Last call to remove LP position and disagreement with removal of Impermanent Loss Protection
Last call to remove LP position and disagreement with removal of Impermanent Loss Protection
Thorchain is making a final call for LP holders to remove their positions if they disagree with the removal of Impermanent Loss Protection. Nodes have been asked to wait to vote out of courtesy but can resume voting at any time. The current ILP exposure is 60k $RUNE.
Last call to remove your LP position if you disagree with the removal of Impermanent Loss Protection, so this liability can be removed for the future. Nodes have been asked to wait to vote out of courtesy but can resume voting at any time. Current ILP exposure: 60k $RUNE
There is a node vote underway to remove Impermanent Loss Protection (ILP). ILP was removed in Jan-23 for all new deposits, but old LP positions were grandfathered protection. If passed, this vote will remove ILP from all positions indefinitely. Changes will take place in ~30
THORChain v3.14.0 Fixes Critical Swap Delays and Vault Issues
**THORChain v3.14.0** addresses several critical issues affecting user experience and network operations. **Key Fixes:** - **Swap Speed Restored**: Fixed bug causing trade assets (BTC~BTC) and secured assets to take ~13 minutes instead of instant settlement - **Vault Recovery**: Automated retry system for failed refunds from retired vaults, eliminating manual intervention - **Quote Consistency**: Removed randomness in quote queries to ensure same inputs always return identical results - **Outbound Safety**: All transactions now checkpointed immediately to prevent silent failures **Technical Improvements:** - Retired vault balances automatically recovered and refunded - Streaming swap time estimates now accurate for rapid swaps - Enhanced node safety with automatic retry mechanisms These updates resolve operational overhead, improve swap reliability, and strengthen the overall network infrastructure for cross-chain liquidity.
Vultisig Launches DeFi Tab for One-Tap Cross-Chain Access
**Vultisig** rolled out its new DeFi tab on iOS, enabling **one-tap access** to DeFi on Rujira Network and THORChain directly from vaults. **CALC Finance** announced grid trading coming soon to Rujira Network, offering advanced trading strategies within the native cross-chain stack. **Rujira Network** simplified cross-chain UX with omnichain logic - users just deposit USDC and the network handles everything else. No chain switching or extra steps required. **SwapKit** secured another major integration as CoolWallet joined to access THORChain routes for cross-chain flows, advancing native interoperability.
THORChain Node Operators Called to Vote on Critical Mimir Network Update
**THORChain node operators are being urged to vote on a crucial Mimir update** that promises to enhance network efficiency. The update specifically targets: - **Arbitrage support** - providing better tools for arbitrageurs - **Network optimization** - improving overall system performance - **Operational efficiency** - streamlining network operations This follows a previous October proposal to scale the App Layer by increasing TVLCAPBASIS to 15,000, which aimed to unlock deeper liquidity across the protocol. **Node operators play a critical role** in THORChain's governance, with their votes determining key protocol upgrades and parameter changes that affect the entire ecosystem. The community is actively encouraging participation to ensure the network continues evolving and maintaining its competitive edge in decentralized liquidity provision.
V3.14.0 Release Scheduled for Friday with Key Fixes
A new version **V3.14.0** is set to launch this Friday, bringing essential fixes and improvements to the platform. The development team describes this as a **small but important release**, focusing on stability and performance enhancements rather than major new features. Key highlights: - Targeted bug fixes and system improvements - Streamlined release focused on core functionality - Continues the platform's regular update schedule This follows the team's pattern of consistent updates, with previous releases showing their commitment to iterative improvements and maintaining platform reliability.
馃敟 Cross-Chain Wars Heat Up
**Cross-chain competition intensifies** as most protocols rely on wrapped tokens and centralized solutions to scale. **THORChain takes opposite approach:** - Uses real assets instead of synthetic versions - No wrapped tokens or custodians required - Maintains decentralized infrastructure This creates a **fundamentally different model** - prioritizing resilience over quick scaling solutions that introduce trust assumptions. The battle lines are drawn between fast-scaling wrapped asset protocols and native asset approaches like THORChain.