Thorchain

The Thorchain community has successfully staged a $LINK pool, which allows anyone to create an ERC-20 pool. Trading will be activated automatically once 10k+ $RUNE (equivalent to $LINK) has been added. Liquidity providers can now start adding funds to the pool.

THORChain's unique design principles, including a capped number of validators, slot-based rewards, separate bond provision role, and freedom for node operators to set fees, are being acknowledged in V's updated ETH PoS proposal. This validation is significant for THORChain, which has had these design considerations for the past four years. The proposal recognizes that more validators do not necessarily translate to more decentralization. It also addresses the issue of one large player achieving economies of scale and capturing the network. THORChain's network design, built from first principles, is now being observed in other projects like Maya Protocol and Chainflip.

Starting from 2023-12-30, users can swap on Thorchain (TC) without the need for a VPN, account, or registration. As long as users can make a layer-1 transaction, they can easily perform swaps on TC.

In 2023, Thorchain expects a big year with several factors such as the BTC Halving, BTC ETFs, and cooling interest rates. Thorchain is ready with its native unwrapped currency to support these developments.

The developers of Thorchain are currently working on building support for Monero. Once the development is complete, Monero will be added to Thorchain's list of supported cryptocurrencies.

The delisting of BUSD from Thorchain's DEX is expected to create interesting activity in the pool as it becomes the only platform to support BUSD in 2024.

A new era has begun in the world of blockchain with the rise of decentralised cross-chain liquidity. Multiple chains will now be connected and aggregated outside of centralized exchanges. This development is supported by various projects such as Maya Protocol, Chainflip, and SeraiDEX.

The Thorchain (TC) development team has clarified the status of XMR swaps. Despite spending a significant amount of time building libraries and conducting testnet swaps using monero multisig, the team has faced numerous issues that prevent a release to production. As a result, TC developers have decided to re-write the XMR swaps using native TSS with CN integration. TC has expressed support for @SeraiDEX and may consider the aggregation route if sufficient liquidity is established. The community addresses claims regarding default privacy concerns, dismissing them as unfounded.

THORChad, a member of the Thorchain community, patiently waits for 9 hours to swap at a rate of 4BPS, saving $3701 per hour. He does this at 9pm and wakes up at 6am, effectively making money while he sleeps. He plans to hold onto his new stack of ETH. On the other hand, SoyBoy impulsively swaps on a centralized exchange (CEX) at 1am, influenced by cryptocurrency (CT) influencers. He quickly swaps his ETH for memecoins on the Binance Smart Chain (BSC).

Asset managers are anticipating the rise of BTC and ETH as trillion dollar assets in 2024. Thorchain (TC) is preparing to facilitate cheaper, faster, and less risky swaps between these assets, with the ability to deliver $100 million swaps at 5 basis points.