Thorchain

THORChain, a decentralized layer-1 liquidity protocol, is celebrating its third anniversary of mainnet launch. In related news, CakeWallet has added support for THORChain swaps, allowing users to swap, earn, and borrow cryptocurrencies like Bitcoin, Ethereum, BinanceCoin, and Cosmos assets through the protocol. THORChain provides infrastructure for top wallets and exchanges, enabling decentralized liquidity across multiple blockchain networks.

THORChain, a decentralized layer-one liquidity protocol, has announced that a new app for the Ledger hardware wallet is currently in development. The protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies like Bitcoin, Ethereum, and Binance Coin, provides infrastructure for top wallets and exchanges. THORChain publishes quarterly reports and important announcements on Medium, and users are encouraged to subscribe to their channels and enable email notifications to stay updated.

A new decentralized protocol called TC has been unveiled, enabling the transfer of value across different blockchain networks. For the first time, users can move a unit of value from one address on one chain to a different unit of value on a different address and chain. This cross-chain interoperability represents a significant advancement in the field of decentralized finance (DeFi) and could have far-reaching implications for the industry.

The Protocol Owned Liquidity (PoL) on Thorchain has now demonstrated profitability, accumulating RUNE tokens through its liquidity provision across all allowed pools. The key change was PoL becoming 'sticky', allowing it to remain deployed for longer periods. By diversifying across multiple pools, PoL earns the aggregate Liquidity APY of 21%, mitigating impermanent loss risk. Over time, the yield earned outweighs impermanent losses, leading to profitability.

TC, a decentralized layer-1 liquidity protocol, has reported its Q1 2024 revenue figures. The protocol earned $14.84 million in block rewards, $8.09 million in liquidity fees, and $4.9 million in affiliate earnings. Notably, TC's revenue from fees (liquidity and affiliate) nearly equaled its block rewards. The protocol outperformed the interfaces built on top of it, earning almost twice as much revenue.

On April 10th, 2024, the decentralized THORChain network detected a large, unusual transaction at 12:03. Within 4 minutes, at 12:07, one of the 102 active nodes initiated an automatic pause of the network as a security precaution. The community then conducted due diligence and the network was unpaused at 12:23, resuming normal operations within 20 minutes of the initial pause. This incident demonstrated the network's ability to rapidly respond to potential threats in a decentralized manner, with each node having the capability to pause the entire chain for 60 minutes to trap any attackers and their funds. The swift action was facilitated by security tools implemented following the Chaosnet Events in 2021.

A decentralized layer 1 liquidity protocol has announced a standing $50k bounty for any community member who is first to identify a suspicious transaction and request a node to initiate a protocol pause. The protocol acknowledges the complexity of the system and the potential for unforeseen edge cases, positioning the community as a crucial line of defense. False positives will not be paid but will also not attract criticism, as the protocol encourages a 'halt early, halt often' approach to mitigate risks.

THORChain, a decentralized cross-chain liquidity protocol, has reported record swap volume exceeding $20 billion since the start of 2024, with over half of this volume generated in the last month alone. The platform has also witnessed a significant increase in lending activity, with collateral deposits of Bitcoin and Ethereum surging in recent weeks. THORChain's lending module allows users to borrow against their cryptocurrency holdings without interest or expiration, providing a unique opportunity in the DeFi landscape. As the protocol continues to gain traction, industry observers anticipate further growth in THORChain's swap volume and lending activity in the coming months.

THORChain, a decentralized layer-1 liquidity protocol, has released its March 2024 report. Key updates include raising the Standby Reserve burn and Lending Cap, reducing transaction delays by adjusting Confirmation Counting and Outbound Delay parameters, initiating the BEP2 Ragnarok, and implementing trading pauses. These changes aim to enhance the protocol's efficiency, security, and overall user experience.

THORChain, a decentralized layer-1 liquidity protocol, has announced that its swaps are now being tracked on Etherscan. This integration allows users to view and monitor THORChain transactions on the popular Ethereum blockchain explorer. THORChain facilitates swaps, earning, and borrowing across various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos. It serves as an infrastructure for top wallets and exchanges, providing liquidity solutions in a decentralized manner.