THORChain

Get the details on the THORFi Unwind and the next steps.

Read the full article here:

https://medium.com/thorchain/thorfi-unwind-96b46dff72c0

Join spaces on Thursday for an update on TCY / THORFi recovery & App Layer

THORFi Update

The v3.4 release includes TCY & LP control mimirs to help DLPs benefit from synth reflexivity.

What does this mean for THORFi users?
- TCY implementation is being finalized
- Testing after v3.4 lands on stagenet (~2 wks)
- TCY claim & staking UIs in progress

Just in time for tax season

@CryptoTaxHQ now supports THORChain

Join tomorrow for a space to discuss developments relating to TCY with @AaluxxMyth @KentonC137 & @Orion_9R

THORChain nodes voted to remove block rewards 🔥

From 25,000 $RUNE per day emitted from the Reserve down to 2 per day, eliminating inflation completely

100% of income is now from swap fees, with a deflationary burn of 5% system income

Admin Mimir has been removed from the network with today's update

Nodes have full control over all network parameters

Some notable swaps from today. Cross-chain swaps are alive and well.

The team's main priority is communicating the implementation and timeline for THORFi's unwind.

Once that lands, team's focus returns to base layer (SOL, XRP, ADA in the near term), supporting the $RUJI merge via AppLayer, and beginning the rollout of its first apps.

Community members have expressed concern about the "mimir" key to pause functionality on THORChain.

This capability is being permanently retired as of v3.2.0, to be released on Monday. After, only a quorum of node operators will be able to effect any parameters of the system.

The new THORChain @Ledger App is finally here!
✅ Developer mode not needed
✅ Sends and deposit txs supported
✅ Flex/Stax Device support

Happy self custody 🔒⚡️

Thorchain, Rujira and Vultisig AI Infra Roundtable #1

Tune in to our first AI Infra Roundtable livestream tomorrow!

🗣️ Speakers:
- @Eridanus9R (from @ninerealms_cap)
- @codehans1 (Lead Dev of @RujiraNetwork)
- @0xdef1cafe (Tech Lead of @vultisig)

Our bread and butter: decentralized, cross-chain swaps. The network is humming along serving swaps to some of the largest wallets in the space.

Node operators enacted a 90-day pause on THORFi Lending and Savers redemptions to protect the network's core functionality.

This ensures that swaps, LP actions, and RUNE transfers remain fully operational, with the network continuing to process significant swap volume

In the last 24 hours, the THORChain network processed an impressive $320M in swap volume, a testament to its resilience and utility

Despite the FUD, THORChain remains fully operational—swaps, LP deposits, withdrawals, and RUNE transfers are running smoothly

Built to endure 🚀

Week 2 of @base on THORChain:

🔵 First interfaces are live: @THORSwap, @ShapeShift @GemWalletApp @asgardex @eldorito_club @OneKeyHQ
🔵 $1.2m in liquidity across ETH, USDC, & cbBTC
🔵 Volume steadily increasing as new interfaces go live and users start swapping

Base.cbBTC pool is staged & awaiting liquidity from the community

Pool will become active after the depth is >10k RUNE

Let's get BTC <> cbBTC party started!

Squeezing in next to Base, don't mind us

Join Wednesday for THORChain Spaces #109 with @Pluto9r @familiarcow