Thorchain to Burn 60m RUNE for Lending Space
Thorchain to Burn 60m RUNE for Lending Space
In the next network upgrade, Thorchain will burn 60m RUNE to create space for lending, onboarding a minimum of $100m in new collateral for monetisation. Borrowers will enjoy a 50% LTV loan with no liquidation. The system is expected to double in TVL and quadruple in price action as it expands.
In the lead-up to the MAXCR drop from 500% to 200% many BTC lenders closed (likely in order to re-open). 425 BTC ($22m) down to 226 BTC ($11m). A very good stress test on the system. Almost 50% of the lending book closed in 3 days. How did the system go in the last few days?
Big news in @THORChain land! TC now offers the best loan terms in all of crypto: 50% LTV, 0% interest, NO LIQUIDATION, and no expirary Seems too good to be true, but it is! A $RUNE 🧵👇
All @THORChain loans can now be taken out at 50% LTV. This user borrowed $26k against a 1 $BTC deposit to do whatever they like with. They'll pay 0% interest for this service, and won't be liquidated even if BTC goes to $1. It's hard not to see lending get maxxed out soon⚡️
🏦→ Loan open [m90j] Collateral deposited: 0.999 BTC ($51,872) CR: x2.0 Debt: $25,927 Target asset: Rune ᚱ dashboards.ninerealms.com/#lending
My looped $ETH position is currently up an extra 44% compared to holding spot. I pay no interest fees and can't be liquidated. Interested? If you missed the boat before, free leverage on $BTC and $ETH is about to become available on @THORChain again ⚡️
I took out an early $ETH backed loan through Thorchain at around 47% LTV. I looped back into $ETH 3x and now have exposure to 70% more $ETH compared to holding spot. There are no interest costs, funding fees or liquidations. If you're ok with the smart contract risk and are
V128 will burn 60m RUNE to make space for lending. This will onboard a minimum of $100m in new collateral for TC to monetise in its liquidity. Borrowers get an amazing loan (50% LTV), TC gets assets to monetise. Win-Win
10 more nodes to vote. 60,000,000 $RUNE will be burnt, and effectively turned into collateral buffer - allowing an additional $100m+ of collateral to be onboarded to the system. $100m of BTC and ETH loans at 200% CR. Onwards
In the next THORNode release v128, 60m $RUNE will be burned to create capacity for 2.1k BTC (or 41k ETH) collateral for lending with a fixed LTV of 50% Keep track with the below PR: gitlab.com/thorchain/thor…
ADR12 has been voted on. 60m RUNE will now be burnt, and provided for acceleration of lending. Lending CR's will drop to 200% flat - ie, a 1 BTC loan will yield $25k debt (50%). Onwards.
Now that ADR12 has passed, let's talk about how it will be enacted and compare it with any similar events in past. 🧵
ADR12 has received strong support. 1) Burns 60m RUNE (essentially giving the protocol control of that supply) 2) Allowing Lending Collateral to scale to ~25m RUNE ($125m worth of collateral can be onboarded) 3) Collateral is given to TC for free by users, for TC to monetise
103 THORNodes are currently voting on whether to burn 60m $RUNE (worth over $300m) and drop lending collateralisation ratios to 200%. Currently at 32% for. Jump in the discord to participate in the discussion. Onwards!
Every little $ETH price pump is like a knife to my heart… cos my lending collateral was liquidated at $1700. Not blaming that specific lending protocol… BUT, no liquidation, no interest, no expiry, flat 50% LTV loans NOW AVAILABLE on @THORChain ?!? Sign me up!!! 😻💚⚡️
🏦→ Loan open [m90j] Collateral deposited: 0.999 BTC ($51,872) CR: x2.0 Debt: $25,927 Target asset: Rune ᚱ dashboards.ninerealms.com/#lending
What if you could double your exposure to $ETH without liquidations or paying interest? That is the benefit of looping your loan on @THORChain Loop your loan 7x and you will have twice the exposure with: ⚡️No expiry ⚡️No interest ⚡️No liquidations 7x Loop loan: You have
MaxCR has been lowered to 200%. All loans now opened are 50% LTV - deposit 1 BTC, borrow $25k in debt. No liquidations, no interest, no expiry. Lending is now 9 months old and has almost 1000 users. Now let's talk about how TC benefits from this.
What's going to happen now? 1) Next network upgrade will burn 60m RUNE 2) Mimir will drop maxCR down to 200% This will mean: 1) Over $100m of new loans to the system 2) Unbeatable loan terms TC is now positioned to be the lead for decentralised L1 lending
THORChain Burns 64.9M RUNE, Reducing Max Supply to 360M
**THORChain executed its largest token burn to date**, removing approximately 64.9M $RUNE from circulation through ADR023. **Key Details:** - Total supply reduced from 500M to just above 360M $RUNE - Burn funded by system income from protocol operations - Expected to reach exactly 360M within one month - Nodes will then vote to update MAXRUNESUPPLY Mimir setting from 500M to 360M **What This Means:** Once the supply stabilizes at 360M, the maximum supply cap will be permanently adjusted to match the total supply. Analytics platforms currently showing 500M will update to reflect the new 360M cap. This represents a **28% reduction** in maximum token supply, aligning THORChain's tokenomics with actual circulating amounts.
THORChain Burns 64M RUNE, Monero Wallets Confirm Day-One Support
**THORChain v3.17 Goes Live with Major Supply Burn** THORChain shipped v3.17 this week, executing ADR 023 which burned 64.4M $RUNE from the Protocol Reserve. This brings circulating supply just above 360M tokens. The Reserve was already non-circulating, so there's no price impact—but the cleaner supply picture makes $RUNE easier to understand for newcomers. **Monero Launch Gains Wallet Support** At the THORChain side event during Bitcoin Vegas, Cake Wallet and Edge Wallet both confirmed they'll support $XMR from day one. These two wallets cover an estimated 90% of $XMR holdings—the strongest wallet readiness for any chain launch since Terra, according to Chad. **Key Ecosystem Launches** - **THORWallet** launched a non-custodial Mastercard with Unblock Payments. Swiss-regulated, stablecoin-powered, available in 175+ countries. - **Unstoppable** released a Telegram swap bot for $XMR, $BTC, and $ZEC. Cross-chain, no wallet connection, no logs. - **THORSwap** added $XAU (Tether Gold) for native gold exposure across chains. - **Rujira Network** raised the bRUNE cap to 3 million after the previous 2 million cap filled in 48 hours. - **SwapKit** integrated NUFI wallet, bringing THORChain liquidity to NUFI users for $BTC, $ETH, $SOL, and more. The protocol continues shipping infrastructure while preparing for Monero integration.
THORChain Q1 2026 Report: $2.8B Volume, Solana Integration, and Multi-Chain Expansion
THORChain released its Q1 2026 quarterly report, showcasing significant growth and technical progress across the protocol. **Key Highlights:** - **$2.8B in trading volume** processed during the quarter - **Solana integration** now live, expanding cross-chain capabilities - **New chain support** added for Polygon, Cardano, and Monero **Major UX Improvements:** - Memoless transactions simplify the swap process - Rapid swaps reduce transaction times - Native API launched for developers **Infrastructure Updates:** - Enhanced capital efficiency through tokenomics adjustments - Liquidity upgrades improve pool performance - Protocol v3.17.0 shipped with 100+ improvements The report demonstrates THORChain's continued expansion as a cross-chain liquidity protocol, now supporting a broader range of blockchain networks while refining the user experience. [Read the full Q1 2026 report](https://blog.thorchain.org/thorchain-quarterly-report-q1-2026/)
Why Bridge Hacks Keep Happening and How Atomic Swaps Solve It
**Bridges don't actually move your assets** - they lock them in vaults and issue wrapped tokens as IOUs. When you bridge ETH to Solana, your real ETH sits locked while you receive a synthetic token representing a promise to unlock it later. **This architecture creates a critical vulnerability**: the system must maintain perfect synchronization between locked assets and minted synthetics. Major exploits include: - Wormhole: $320M lost - Ronin: $600M lost - Nomad: $190M lost **THORChain uses a different approach** with atomic swaps. When swapping ETH for SOL, your Ethereum enters a threshold-signature vault while native Solana from a separate vault goes to your address. No wrapped tokens exist. **Key differences**: - Bridge hack → your wrapped tokens become worthless - Atomic swap → transaction either completes or refunds, no synthetic tokens at risk **The tradeoff**: Native swaps are slower and more expensive than bridges, but eliminate the failure mode where users discover their wrapped tokens have no backing. With atomic swaps, you never hold someone else's promise.
THORChain Reports $4B Swap Volume in Q4, Plans Solana and ZCash Integration
THORChain released its Q4 2025 ecosystem report showing significant activity across its decentralized liquidity protocol. **Key Metrics:** - $4.02B in swap volume - 108,000 unique swappers - 1.22M total trades - $5.02M collected in swap fees - Beta launch of swap.thorchain.org **2026 Roadmap Highlights:** - Solana integration - ZCash support - Rapid Swaps feature The numbers represent a slight decrease from Q3's $4.5B volume and 1.8M swaps, though the platform maintained strong user engagement with over 100,000 active swappers. [Read the full report](https://blog.thorchain.org/thorchain-q4-2025-ecosystem-report-2026-roadmap/)