Thorchain

The Thorchain community has witnessed a record-breaking $4.3m swap, with expectations of soon reaching $10m swaps and potentially even $100m swaps in the near future.

Thorchain protocol has over $283m total value locked across 9 blockchains, enabling native coin trading including $BTC and $AVAX. $AVAX locked in Thorchain contracts has surged by 818% since October, enhancing liquidity and utility of $BTC and $AVAX. Follow @frostymetrics for data insights on #Avalanche.

Thorchain has announced that its Initial DEX Offering (IDO) is now live on Bybit Official and Ape Terminal. Users can sign up for the IDO raffle on Ape Terminal until February 7th at 7am UTC. There are 600 tickets available, with a $250 allocation each. Ape Terminal has introduced a new, verifiable on-chain raffle.

Swap on @CryptoRubic via @symbiosis_fi (powered by THORChain) and save hundreds/thousands vs the leading centralized swap provider.

BTC loans have reached maximum capacity while ETH loans are still being issued at approximately 400% collateralization ratio (CR). The community will soon need to decide whether to scale lending further as ETH loans approach maximum capacity. Currently, $17 million worth of RUNE has been purchased and burnt. A proposed update (ADR-012) suggests onboarding an additional $100 million in collateral at a 200% CR, resulting in a $50 million buy/burn of RUNE.

As of now, BTC loans are maxed out, while ETH loans are still being issued at approximately 400% collateralization ratio. However, ETH loans will soon reach their limit, and the community will need to decide whether to scale lending further. Currently, $17m in RUNE has been bought and burnt. A proposal suggests onboarding an additional $100m in collateral at a 200% collateralization ratio, resulting in a $50m buy/burn of RUNE.

The Thorchain community has proposed to activate the Standby Reserve by burning $300m in RUNE. This will enable the onboarding of $100m in Collateral, including a $50m market-buy on RUNE.

Thorchain reveals plans for the upcoming year, including the addition of Solana $SOL, memoless swaps, limit orders with trade assets, and the possibility of introducing perpetual swaps.

THORChain has reminded users that they can review all of the platform's assets at any time. Additionally, they announced that Solana $SOL will be added to the platform soon.

The BNBCHAIN team has announced the retirement of the Beacon Chain and the removal of Beacon Chain and BEP-2 assets from the network. LPs are advised to remove their liquidity or Savers positions before February 29th, 2024. Funds will be forcibly removed and returned. Corresponding pools will be whitelisted on BNB Smart Chain, providing LPs with the opportunity to re-add liquidity on the BSC network.