Thorchain Community Member Shares Experience of Using Thorchain's Native Bitcoin Lending

By Thorchain
Mar 11, 2024, 5:02 PM
twitter
News article
Photo by Thorchain

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.​

Sources
Read more about Thorchain

Oracle Fragility: The Hidden Risk in Perpetual Trading

**Oracle fragility** represents a significant yet underestimated risk in perpetual futures trading. Traditional perps platforms rely on external price feeds that can fail or be manipulated, potentially causing: - Incorrect liquidations - Price manipulation attacks - System-wide failures during market volatility **THORChain and Rujira Network** have addressed this vulnerability through **Enshrined Oracles** - price feeds built directly into their blockchain protocols. This approach offers: - **Enhanced security** through consensus-level validation - **Reduced single points of failure** - **More reliable price discovery** during extreme market conditions As perps trading volume continues growing, oracle reliability becomes increasingly critical for trader protection and platform stability.

THORChain Launches Local Testnet for Developers

**THORChain testing just got easier.** @0xbloctopus released a complete local testnet that mirrors mainnet functionality. **Key features:** - Runs entirely on your local machine - Full cross-chain network replication - Reset capability for fresh testing **Perfect for:** - Developers building integrations - Researchers testing protocols - New contributors learning the system **Benefits include** faster development cycles, safer upgrade testing, and smoother overall development experience. This addresses a major pain point - cross-chain networks are notoriously difficult to replicate for testing purposes.

LeoDEX Launches Instant Memoless Swaps for Smoother Trading

**LeoDEX has launched instant swaps** featuring memoless transactions, streamlining the trading experience for users. The new feature eliminates the need for transaction memos, making swaps faster and more user-friendly. This represents a significant improvement in the platform's trading infrastructure. **Key benefits:** - Instant transaction processing - Simplified swap process without memos - Enhanced user experience LeoDEX continues to build and scale its decentralized liquidity protocol, focusing on seamless trading across multiple blockchain networks including BTC, ETH, BNB, and Cosmos ecosystems.

🔥 THORChain Drops Two Game-Changing Features

**THORChain launched two major upgrades on mainnet:** **Limit Orders** - Available for all asset types (Native, Secured, Trade) - Hybrid system combining orderbook and AMM functionality - Gives traders precise price control while improving arbitrageur efficiency **Memoless Transactions** - Swap from any wallet without connecting it - No wallet connection required - protocol handles everything via API - Eliminates user error and provides CEX-like experience on a true DEX These features enable native cross-chain swaps between assets like ETH, BTC, XRP, and TRX without centralized exchanges, KYC, or wrapped tokens. [Read the full details](https://blog.thorchain.org/new-features-on-thorchain-limit-orders-memoless-transactions/)

THORChain Treasury Reaches 5% TCY Token Holdings Milestone

THORChain's treasury has accumulated approximately **5% of the total $TCY token supply**, marking significant progress in their strategic token acquisition program. This milestone follows the treasury's initial accumulation phase that began in September, when they announced plans to deploy **$5 million progressively** as outlined in Proposal 6. Key developments: - Treasury now holds substantial TCY position - Execution will transition to CALC Finance once operational - Part of broader $5M deployment strategy The accumulation represents THORChain's commitment to building strategic reserves while supporting the TCY ecosystem through measured treasury operations.