Thorchain

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.

SwapKit, the backend infrastructure for THORSwap, a decentralized liquidity protocol facilitating swaps, earning, and borrowing across multiple blockchains including Bitcoin, Ethereum, BNB, and Cosmos, is currently hiring developers. The company is seeking talent interested in disrupting the centralized exchange (CEX) space.

THORChain, a decentralized layer-1 liquidity protocol, has achieved a 3.4% share of the total decentralized exchange (DEX) volume as of May 2, 2024. This represents a substantial increase of over 10 times compared to the previous year, indicating significant growth and adoption of the protocol.

THORChain, a decentralized liquidity protocol, has announced the upcoming addition of a new Wrapped SOL pool on the Avalanche network. This move allows users to swap, earn, and borrow SOL tokens on THORChain's cross-chain platform. To launch a new pool, a minimum contribution of 10,000 RUNE tokens is required from the community.

XDEFI, a decentralized liquidity protocol, has announced an upgrade to its swap functionality powered by SwapKit. This integration aims to provide users with access to a wider range of long-tail assets and improved DEX aggregation capabilities, while maintaining the simple swap experience within the self-custody wallet extension. The update promises to enhance the overall user experience and expand the trading options available on the platform.

On April 26th, 2024, THORChain facilitated the largest swap to date, unwrapping 114 WBTC (Wrapped Bitcoin) to native Bitcoin. Remarkably, the streaming swap execution achieved a price within 5 basis points, despite the pool depth being only 86 WBTC, smaller than the swap itself. This demonstrates the efficiency and liquidity provided by THORChain's decentralized liquidity protocol.

Trust Wallet, a popular cryptocurrency wallet, has introduced a new feature that allows users to exchange Bitcoin directly from their self-custodied wallets without requiring permission from any third party. This development aligns with the core principles of Bitcoin, enabling truly decentralized and permissionless transactions.

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.