THORChain
Verified Creator
Decentralised L1 Liquidity Protocol ⚡️Swap, Earn, & Borrow - BTC, ETH, BNB, Cosmos & more ⚡️Infrastructure for top wallets & exchanges.
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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.
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
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
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
Nodes have full control over all network parameters
Some notable swaps from today. Cross-chain swaps are alive and well.
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.
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 🔒⚡️
✅ 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)
🗣️ 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.
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