Thorchain

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.

In the Q4 '23 Ecosystem Report, Thorchain processed $12.62b in swap volume. The early '24 roadmap priorities include memoless transactions, batched outbounds, trade accounts, orderbooks, and more.

Symbiosis_Fi has become the newest aggregator to integrate with THORChain, allowing users and partners to access Bitcoin liquidity and swap across more than 20 networks, ushering in a multichain future.

The Thorchain community (TC) has supported a submission that opposes a proposed ruling which would have negatively affected legitimate user transactions. TC, a decentralized platform, believes that swapping between public decentralized ledgers should not be treated as mixing or obfuscation. The submission, written by the @LeXpunK_Army team, was highly praised by the community.

The swapper clout has been activated and there has been an immediate drop in outbound delays. The THORChads continue to work towards improving the network.