THORChain Aims for Long-Term Decentralized Finance Integration with Bitcoin
THORChain Aims for Long-Term Decentralized Finance Integration with Bitcoin
🔑 Unlocking Bitcoin DeFi?
THORChain, a decentralized layer-one liquidity protocol, is working to provide secure decentralized finance (DeFi) services for Bitcoin in a safe and sustainable manner. The project aims to establish a lasting legacy by offering swapping, earning, and borrowing capabilities for Bitcoin, Ethereum, BNB, Cosmos, and other cryptocurrencies. THORChain emphasizes its commitment to being around for decades, allowing users to participate or opt-out as desired. The protocol serves as infrastructure for top wallets and exchanges, facilitating decentralized liquidity.
THORChain is trying to offer *real* defi to Bitcoin, in the safest way possible. It is trying to be around for decades, longer. It is aiming to set a legacy. If you want to participate, you can. If you don’t, that’s ok.
I'm going to get some haters, but this is the day I add some real Bitcoin, leveraged on ThorChain. Thanks in advance for all the people saying - "bro wasn't around in 2021" - "dude, do you know about Celsius?" - ⚠️⚠️⚠️ - Vorhees is a 💩🪙er - 🚩🚩🚩🚩🚩
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.