THORChain
Verified Creator
Decentralised L1 Liquidity Protocol ⚡️Swap, Earn, & Borrow - BTC, ETH, BNB, Cosmos & more ⚡️Infrastructure for top wallets & exchanges.
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💡Community Spotlight #3: DASHBOARD ALCHEMIST
We're back again in our ongoing series where we shine a light on the people who help empower THORChain
⚡️We're constantly reaching out to interview standout contributors and our 3rd guest is Data Wizard and THORChain Veteran @rykcrypt
Let's throw this Chad some love because it's well-deserved and he takes the time to provide us all with great insights.
Here's what we can all learn from his journey.
We're back again in our ongoing series where we shine a light on the people who help empower THORChain
⚡️We're constantly reaching out to interview standout contributors and our 3rd guest is Data Wizard and THORChain Veteran @rykcrypt
Let's throw this Chad some love because it's well-deserved and he takes the time to provide us all with great insights.
Here's what we can all learn from his journey.
🚨V3.6.0 - That Means It’s Rujira Time
This upgrade is all about #Rujira and is finally happening on May 22nd 2025
Why now?
Because builders can’t be held back any longer. It's time to BUILD. SHIP. SCALE.
❗️Remember that this is just the start, and RUJIRA won't be live instantly as it's rolling out steadily and progressively.
The @RujiraNetwork team and their community have been waiting excitedly for the App Layer, and Chads are ready to start using #RUJITrade along with the rest of the product suite.
Here's what you need to know.
This upgrade is all about #Rujira and is finally happening on May 22nd 2025
Why now?
Because builders can’t be held back any longer. It's time to BUILD. SHIP. SCALE.
❗️Remember that this is just the start, and RUJIRA won't be live instantly as it's rolling out steadily and progressively.
The @RujiraNetwork team and their community have been waiting excitedly for the App Layer, and Chads are ready to start using #RUJITrade along with the rest of the product suite.
Here's what you need to know.
PROTOCOL SPOTLIGHT: @Ctrl_Wallet - The Upgrade of a Cross-Chain OG
If you’ve been around the block(chain), you’ve surely used XDEFI - one of the first real cross-chain wallets. Totally battle-tested and community-loved.
Now? It’s CTRL Wallet. A new name with a new vision.
❗️Just dropped: CTRL’s founder @goitbykojiro announced a long-term services agreement to fuel their next phase of growth.
So it’s a great time to put the spotlight on CTRL.
This isn’t just a rebrand, Chads, so let’s break it down for you.
If you’ve been around the block(chain), you’ve surely used XDEFI - one of the first real cross-chain wallets. Totally battle-tested and community-loved.
Now? It’s CTRL Wallet. A new name with a new vision.
❗️Just dropped: CTRL’s founder @goitbykojiro announced a long-term services agreement to fuel their next phase of growth.
So it’s a great time to put the spotlight on CTRL.
This isn’t just a rebrand, Chads, so let’s break it down for you.
$XRP integration is almost here ⏳
▫️ Scanning goes live next week once churning resumes
▫️ Vaults and pool bootstrapping likely in the following churn.
Get ready 🔁
▫️ Scanning goes live next week once churning resumes
▫️ Vaults and pool bootstrapping likely in the following churn.
Get ready 🔁
⚡ Ecosystem Recap
Big milestones, fresh integrations, and more utility across the board. 🙌
Let’s dive in ⤵️
Big milestones, fresh integrations, and more utility across the board. 🙌
Let’s dive in ⤵️
THORChain v3.5.0 goes way beyond a version update. It’s a critical structural release that tightens the engine across every layer.
Multiple high-impact PRs have landed simultaneously, including:
⚪️ A full refactor of Bifrost
⚪️ Security hardening in outbound transaction logic
⚪️ Major aggregator upgrades
⚪️ And most notably, the rollout of TCY, a new protocol-native yield token built to realign incentives after the ThorFi shutdown
Let’s break down the most significant changes in v3.5.0 and explain exactly why they matter for protocol operators, liquidity providers, and the next wave of cross-chain integrations…. ✍️
Multiple high-impact PRs have landed simultaneously, including:
⚪️ A full refactor of Bifrost
⚪️ Security hardening in outbound transaction logic
⚪️ Major aggregator upgrades
⚪️ And most notably, the rollout of TCY, a new protocol-native yield token built to realign incentives after the ThorFi shutdown
Let’s break down the most significant changes in v3.5.0 and explain exactly why they matter for protocol operators, liquidity providers, and the next wave of cross-chain integrations…. ✍️
⚡️ $XRP is coming to THORChain - and it’s a bigger win than you think.
On April 11th, XRP went live on THORChain’s stagenet.
This milestone integration led by the @strangelovelabs and @ninerealms_cap teams is a gigantic win for our community.
Because this deployment is one of the final phases before full mainnet activation, expected imminently. Its implications extend far beyond technical novelty, so here’s what you need to know.
On April 11th, XRP went live on THORChain’s stagenet.
This milestone integration led by the @strangelovelabs and @ninerealms_cap teams is a gigantic win for our community.
Because this deployment is one of the final phases before full mainnet activation, expected imminently. Its implications extend far beyond technical novelty, so here’s what you need to know.
State of the Network 27/04: THORChain’s Node Network Rebounds Stronger Than Ever
The sunset of ThorFi, the Bybit hack, and a radical shift away from inflationary block rewards could have been a breaking point. For many protocols, it would have been.
But for THORChain?
It became a stress test = one the network passed with resilience and growing conviction.
⚡️Today’s network state shows something simple but very profound:
When incentives shrink and stress hits, true belief steps up from chads!
Now let’s dive into the numbers behind THORChain’s recovery
⚡️Revenue Reset: The Move to Real Yield
A few months ago, THORChain made a cool change-up:
Block rewards (inflationary emissions) were removed.
Node Operators now earn solely from liquidity fees! Now that’s real, protocol-driven activity.
If you’re thinking this is just a payout change = No way!
This is a gigantic shift from “get paid for securing blocks” → to “get paid for growing the ecosystem.”
Real work for real rewards.
Shoutout to chad @rykcrypt !
The sunset of ThorFi, the Bybit hack, and a radical shift away from inflationary block rewards could have been a breaking point. For many protocols, it would have been.
But for THORChain?
It became a stress test = one the network passed with resilience and growing conviction.
⚡️Today’s network state shows something simple but very profound:
When incentives shrink and stress hits, true belief steps up from chads!
Now let’s dive into the numbers behind THORChain’s recovery
⚡️Revenue Reset: The Move to Real Yield
A few months ago, THORChain made a cool change-up:
Block rewards (inflationary emissions) were removed.
Node Operators now earn solely from liquidity fees! Now that’s real, protocol-driven activity.
If you’re thinking this is just a payout change = No way!
This is a gigantic shift from “get paid for securing blocks” → to “get paid for growing the ecosystem.”
Real work for real rewards.
Shoutout to chad @rykcrypt !
From Shutdown to Showtime: How THORFi’s Sunset Gave Birth to TCY, the DeFi Token You need To Know About
What do you do when your protocol hits the brakes, the community panics, and “rug” rumors start flying?
If you're THORChain - you build.
What happened with the THORFi was a moment of reckoning. Lending and Savers features were suddenly frozen when node operators activated a circuit breaker in response to rising protocol risk. It was swift. It was dramatic. And many got worried.
“Is THORChain insolvent?”
“Is this the end?”
“Did I just get rugged?”
But they missed one crucial fact: THORChain is profitable. One of the rare DeFi protocols actually generating real, on-chain revenue. The circuit breaker wasn’t a death blow, it was a lifeline. A high-pressure valve releasing before real damage could occur.
And from that turbulence, something pretty incredible emerged.
What do you do when your protocol hits the brakes, the community panics, and “rug” rumors start flying?
If you're THORChain - you build.
What happened with the THORFi was a moment of reckoning. Lending and Savers features were suddenly frozen when node operators activated a circuit breaker in response to rising protocol risk. It was swift. It was dramatic. And many got worried.
“Is THORChain insolvent?”
“Is this the end?”
“Did I just get rugged?”
But they missed one crucial fact: THORChain is profitable. One of the rare DeFi protocols actually generating real, on-chain revenue. The circuit breaker wasn’t a death blow, it was a lifeline. A high-pressure valve releasing before real damage could occur.
And from that turbulence, something pretty incredible emerged.
Mainnet upgrade to v3.5 is scheduled at block 20940000 estimated at 1 May 2025 at 3pm UTC
TCY is included in this update, but will not be enabled until Monday, May 5th
TCY is included in this update, but will not be enabled until Monday, May 5th
Join tomorrow for a Space with @familiarcow and meet the new CEO of Nine Realms @simonhmorris ⚡️
Covering TCY launch, new chains, roadmap, and Q&A
Covering TCY launch, new chains, roadmap, and Q&A
THORChain 2025 Q1 Report & Q2 Roadmap
Q1 Recap:
⚡️ $19.6b swap volume
⚡️ $14.1m in swap fees collected
⚡️ Addition of @base
⚡️ THORFi Lending & Savers Sunset
⚡️ CosmWasm smart contract support
⚡️ Removal of admin mimir & block rewards
Q2 Roadmap:
⚡️ $TCY claims and THORFi recovery
⚡️ EdDSA support (required for some new chains)
⚡️ New chains (SOL, TRON, TON, XRP, XLM, ADA considered)
⚡️@RujiraNetwork merge & initial app launches - Trade, Pools, Perps
⚡️ EVM Router v5 (enhanced aggregation)
Read the full report on Medium:
Q1 Recap:
⚡️ $19.6b swap volume
⚡️ $14.1m in swap fees collected
⚡️ Addition of @base
⚡️ THORFi Lending & Savers Sunset
⚡️ CosmWasm smart contract support
⚡️ Removal of admin mimir & block rewards
Q2 Roadmap:
⚡️ $TCY claims and THORFi recovery
⚡️ EdDSA support (required for some new chains)
⚡️ New chains (SOL, TRON, TON, XRP, XLM, ADA considered)
⚡️@RujiraNetwork merge & initial app launches - Trade, Pools, Perps
⚡️ EVM Router v5 (enhanced aggregation)
Read the full report on Medium:
Get the details on the THORFi Unwind and the next steps.
Read the full article here:
https://medium.com/thorchain/thorfi-unwind-96b46dff72c0
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
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
@CryptoTaxHQ now supports THORChain
Join tomorrow for a space to discuss developments relating to TCY with @AaluxxMyth @KentonC137 & @Orion_9R
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