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THORChain Announcements
💡Protocol Spotlight: RUNEBondApp - Facilitating Bonding
In THORChain, community-driven initiatives are constantly popping up to support the eco’s growth and we love to see it, Chads!
A very recent example is RUNEBOND, a new app that strips away all complexity for anyone looking to Bond their RUNE.
✅In just a few weeks of going live, it’s already bonded over 378k RUNE and now supports 14 listed Nodes. Now that’s a pretty solid milestone!
🔒As we all know putting $RUNE to work is key to THORChain’s security, but it also comes with a nice passive yield.
Today we’re breaking down what RUNEBond is and how easy it all works, so strap in and read it all here👇
https://x.com/THORChain/status/1923087571820871915
🚨EdDSA - A Highly Complex Integration We've All Been Waiting For!
Solana keeps coming up in Chad discussions and for a good reason. ⚡️
It hasn't gone live yet, but this thread will help you understand what's happening: Beyond internal challenges, one of the main reasons is the engineering complexity introduced by Solana’s architecture, something THORChain’s contributors are still actively working through.
❓Curious why this isn’t just another chain plug-in?
The full breakdown.
https://x.com/THORChain/status/1922419873533329727
🚨 New Deep Dive: Bonding isn’t just a checkbox on THORChain — it’s the economic engine securing real BTC, ETH, and more.
While most users interact with the protocol by providing liquidity or using Savers, the role of node operators and the capital they bond underpin the entire architecture.
THORChain isn't securing an internal ledger, it's securing external, exogenous assets like Bitcoin and Ethereum using native vaults, with no third-party custody or wrapping.
This makes the validator model fundamentally distinct.
As JPThor puts it:
“It’s not just validating a network - it’s securing exogenous capital”
🧵 Read the full breakdown on why bonding is the bedrock of THORChain’s economic security model:
https://x.com/THORChain/status/1920597285185958254
TCY is officially launched 🎉
Launch Details: https://medium.com/thorchain/tcy-launch-d48bb63cfc4e
TCY is a new asset on THORChain claimable by those affected by Lending and Savers. $TCY stakers earn 10% of the network's income indefinitely. It will also be available to trade on your favorite frontends
There is no rush to claim TCY. Beware scam links - there is no airdrop. Take your time to verify the claim interface you are using is legitimate.
https://x.com/THORChain/status/1919488083315327062
🚨THORChain v3.5.0 goes way beyond a version update. It’s a critical structural release that tightens the engine across every layer
Multiple high-impact PRs have landed simultaneously, including:
⚪️ A full refactor of Bifrost
⚪️ Security hardening in outbound transaction logic
⚪️ Major aggregator upgrades
⚪️ And most notably, the rollout of TCY, a new protocol-native yield token built to realign incentives after the ThorFi shutdown
Check out our break down of the most significant changes in v3.5.0 and explain exactly why they matter for protocol operators, liquidity providers, and the next wave of cross-chain integrations👇
https://x.com/THORChain/status/1917881813768208846
⚡️$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
🚨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
MASSIVE Improvement - Well Done ❤️
12:03: large weird transaction
12:07: Node pauses
12:23: Community finish due diligence and network un-paused.
4mins to pause, 20 mins to resume.
This is a huge improvement since Friday.
- The bot flagged a tx
- A node hit pause
- The community had a channel and a process to follow.
This is how a decentralised network handles an adversarial environment. Onwards. 🚀
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.
This is to resolve the delayed ETH outbound queue situation
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✅ Heads up! Trading is resumed on the AVAX chains!
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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
Further updates on current DOGE and ERC-20 (e.g. ETH.SNX & AVAX.USDC) outbound issues
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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.
Monthly Treasury Report - July&August 2021
The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has 180m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-july-august-2021-b6ffb7b29268
🧵ECOSYSTEM OVERVIEW
GM Chads! Each week we're sharing hot news news impacting THORChain that you might've missed.
Here are 5 great posts you gotta know about. Shoutout to all 👇
https://x.com/THORChain/status/1922721145737941168
💡Community Spotlight #2: THE BONDSMITH
Every week we're shining a light on the people who help empower THORChain, and we'll be reaching out to you too!
⚡️ each week we're interviewing standout contributors and our 2nd guest is RUNE Fund Manager and THORChain Veteran
Kenton Ralph Toews
Check out his full insights here 👇
https://x.com/THORChain/status/1920962747577049170
Protocol Spotlight #2:
LeoDex has been flying under the radar, but that’s about to change!
During the $TCY launch, they've been gaining praise and respect for a UX that just works. It's clean, fast, built for native swaps, without clutter and friction.
LeoDex routes real assets across THORChain, Maya, Chainflip & Rango.
And they’re just getting started. Read all about it here 👇
https://x.com/THORChain/status/1920219835704742225
THORNODE ❗️MAINNET❗️UPDATE 3.5.0
https://gitlab.com/thorchain/thornode/-/releases/v3.5.0
NETWORK: MAINNET
TYPE: Non-coordianted
URGENCY: ASAP
There were issues in the TCY store migration that were not caught in stagenet testing, causing a necessary delay to recut the release. Please install the latest image to continue block production:make pullmake install
Once the quorum has updated, block production will continue with network version 3.5.0. The node version for active validators will be automatically updated. All non-active validators must run make set-version to be eligible for the next churn.
This release also includes significant Bifrost refactoring, which reduces chain bloat and paves the way for 2 second blocks. Devs have paused trading, signing, and scanning - which will be progressively resumed in reverse order after functionality is verified. We hope for no issues, but have in place a fallback plan for a validator-only 3.5.1 to revert the behavior change if necessary. Nodes and the community are kindly requested to maintain greater than usual vigilance during the coming hours and days.
⚡️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
🚨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
Treasury Movements
Treasury has moved 6000 BNB to USDC via RUNE.
Community will see large treasury transactions underway.
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.
🚨🚨🚨 Attention! Trading is halted on the ETH chain! Refrain from using it until the trading is restarted! 🚨🚨🚨
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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. 🙏💚⚡️
THORChain is currently not processing AVAX transactions due to a global outage of Avalanche C-Chain.
https://x.com/pluto9r/status/1761016104258806065
$7.3m worth still in BEP2 pools.
17 days to Ragnarok.
Withdraw now!!
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.
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
Hardening the THORChain Protocol
Steps taken to make THORChain more resilient to attacks and network uncertainty.
* Automatic Solvency Checker
* Granular Network Pause Controls
* Node Timeouts
* Outbound Throttling
* Node Broadcast Bot
* Live Monitoring
https://medium.com/thorchain/hardening-the-thorchain-protocol-f80164de7685