Thorchain

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.

Thorchain has reached a significant milestone and is here to stay. The platform is expected to improve tenfold in the next cycle, with $10m and eventually $100m swaps. Merry Christmas to the Thorchain community!

THORChads are working on integrating EDDSA with Solana, opening up more options and routes for users in 2024.

Chainflip has successfully launched cross-chain swaps on their Mainnet Beta. This achievement is significant as cross-chain swaps are known to be challenging. The competition between protocols will benefit users, and aggregators should consider routing orders across both protocols for maximum efficiency.

Congratulations to the Phantom team for seizing the opportunity to support Bitcoin. The landscape is evolving rapidly, and those who don't make this pivot will be left behind. Native BTC is the way. Ninerealms_cap is ready to help teams with the transition.

THORChain experienced significant growth in liquidity, users, new features, and integrations in 2023. In 2024, THORChain aims to continue scaling and delivering as the industry's largest native asset settlement backbone for Bitcoin.

ShapeShift introduces lending feature where users can borrow against their Bitcoin or Ether and receive a USD-denominated debt in the asset of their choice. The lending service comes with no liquidation, no interest, and no expiration.

The Thorchain community believes that there are those who will take the easy road by using wrapped Bitcoin and those who will do the work to use native Bitcoin and provide real value to their users. They see this as an opportunity for every decentralized application (dApp) to make a difference.