Thorchain

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.

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.