Thorchain

The Thorchain community has witnessed a consistent flow of liquidity into TC Savers Vaults since November 18, 2023.

TrustWallet iOS has released their latest version, which now supports Cross-Chain Swaps with BNB Smart Chain.

In the past week, Thorchain saw a trading volume of $1.1 billion across 370,000 swaps by 4,300 traders. The platform also had over $150 million in external assets, including BTC, ETH, and stablecoins. Interfaces on Thorchain earned $125,000, with over 50% of the rewards coming from liquidity fees. Additionally, the platform had over 7,000 Savers with $63 million in deposits. It is worth noting that Thorchain is currently overbonded, with 75% of fees going to LPs and Savers.

Stablecoin Savers, a savings program, has been operating for 3 months. The annual percentage rates (APR) for different stablecoins are: USDT - 24% APR (5% actual), USDC - 15% APR (3.5% actual), and AVAX.USDC - 12% APR (3% actual). The yield consists of 50% fees and 50% rewards, with rewards reducing over time.

THORChain's Savers Vaults have been generating significant yields. The oldest BTC Savers have seen a growth of +3%, while ETH Savers have seen +6% growth, and LTC Savers have seen +8% growth over the course of 12 months.

In order to achieve a decentralized future for liquidity, the widespread distribution of $FLIP is considered just as important as the protocol itself. This emphasizes the significance of $RUNE and $FLIP in the liquidity ecosystem.

THORChain is continuing to absorb L1 capital.

Thorchain's lending platform has experienced significant growth. Several new lending opportunities were opened in the past few hours.

Thorchain now offers a low-risk, low-return option for yield called Savers, and a high-risk, high-return option called Dual/Single LP. LPs insure the deposits of Savers and earn leveraged upside. Pools with high Synth Utilisation experience leverage if RUNE-ASSET performs, outweighing Impermanent Loss. The need for ILP is eliminated, reducing the protocol's long-tail risk. Thorchain aims to derisk as it matures and shift towards risk management.

Since the release of THORChain Mainnet in April 2021, the development team has been busy implementing various features and improvements. These include asymmetric liquidity provision, THORNames, delayed outbound transactions, automatic solvency checker, synthetic assets, ERC20 token whitelists, and more. They have also added support for multiple blockchain networks such as Dogecoin, Terra, Cosmos Hub, and Avalanche, among others. The team has made numerous bug fixes and optimizations along the way.