Thorchain

Thorchain community expresses unity and collaboration in building the future of decentralized liquidity.

Thorchain is now enabling large frequent traders to complete layer1 cross-chain settled swaps in seconds. Traders who have accumulated fees paid to an address will have an on-chain reputation called 'clout,' allowing them to bypass outbound throttles. This will result in faster and more competitive arbitrage opportunities and better price execution for swappers.

Thorchain announces that Taproot support will be added during the next hard fork, as it cannot be included in a regular thornode update.

Thorchain community announces a massive upgrade to the BTC client for improved stability and reliability. The upgrade has been tested in the wild and is now scheduled for wider release.

The Thorchain community is engaging in significant swaps.

The top affiliate wallet on TC has earned $1m in the last month, with the last 7 days on track to reach $1.5m a month. TC is encouraging users with crypto to reach out and get started on swaps to start earning. Integrating TC is as simple as building a swap screen and querying TC Quotes API for memo/address/amount. The affiliate collector module collects fees from each swap and accumulates in RUNE, which is then swapped and sent to the affiliate once it reaches 100x the outbound fee for the desired chain.asset.

Thorchain has introduced a fee-regime with a minimum fee of 5BP, allowing users to pay more if they are impatient. This fee-regime helps to counteract sandwich attacks and encourages wallets to compete with each other rather than with Thorchain. Users have shown willingness to pay up to 70BP on large swaps.

THORChain is providing infrastructure for wallet-based Layer 1 (L1) swaps, attracting users and generating income. A transaction worth $7.1k has been processed.

As of 2024, major wallets can now offer trading routes without requiring registration or KYC. Additionally, users can earn sustainable income through affiliate fees. Reach out to get started.

A proposal for RUNEVault 2.0 has been made to allow RUNE Vaulters to underwrite Savers in a separate cohort, offering them a higher yield bracket. This will help derisk the Thorchain protocol and benefit all holders.