Background

Thorchain

Decentralised L1 Liquidity Protocol. Swap, Earn, & Borrow - BTC, ETH, BNB, Cosmos & more. Infrastructure for top wallets & exchanges.

Integrationstwitter

THORChain v3.5.0 Introduces Major Bifrost Refactor and TCY Token

Thu 1st May 2025
THORChain's v3.5.0 update, scheduled for May 1st at 3PM UTC, brings significant protocol improvements: - **Bifrost Refactor**: New peer-to-peer system for validator observations, targeting 2-second block times - **Security Enhancement**: Improved outbound transaction timing logic - **TCY Token Launch**: 210 million tokens to be minted, going live May 5th - **DEX Aggregator Update**: Added support for 6 new Base tokens and UniswapV3 integration Note: Rujira Network launch postponed to v3.6.0 due to LP deposit accounting issue. [TCY Details](https://x.com/THORChain/status/1915816355418542433)
Community article

THORChain v3.3 Successfully Deployed

Mon 17th Mar 2025
THORChain has completed the rollout of version 3.3 of its protocol, marking a significant milestone in the platform's development. - The update was successfully implemented on March 14, 2025 - THORChain continues to serve as a decentralized liquidity protocol enabling cross-chain swaps - Users can access the updated platform at [THORChain Network](https://thorchain.network) The v3.3 deployment represents the latest enhancement to THORChain's infrastructure for cross-chain asset exchange and liquidity provision.

Nine Realms Delivers Q3 2024 Recap and THORChain Roadmap

Thu 3rd Oct 2024
Nine Realms Capital provided an overview of THORChain's Q3 2024 development progress and outlined future plans: - Highlighted key achievements from the third quarter - Presented upcoming milestones and objectives - Discussed potential improvements to the THORChain protocol - Addressed community feedback and concerns The recap offers insights into THORChain's growth and evolution as a decentralized liquidity protocol. Stakeholders can expect continued focus on enhancing cross-chain capabilities, improving user experience, and expanding ecosystem partnerships. For more details on specific developments and timelines, refer to the full report.

Yield Generation in DeFi: Providing Innovative Products

Thu 3rd Oct 2024
In the world of decentralized finance (DeFi), the question of yield generation remains a hot topic. This article explores how providing genuinely useful and innovative products can be a sustainable source of yield. Key points: - Yield in DeFi often comes from creating value through innovative solutions - Sustainable yield is tied to real utility and user demand - Examples of value-generating products in DeFi: 1. Efficient liquidity protocols 2. Cross-chain bridges 3. Decentralized lending platforms The article emphasizes that long-term success in DeFi relies on developing products that solve real problems and meet market needs, rather than unsustainable yield farming schemes. **Call to Action**: Explore DeFi projects focusing on genuine innovation and utility to find sustainable yield opportunities.

THORChain's App Layer: The Next Major Network Upgrade

Thu 3rd Oct 2024
THORChain is set to introduce its App Layer, a significant upgrade to the network. This new layer will bring several advanced features to the platform: - **Lending**: Expanding financial capabilities - **Orderbooks**: Enhancing trading infrastructure - **Perps**: Introducing perpetual contracts These additions aim to diversify THORChain's offerings and strengthen its position in the decentralized finance ecosystem. The upgrade is expected to provide users with more sophisticated trading and financial tools, potentially attracting a wider user base. While specific launch dates are not mentioned, the repeated announcements suggest that development is progressing steadily.

The Growing Demand for Native Bitcoin Liquidity

Thu 3rd Oct 2024
The cryptocurrency market is witnessing a surge in demand for native Bitcoin liquidity. This trend highlights: - Increased interest in direct Bitcoin transactions - Growing need for efficient, low-cost BTC trading options - Potential shift in market dynamics favoring decentralized solutions Key implications: 1. Exchanges and wallets may need to adapt their offerings 2. Possible emergence of new Bitcoin-focused liquidity protocols 3. Heightened focus on Bitcoin's role in the broader crypto ecosystem *This development could significantly impact the future of cryptocurrency trading and investment strategies.*

THORChain Q3 2024 Overview

Mon 30th Sep 2024
**THORChain's Q3 2024 Overview** has been released by @reflexivityres, providing insights into the decentralized liquidity protocol's performance and developments. Key points: - Analysis of THORChain's recent achievements - Overview of network metrics and growth - Discussion on new features and upgrades - Examination of market trends and their impact This report follows the Q1 overview published earlier, offering a comprehensive look at THORChain's progress throughout the year. For those interested in decentralized finance and cross-chain liquidity, this overview provides valuable information on THORChain's role in the ecosystem.

THORChain Brings DeFi to Bitcoin, Challenging Traditional DEXs

Thu 26th Sep 2024
THORChain is making waves in the cryptocurrency world by bringing decentralized finance (DeFi) capabilities to Bitcoin. This move is set to challenge existing decentralized exchanges (DEXs) that don't support native BTC transactions. Key points: - THORChain enables DeFi functionality for Bitcoin - DEXs without native BTC support may face difficulties - Cross-chain functionality is becoming increasingly important Despite ongoing discussions about a Bitcoin DeFi renaissance, awareness of THORChain's capabilities remains relatively low among Bitcoin enthusiasts. However, this is expected to change rapidly as more users recognize THORChain's advanced position in bringing DeFi to native BTC. **The future of DeFi appears to be cross-chain**, with THORChain leading the charge in Bitcoin integration.

THORChain's Continuous Network Evolution

Thu 26th Sep 2024
THORChain maintains its decentralized and capture-resistant nature through a regular 3-day cycle: - **Validator Rotation**: New validators join while underperforming ones are removed. - **Vault Renewal**: Fresh vaults are established. - **Fund Migration**: 100% of assets are transferred to new addresses. This process ensures: 1. Network dynamism 2. Fair participation 3. Enhanced security By consistently refreshing its infrastructure, THORChain safeguards against centralization and potential vulnerabilities, upholding its commitment to a robust, decentralized liquidity network.

THORChain Implements RUNE Burning Mechanism

Thu 26th Sep 2024
THORChain has implemented a significant protocol change: - **RUNE tokens are now burned with every swap** - This decision was made by node operators and implemented by developers - The change follows a previous vote to burn 60,000,000 RUNE - Burned RUNE becomes collateral buffer, enabling $100m+ more collateral - This allows for $100m of BTC and ETH loans at 200% Collateralization Ratio This update marks a major step in THORChain's evolution, potentially impacting token economics and protocol stability. Users and investors should monitor how this affects liquidity and trading dynamics on the platform.
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