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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.
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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
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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
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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:
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Join tomorrow for THORChain Spaces #117 - Community is welcome to join for live Q&A
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