Background

Thorchain

Decentralised L1 Liquidity Protocol. Swap, Earn, & Borrow - BTC, ETH, BNB, Cosmos & more. Infrastructure for top wallets & exchanges.

Integrationstwitter

Coinbase Introduces Perpetual Futures for Fantom and THORChain

Mon 25th Mar 2024
Coinbase Institutional Exchange has announced the listing of perpetual futures contracts for Fantom (FTM) and THORChain (RUNE) tokens. These are the first perpetual futures offered by Coinbase for assets that do not have spot markets on the main Coinbase exchange. The new listings come ahead of the 'Sonic Season' for THORChain, a decentralized liquidity protocol facilitating swaps, earning, and borrowing across multiple blockchain networks.

Network Flags to be Unpaused and Re-enabled for Swaps

Thu 21st Mar 2024
In an upcoming development, network flags that were previously paused will be unpaused and re-enabled for swaps on a decentralized layer 1 liquidity protocol. This protocol facilitates swapping, earning, and borrowing of various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, among others. It serves as an infrastructure for top wallets and exchanges.

THORChain Protocol Version Update

Thu 21st Mar 2024
THORChain, a decentralized layer-1 liquidity protocol, has announced an update to its protocol version. The active protocol version has been upgraded from 1.129.0 to 1.130.0, with all 102 active nodes now running the new version 1.130.0. THORChain enables users to swap, earn, and borrow various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, among others. It serves as an infrastructure for top wallets and exchanges.

THORChain Operational Update

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, recently experienced a temporary pause in certain on-chain features like MsgSend and MsgDeposit due to a feature flag mechanism. This mechanism allows the protocol to address potential issues by turning specific features on or off. In this case, L1 swaps were paused to prevent degraded arbitrage opportunities from streaming swaps. However, swaps themselves were not affected. THORChain's core features have these flags to address any issues that may arise. The chain remains fully operational and is about to undergo an upgrade.

THORChain Swiftly Addresses Vulnerability and Resumes Trading

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, reported a vulnerability and halted trading operations. Within two hours, a patch was released to address the issue. Four hours later, 80% of the network's nodes had successfully updated to the latest patch, allowing trading to resume. The THORChain community demonstrated resilience and efficiency in responding to the incident.

Security Disclosure and Patch for Trade Accounts Feature

Thu 21st Mar 2024
A security vulnerability was discovered in a new Trade Accounts feature that could have been exploited by depositing multiple coins into the protocol. The development team has addressed this issue by invalidating such transactions. A patch is being prepared and will be released shortly, allowing nodes to update. As a precautionary measure, the protocol has a pause flag for various transaction types, including deposits, swaps, savings, and lending, which can be triggered by any node or Mimir for safety.
Community article

THORChain Halts Operations Due to Security Disclosure

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, has temporarily halted its operations following a security disclosure. The protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies like Bitcoin, Ethereum, and Binance Coin, took this precautionary measure to address the reported security issue. THORChain acknowledged the effectiveness of its bug bounty system in identifying the vulnerability. Further details regarding the nature of the security disclosure and the timeline for resuming operations are yet to be provided.
Community article

THORChain Announces Winner of Swap Count Competition

Thu 21st Mar 2024
THORChain, a decentralized layer 1 liquidity protocol, has announced the winner of its 15-day intense swap count competition. After a drumroll, the undisputed champion was revealed to be CacaoSwap, a platform dealing with various cryptocurrencies including YUM, CACAO, MAYA, KUJI, and ETH. THORChain provides infrastructure for top wallets and exchanges, enabling users to swap, earn, and borrow cryptocurrencies like BTC, ETH, BNB, and Cosmos.
Community article

THORChain Lending Caps Approaching Limit

Thu 21st Mar 2024
THORChain, a decentralized liquidity protocol, has reported that nearly two weeks after raising its lending caps, over 50% of the new limits have already been utilized. At the current rate, the caps are expected to be reached within a month. This rapid adoption suggests strong market demand for THORChain's lending services. Once the caps are hit, the team plans to pause, analyze the feature's performance, and engage the community in discussions about whether to further raise the limits or validate the feature over an extended period.

Thorchain Community Discusses Trading Strategy

Thu 21st Mar 2024
Members of the Thorchain community, a decentralized liquidity protocol for cryptocurrencies, are discussing a strategy involving shorting the RUNE token while providing liquidity as a Layer 1 participant. The proposed approach aims to mitigate impermanent loss during market downturns by offsetting potential losses from liquidity provision with gains from shorting RUNE. Community members, referred to as 'Thorchads,' are encouraged to explore this strategy.
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