Complete a swap, enter to win ⚡️
Over 600 chances to win a share of $50k in Bitcoin
Entry Rules:
💙Like & RT
💙Follow
@THORChain
@TrustWallet
💙Swap
#bitcoin
on Trust Wallet
Full details & criteria:
THORChain project roadmap:
* More chains (LUNA, Privacy, L2's)
* More wallets (all the big ones)
* More integrations (Dex aggregators)
* More Features: Synths, THORFi (lending, saving), THORNames
Not stopping until decentralised liquidity 10x bigger than centralised. $RUNE
THORChain has suffered a sophisticated attack on the ETH Router, around $8m. The hacker deliberately limited their impact, seemingly a whitehat.
ETH will be halted until it can be peer-reviewed with audit partners, as a priority.
LPs in the ERC-20 pools will be subsidised.
With Q3 at a close, a report detailing the quarterly progress of the
@THORChain
core protocol has been published ⚡️
Lending, Streaming Swaps, & much more shipped🚢
Total Volume: $2.38b
Liquidity fees collected: $3.38m
Read the full report on Medium:
❗️Announcing: Mainnet
Since April 2021, THORChain has been hardening under its beta label, Multichain Chaosnet, which will now transition to Mainnet.
Read: (🧵1/8)
THORChain community now working on/planning to work on:
* Cosmos (ATOM)
* Polkadot
* Zilliqa
* Monero/Haven
* BitcoinCash
* Solana
Bitcoin is complete, team will next focus on Ethereum.
THORChain quickly becoming the go-to for cross-chain liquidity.
THORChain Launches THORName Service
FOR RELEASE: The world’s first cross-chain liquidity protocol will launch a multi-chain address service
Pre-register your twitter handle, and learn more:
Multichain is going live soon. 98% confident of hitting targets.
2.5 years of RnD to ship a truly decentralised, high-yield, high-utility network with a passionate community, proven metrics, and liquidity to hit the ground running.
Let's get it. $RUNE
THORChain devs, together with Monero and Haven Devs, will be releasing a cryptonote Bifrost.
It will take some time, but the world's brightest privacy minds are focussed on this problem.
Everyone will need it.
$RUNE $XMR $XHV
💥$LENDS TRADING IS NOW LIVE 💥
Contract Address: 0x2c06ba9e7f0daccbc1f6a33ea67e85bb68fbee3a
Trading is live at the following exchanges:
🔵KuCoin:
🔵Bybit:
🔵Gate:
🔵MEXC:
🔵Uniswap:
Happy New Year from the Ordiswap Team 🧡
We cannot be more excited for 2024 & moving towards unlocking unparalleled liquidity on BTC's L1 🧪
– Stage 1 Mainnet
– $ORDS staking
– Cross Chain Swaps using
@THORChain
Pools
– Ordilayer Routing with
@Hyperlane_xyz
& much more…
$RUNE is fully distributed.
The Treasury sits on 7m RUNE (1.4% of supply) for long term ecosystem funding.
Literally everything else is circulating, burnt or locked in the protocol.
Major investors all puked last cycle. Only the thorchads hold rune now.
Welcome to DeFi, $DOGE!
The native $DOGE pool is now live.
Users can now deposit, trade, and earn $DOGE on their $DOGE.
Liquidity will deepen significantly throughout the week.
THORChain is currently the only way to swap layer1 unwrapped ETH for layer1 unwrapped BTC.
Sounds so simple. It took 4 years to solve it. But now that is out of the way, let’s get into layer1 unwrapped DeFi.
$RUNE
Extending an olive branch 🫒 to
@ledgerstatus
and a public apology 🙏
We interpreted his comment as hostile and engaged, when we could have pleasantly educated.
Ledger is a great member of the community and is highly regarded.
We’ve integrated
@THORSwap
to bring even greater swapping power to the BitPay Wallet!
Terms apply. BitPay is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. NMLS ID
#1496848
The next evolution for DeFi on Bitcoin: WalletConnect was just released for Bitcoin, Litecoin, and Dogecoin 🔥
Now, dApps don't need to add support for individual wallets
Just connect your favorite wallet to your favorite dApp with
@WalletConnect
support
September-2024 Hard Fork Preparation
THORChain’s blockchain will undergo an upgrade on 4 September 2024 at 4pm UTC, estimated at block 17561740
No action is required by any user
Exchanges, wallets, and dApps must prepare to ensure a seamless transition for your users
60m $RUNE was burned from the Standby Reserve, creating 20m RUNE ($140m) in space for lending collateral.
There is now room for ~2000
#Bitcoin
or 36k ETH in THORChain lending. No liquidations, no interest.
Details on Medium:
Haven team have completed initial testing of the THORChain-Haven client and are now preparing it for further validation and review by THORChain devs.
The next major milestone will be launching the chain on THORChain stagenet.
$RUNE $XHV
RUNEPool is LIVE 🌊⚡️
RUNEPool is a new way to provide $RUNE as liquidity in multiple pools at once to earn yield against a diverse bucket of Layer 1 assets and stablecoins
Interfaces are now live to deposit and earn yield on your $RUNE
Full announcement below
.
@THORChain
's fee raise is achieving its desired outcome.
Fundamentals are improving. Early data reveal that while swap volumes remain unaffected, collected fees have increased.
Follow this 🧵 to uncover the impact of the fee raise through on-chain data.
2023 was a strong year with major growth in liquidity, users, new features shipped, and integrations
In 2024, watch as THORChain continues to scale & deliver as the industry's largest native asset settlement backbone for Bitcoin
Read the Year End Report by
@ninerealms_cap
⚡️
By the end of the year, most wallets you know about will have integrated THORChain.
It's happening, right now. The team have taken calls non-stop with wallets over the last few weeks.
$RUNE
Electrifying news,
@THORChain
Chads ⚡️
We've just rolled out firmware V-1.6.2, allowing you to manage your $RUNE assets directly with
@KeystoneWallet
via
@THORWalletDEX
💼
🔔 Remember, THORWallet is in the final testing phase. If you are interested in testing, join their tg
March 2024 was the first month in THORChain history with over $10b in trading volume 🎉
A major win for DEXs, but the goal is unambiguously to flip the volume and liquidity of centralized exchanges.
Bitcoin liquidity will live natively, on-chain. Onwards
CEX has a 10 year headstart
Soon, DEX will overtake due to open source software & permissionless nature. Price execution will be better, UX will be identical. CEX will wrap DeFi protocols & issue stables
Onchain assets will be traded onchain - how it was meant to be
Onwards
THORChads have delivered everything they said they would.
And it's not even mainnet yet.
Still to come:
* IBC
* THORFi
* More L1 Chains
* Secret Feature
$RUNE
THORChain is currently the only operational cross-chain Liquidity Protocol for Layer1 assets.
Over 12 months getting baked in the wild. Survived everything thrown at it.
Now it's time to scale. $RUNE
By being the first to launch a Multichain AMM protocol, $RUNE is now being solidified as the base asset for decentralized, KYC-free Bitcoin trading.
And ETH and LTC and BCH and BNB.
More to come.
THORChain is back online.
The next few weeks the network will progressively open up and chaosnet can resume.
Targeting mainnet before end of year.
$RUNE
This user did a 10 BTC swap test, then followed with 100 BTC.
Largest swap on TC seen to date.
Suffice to say, they got what they were quoted. TC does not muck around.
TC is ready for $10m swaps, soon $100m swaps.
The treasury has acquired all the assets to restore solvency on the network.
Several insurance proposals are being reviewed.
When the freshly audited protocol is operational next month it will both be solvent and insured.
$RUNE
Thankful for all the community devs, contributors, meme-ers, builders, first class citizens, mods, testers, auditors, collaborators, and haters.
It’s time follow back the community.
If you’d like a follow from our account, simply reply $RUNE and RT this post.
#Thanksgiving
Lending - shipped.
Maybe perps next?
Why:
- constantly burning $RUNE thru slip fees
- burning the excess collateral above liquidation price
- open Interest is held as $RUNE equity (derived assets)
This will make RUNE deflationary and de-risk lending.
$RUNE is currently the only asset in existence that has direct liquidity with L1 assets (BTC, ETH etc), without needing CEX.
You know where it's headed next.
$RUNE
Deposit Bitcoin. Earn Bitcoin. 3-5% APY (Current rates)
Deposit Bitcoin. Withdraw USDC as debt. 0% interest. No liquidations.
These two features combined together will forever change everything.
Who's ready? $RUNE
THORChain is infrastructure for Bitcoin, primed for ordinals enjoyers to bring liquidity to Bitcoin from ETH, or anywhere else.
Join the
@ninerealms_cap
and
@OrdiswapLabs
teams next Friday for an AMA 👇
Looking to transfer your tokens from Ethereum to Bitcoin — the most secure & efficient way, without L2s/bridges?
🧪 Ordiswap x
@THORChain
's deep LPs make the process as simple as 1,2,3..⌛️
1️⃣ Open 'Bridge' tab
2️⃣ Select 'From' & 'To' chains
3️⃣ Swap
Check out a live demo 👇 1/2
Decentralisation is an inconvenience until you need it.
Then it’s critical.
Don’t get caught swimming naked when the tide goes out.
THORChain is the only cross-chain protocol that has made no compromises on decentralisation.
That is all. $RUNE
When lending is turned on, $RUNE becomes deflationary:
1) All derived asset slip fees permanently burn RUNE
2) Perma-locked loans will never redeem RUNE (these are non-zero and constantly increase)
More burn features are planned.
Many were watching, but now they're paying attention
There's never been a better time to integrate swaps, savers, and borrowing powered by
@THORChain
With built-in affiliate fees, major wallets have the potential to collect 6-7 figures of revenue monthly, while beating price
The first known malicious attack on THORChain.
Loss of funds: $140k
Attack path: logic error on Eth Bifrost when handling symbols same as ETH
Fix: Bifrost
Node Defence: halt Bifrost and THORNode
Time to respond: ~30 mins
Affected users: none (treasury will cover)
ANN: THORChain Integration Lead Fees
- $5k in RUNE : info site
- $10k in RUNE : wallet 10k-100k MAU
- $20k in RUNE : wallet >100k MAU
Terms:
- Must do all business dev
- Fee paid out once integration live
- Can hand over to
@ninerealms_cap
once closed
The redemption arc has begun. ATH in swaps, volumes, users, TVL.
THORChads have ground, worked, hustled and shipped for years for this moment.
The largest cross-chain DEX is about to become much, much larger.
Onwards.
$THOR price has stabilised.
The THORChain treasury will begin entering the THOR:RUNE pool, with intent to own 20-30% of the liquidity.
This will be converted to Protocol Owned Liquidity.
All THORFi projects get THORChain treasury backing.
$THOR $RUNE
THORChain Q1 Highlights:
⚡️+53% volume growth
⚡️+48% liquidity growth
⚡️+57% in savers growth
⚡️$8m collected in liquidity fees
⚡️$4.9m collected by interfaces
⚡️+$160m in lending collateral
⚡️ New features & integrations
Read the full report on Medium:
Massive Update: WalletConnect is now available for Bitcoin, Litecoin and Dogecoin - thanks to the
@BifrostWallet
team 🎉
Adopting this standard makes it easier than ever to bring Bitcoin into your favorite DeFi apps. Just scan a QR code and connect your favorite wallet
🚨 Savers Vaults Are Live 🚨
Finally, the most sought after centralized product is now available on THORChain. Earn in-kind yield on native assets:
#BTC
$ETH
#BNB
$BCH $LTC $DOGE $ATOM
#AVAX
Full Details:
It's May 2022. THORChain is still the only cross-chain DEX that:
- has 100+ permissionless nodes
- verifies reserves publicly every 10 mins
- churns every 3 days to escape capture
- economically secures every $1 with $2+ in bond
Onwards
TC is the world's largest decentralised exchange. $10bn
Then it will be the worlds' largest exchange. $100bn
Then it will be just THE Exchange. $1tn
Let's get it.
In the last 30 days, Thorchain and Cosmos' IBC have been at the forefront of cross-chain volume, recording $4.82 billion and $3.35 billion, respectively.
Among Layer 2 bridges, the Arbitrum Bridge took the lead with a volume of $1.21 billion.
$UST is by far the best decentralised stablecoin.
There's nothing even close.
Liquid, decentralized, utility, with a buyer of last resort - the economic activity of TerraFi.
Taking notes 📝
$UST growing by the day - its the best marker of the health of the Terra ecosystem.
We've added $300 million in less than 1 month
That is some mega $Luna burn; check out the trading volumes too.
And we haven't yet got 10 protocols running yet!
$Luna 🚀🙃
By qualifying in our Airdrop's Early Access, you get:
🌽 A "Signing Bonus" -- a bag💰of Kernels - reward for using THORchain!
🌽 Access to Deposit Silos -- deposit select assets to earn Kernels!
🌽 Referral Codes -- invite friends to Corn & earn from their deposits too!
Goddamn. THORChain has never been in such a strong place.
~100 nodes ✅
7 chains ✅
Mainnet ✅
Native $RUNE on exchanges ✅
Killer Dev Team ✅
Stable Network ✅
Proven Economics ✅
Who is ready for the next stage of this journey?!
THORChain is now the Dex with the highest volume/TVL ratio.
THORChain: 43%
Uniswap: 25%
PancakeSwap: 5.7%
Curve: 4.3%
When THORChain has the TVL of Uniswap it will be doing twice its volume.
Ask yourself why. $RUNE
THORChain secured a $2.7m loan from
@CreamdotFinance
using Iron Bank, with the help of
@AndreCronjeTech
.
* 150% collaterised with ETH.RUNE
* Will be repaid in the coming months
* Allows ETH solvency to be immediately restored with no need for liquid treasury
Many thanks
$UST is by far the best stablecoin in the ecosystem. Period.
It has just one issue with reflexivity but that has been addressed by the recent stress tests.
It will continue to pick up adoption and Lindy.
Looks like Tether is sailing straight into a lot of trouble - and rightly so.
DeFi needs a better stablecoin
Perharps $UST will soon be ready to fill the gap
$Luna
#Tefi
Like this tweet if you think the future of exchanges are self-sovereign user-owned wallets.
And the backend is a decentralized liquidity protocol.
$RUNE $THOR $TWT $TGT $FOX $SPOT $BRO