Thorchain

Thorchain announced that lending fees are currently high due to high demand. Users are advised to wait until fees cool off to around 10bps.

The Thorchain community has pointed out that CosmosSDK's use of doxxed delegated PoS without churning may lead to centralization. They suggest implementing churning, non-doxxed delegators, and bond limits similar to Thorchain's implementation. Thorchain has a higher halt-threshold, set at around 35 nodes according to academic analysis.

A news update on February 20, 2024, mentioned a continuous flow of loan openings within the Thorchain community, with an amount of $100 million being targeted. The community is eager to engage in this opportunity with the cryptocurrency $RUNE.

Thorchain community discusses the upcoming maxCR increase to 200% with a loan-to-value ratio of 50%, anticipating that loan caps will be quickly reached. Additionally, the 60 million BURN is scheduled to take place within the next 2 weeks, sparking a debate on which event will occur first.

THORChain has achieved nearly $1 billion in volume, ranking it as the 5th chain with the highest volume in the last 7 days. Other projects like Maya Protocol are also performing strongly. $RUNE $CACAO

THORChain announced that free leverage on BTC and ETH will be available again, allowing users to increase their positions without paying interest fees or facing liquidation. A looped ETH position is currently showing an additional 44% gain compared to holding spot.

THORChain aims to build a decentralized bank powered by liquidity, the core yield engine. The project envisions mimicking traditional banking services like deposit accounts, cheque accounts, and credit accounts. $RUNE

ADR12, a proposal in the Thorchain community, has garnered strong support. The proposal includes burning 60 million RUNE, allowing lending collateral to scale up to around 25 million RUNE, and providing collateral to TC for monetization.

Currently, there are 103 THORNodes participating in a vote to decide whether to burn 60m $RUNE tokens, valued at over $300m, and lower lending collateralisation ratios to 200%. The current vote tally stands at 32% in favor. Community members are encouraged to join the discussion on Discord.

Thorchain community announced the retirement of the BNB Beacon Chain. Users are advised to withdraw their assets before the end of the month. This change does not affect BSC LPs.