collectibles
Official Announcement and Instructions
THORChain Multichain Testnet Live ft. BTC, BCH, LTC, BNB & ETH
Learn how to join and test:
https://medium.com/thorchain/thorchain-multichain-testnet-live-ae1f68f542a6
RUNE Distribution Update
Total of ~12000 holders, with 40% holdership engagement, 22% supply engagement.
https://medium.com/thorchain/rune-distribution-update-c10886f46a1c
Monthly Treasury Report -Jan 2021
The treasury comprises of $25m, funding protocol development, liquidity and paying out to community grants. The protocol has 212m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-jan-2021-862a9ae3940d
THORChain Weekly Dev Update for Week 78, 19–25 Jan
* Litecoin,
* New Testnet,
* Final preparations in ASGARDEX,
* Upcoming releases for Community Products,
* Ethereum support in XChainJs
https://medium.com/thorchain/weekly-dev-update-78-50736feb67fa
PLEASE BE PATIENT
The network is fielding a lot of requests right now, please be patient. You can monitor the queue here. If the queue is large, come back later.
http://68.183.241.109:1317/thorchain/queue
SUSHISWAP INCENTIVES
Sushiswap incentives for the week: Up to 75k ($200k) RUNE split evenly over the following pools:
$SNX
$YFI
$AAVE
Provide liquidity now to receive the yield:
https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb
BEPSwap Frontend Down for Maintenance
Due to a churn issue that is being addressed, the frontend is down for maintenance to prevent the outbound queue getting too large.
Once nodes have updated (expected sometime today), the frontend will be put live again.
New THORChain v0.1 website is live!
Loud and proud, THORChain is going to make a splash.
Built by community contributors
https://thorchain.org/
Sushiswap Pool Incentives
The following pools received incentives:
* RUNE:ETH (10.5k RUNE)
* RUNE:USDT (6k RUNE)
* RUNE:SUSHI (13.5k RUNE)
Total: 30k RUNE
Will continue throughout the week.
https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb
RUNEBRIDGE
Site is live again and more stable. Enjoy!
If you are paranoid, DM an admin about how to do a swap manually across the bridge using TX memos.
https://runebridge.org/