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
Nami Protocol Introduces yRUNE: A Yield-Bearing Token Solution
Nami Protocol announces yRUNE, a new yield-bearing product that combines $RUNE and $TCY tokens. The product automatically rebalances to maintain RUNE exposure while generating yield through TCY. TCY (THORChain Yield) is a revenue-sharing token that receives 10% of THORChain's system income. Key features: - Total supply: 210 million tokens - Initial value: $0.10 - Backed by real protocol revenue - Staking rewards paid in RUNE - No inflation mechanism The system represents a new passive income layer in the THORChain ecosystem, focusing on sustainable yield generation rather than inflationary tokenomics.
EDDSA Support for Solana Coming in v3.8.0
The upcoming v3.8.0 release is set to introduce EDDSA support for Solana ($SOL), marking a significant protocol upgrade. - Implementation timeline targets release after completion of final testing phase - Feature was initially announced on June 19th as part of v3.8.0 roadmap - Integration will expand cross-chain capabilities *Note: Final deployment timeline depends on successful completion of all testing procedures.*
RUJI Token Launch and Protocol Update
The RUJI token officially launches today, marking a significant milestone for the Rujira Network ecosystem. This follows the successful deployment of RUJI Trade and RUJI Pools earlier this month. Key updates: - RUJI token goes live for trading - Trading and liquidity pools operational - Initial asset selection limited but expanding - Protocol supports major cryptocurrencies including BTC, ETH, BNB, and Cosmos assets The platform continues to build infrastructure for decentralized liquidity provision across multiple blockchain networks.
THORChain Video Update
THORChain released its latest video update, continuing the series from previous releases in December 2024 and January 2025. The protocol maintains its focus on cross-chain liquidity and decentralized trading infrastructure. Key developments: - Enhanced swap functionality across BTC, ETH, BNB, and Cosmos networks - Improved liquidity provider features - Updated borrowing mechanisms The video demonstrates ongoing progress in THORChain's core mission of providing decentralized cross-chain infrastructure.
THORChain Upgrade Enhances App Layer and Node Operations
THORChain's latest upgrade delivers significant improvements across multiple fronts: - Enhanced App Layer flexibility allowing developers more freedom to build and scale - Improved safety and efficiency for THORNode operations - Streamlined developer workflow and enhanced user experience - Updated compatibility with Bitcoin and Ethereum innovations Recent data shows strong adoption metrics: - 30K+ active monthly swappers - 70% new users each month - Growing popularity among small-value transactions (<$1K) - Organic growth without protocol-level incentives The upgrade positions THORChain as both a cross-chain hub and DeFi foundation layer, setting the stage for expanded capabilities including lending, orderbooks, and perpetuals.