Thorchain Community Member Shares Experience of Using Thorchain's Native Bitcoin Lending
Thorchain Community Member Shares Experience of Using Thorchain's Native Bitcoin Lending
A community member successfully used Thorchain's native Bitcoin lending by putting in $527 worth of Bitcoin as collateral and borrowing 43 RUNE ($263 worth). The lending feature worked with the ShapeShift Bitcoin wallet but not with OKEx web wallet or Uniswap wallet. The member needs to pay $263 worth of any supported coin later to free up the Bitcoin collateral. Despite enjoying appreciation of both RUNE and Bitcoin, there was no liquidation, marking this as an important and new feature.
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.