Bi-Weekly Community Recap #18 (Apr 16–May 2): THORChain

This article covers:

1. Notable Gitlab Issues
2. Most Asked Questions
3. Feedbacks & Suggestions
4. Notable Work
5. Ecosystem Updates
6. Weekly Dev Discord Updates

TLDR (15-Points)

1. Voting on Adding $ATOM chain is live.
2. Liquidity in THORChain continues to grow despite market conditions.
3. Discussions on diversifying cloud providers.
4. Impressive tweet threads from Chad Thoreau, Wolf of DeFi, THORChain Bull, HeyImTheNewGuy and others.
5. GrassRoots Crypto shares a video on “THORChain Mainnet: What to Expect!”
6. THORSwap turned on 0.3% affiliate fee and launched $vTHOR staking with it. They also pushed Monthly Recap and Roadmap Update.
7. THORSwap Aggregator and vTHOR are audited by Halborn Security and Peckshield
8. Pangolin integrates XDEFI Wallet. Also, $XDEFI token got listed on Kucoin.
9. Rango Exchange did a major UI update. Also, $RANGO IDO got postponed.
10. Rango integrated Desmos Network and Optimism.
11. THORWallet wins the Startup WorldCup Dubai. Also shared Weekly Dev Updates.
12. ASGARDEX now supports Terra connection using Ledger.
13. Brokkr Finance lauches bonding with $BRO and BRO/UST LP tokens.
14. Ferz Wallet removes affiliate fee. There is no extra fee charged for swapping using Ferz Wallet.
15. SKIPSwap interface came back online.

⚡Notable Gitlab Issues

• Dynamic Gas Fees: https://gitlab.com/thorchain/thornode/-/merge_requests/2241

• THORFi Lending implementation Walkthrough: https://gitlab.com/thorchain/thornode/-/merge_requests/2228

Video Walkthrough: https://www.youtube.com/watch?v=-V6GJu0TKbo

• Discussions on Diversifying Cloud Providers:

• Voting on adding ATOM chain:

• Working on better Halt Behaviours: https://gitlab.com/thorchain/thornode/-/issues/1306
• Sushiswap’s Aggregator Contract being whitelisted: https://gitlab.com/thorchain/thornode/-/merge_requests/2252

⚡General Questions About:

Q. What are the benefits of minting Synths?

A. In simple words: Cheaper fees and Faster transactions.

Q. When MainNet?

A. There is no date yet. But you can watch this video to know what to expect from MainNet: https://www.youtube.com/watch?v=JGBxcQCz9-U&feature=youtu.be

⚡Feedbacks & Suggestions

• Phrase the affiliate fee feature in a way which attracts the interfaces.

⚡Notable Work

• Over 50% of the circulating supply of RUNE is participating in the network: https://twitter.com/THORChain/status/1520935216155885568

• RUNE speculative multiplier all time low: https://twitter.com/ChadThoreau/status/1520426702286979072
• THOR.BTC will be a decentralized alternative to wrapped BTC & all minting of it will burn RUNE: https://twitter.com/ChadThoreau/status/1520192129674334208

• Another batch of THORChain bounties from Flipside crypto is out: https://twitter.com/BlumbergKellen/status/1520113533844738049
• A thread giving an insight into protocol revenue, emissions, and valuations for THORChain infrastructure projects: https://twitter.com/lendscape_so/status/1519993319060910082
• Some stats of THORChain from Twoje Krypto: https://twitter.com/AdamInwest/status/1519953010964762625
• A bot to track THORChain’s affiliate fees among the top interfaces: https://twitter.com/0xVenturesDAO/status/1519943590830612481

• A new ATH everyday for liquidity irrespective of the price: https://twitter.com/THORToshi/status/1519822249519427584

• RUNE deterministic price is up, speculative multiplier is down: https://twitter.com/rune_price/status/1519386857942958080

• A thread on what will be possible when THORChain reaches its maturity: https://twitter.com/Hey_ImTheNewGuy/status/1519035379327770624
• A thread on Total Quantity Locked in THORChain, from Spot Wiggum: https://twitter.com/SpotWiggum/status/1516028033165000704
• Switch between BTC <> UST in a decentralized manner: https://twitter.com/THORNOOBs/status/1518644967937540096

• THORChain works better and makes more money for its Nodes and LPs when the price is volatile: https://twitter.com/THORChain/status/1518691047320485888
• THORChain is a liquidity black hole, a thread from Wolf of DeFi: https://twitter.com/wolf_of_defi/status/1518654933880430592
• On peak volume days, 18m RUNE trades across THORChain pools, annual flow of over 20x: https://twitter.com/THORChain/status/1517798364301037568
• A thread on THORChain bounty submissions from Flipside crypto: https://twitter.com/BlumbergKellen/status/1517598632723161088
• THORChain is a faceless API with multiple frontends to prevent censorship: https://twitter.com/THORChain/status/1517611766154670080
• Staked Queen explains THORChain: https://twitter.com/stakedqueen/status/1517080723106123776
• GRC covers “What to expect on THORChain Mainnet” in his latest video: https://twitter.com/GrassRootsio/status/1517120053019541508
• UST swapping between 6 different blockchains in a decentralized, trustless way: https://twitter.com/Hey_ImTheNewGuy/status/1516752600749813760

• THORChain chooses nodes only if they have a min bond to enter: https://twitter.com/THORChain/status/1516998316294565888
• The 4 pools with the largest single swaps of nearly 1M are BTC.BTC, ETH.ETH, ETH.THOR, and ETH.YFI: https://twitter.com/flipsidecrypto/status/1516869311733764096
• $100M of Bitcoin is earning ~15% yield on THORChain DEX: https://twitter.com/ErikVoorhees/status/1516445549553102852
• THORChain traction owing to the activation of THORSynths, an integration with Terra, and the removal of liquidity caps analysed on Delphi Digital: https://twitter.com/Shaughnessy119/status/1516449611266801676
• LUNA locked in THORChain hits ATH repeatedly: https://twitter.com/familiarcow/status/1516168296902856704

• CryptoHarry shares his thoughts on THORChain: https://twitter.com/CryptoHarry_/status/1516057602081312769
• Killswitch is coming soon: https://twitter.com/THORChain/status/1516188227358453761
• THORNODE version update 1.87.1: https://twitter.com/THORChain/status/1516186909814321152
• THORChain week in focus: https://twitter.com/THORChain/status/1515933946369904640

• THORChain also has the highest yields available compared to less superior options: https://twitter.com/Old_Samster/status/1515494866045734914

⚡Ecosystem Updates

1. THORSwap

• An informative thread on THORSwap by its investor 3commas capital: https://twitter.com/3commas_capital/status/1515244724437012488
• Read about vTHOR ( staking V2): https://twitter.com/THORSwap/status/1516076178385350656
• Thread on vTHOR staking from Asian0xV: https://twitter.com/Asian0xV/status/1516164805572235264
• Users will be able to swap long-tail ERC20s <> Native BTC in 1 tx soon: https://twitter.com/THORSwap/status/1516227381731729415

• THORSwap Roadmap Update: https://twitter.com/THORSwap/status/1516993490328109056

• THOR single side staking to be migrated to vTHOR: https://twitter.com/THORSwap/status/1517422423250976770
• 0.3% affiliate fee for Thorchain swaps: https://twitter.com/THORSwap/status/1517424753933524992

• THORSwap aggregator beta testing ongoing: https://twitter.com/THORSwap/status/1517576448198029313
• An insightful thread on THORSwap aggregator: https://twitter.com/bullishtrader/status/1517744117320720384
• A detailed thread on vTHOR upgrade: https://twitter.com/THORSwap/status/1518536999598268419

• THORSwap’s TOKE bond program went live on OlympusDAO pro: https://twitter.com/THORSwap/status/1518607532859789312

• Recording of AMA on THORSwap Aggregator and vTHOR: https://twitter.com/THORSwap/status/1518708975339978752
• Recording of Twitter Space on vTHOR: https://twitter.com/THORSwap/status/1519710880467804161
• THORSwap Aggregator and vTHOR audited by Halborn Security & Peckshield: https://twitter.com/THORSwap/status/1519719296930357250

• THORSwap April Monthly Report: https://twitter.com/THORSwap/status/1521072332432982017

2. XDEFI WALLET

• Easy-to-understand infographics for Binance chains and nomenclature: https://twitter.com/xdefi_wallet/status/1516044432339980289

• XDEFI token listed on Kucoin: https://twitter.com/xdefi_wallet/status/1516433922799902724

• Integrated with Pangolin DEX: https://twitter.com/pangolindex/status/1516680567143682049

• Article on Anchor Protocol: https://twitter.com/xdefi_wallet/status/1517063365830524928

• XDEFI pool has the highest yield on Astroport: https://twitter.com/xdefi_wallet/status/1517538700120530945

• XDEFI wallet tutorial: https://twitter.com/bitcoin2go/status/1517804183700844544
• Video guide on how to stake XDEFI tokens: https://twitter.com/xdefi_wallet/status/1518623212875223040

• Video guide on how to swap Terra assets: https://twitter.com/xdefi_wallet/status/1518865232348782592

• Article on liquidity provider in DeFi: https://twitter.com/xdefi_wallet/status/1521120490215124992

3. RANGO EXCHANGE

• Fantom trading competition with OpenOceanGlobal has ended: https://twitter.com/RangoExchange/status/1515676582790242309
• New UI update, new design, layout improvements, color changes, and more: https://twitter.com/RangoExchange/status/1516707540586975235

• Integrated with Desmos Network: https://twitter.com/RangoExchange/status/1516774323633147915

• Thorstarter announces Rango Exchange IDO: https://twitter.com/RangoExchange/status/1518212512663093254
• IDO postponed: https://twitter.com/RangoExchange/status/1520026688993771521

• Integrated with Optimism: https://twitter.com/RangoExchange/status/1521117979764797440

4. THORWallet

• New android and iOS testflight update, various bug fixes: https://twitter.com/THORWalletDEX/status/1515241840806707203
• THORWallet DEX wins the startup WorldCup Dubai: https://twitter.com/THORWalletDEX/status/1515619923824889861
• Read AMA on THORWallet: https://twitter.com/THORWalletDEX/status/1516000029835726850

• THORWallet DEX analytics: https://twitter.com/THORWalletDEX/status/1519279301119651842
• Weekly development update: https://twitter.com/THORWalletDEX/status/1520018307721666560

• THORWallet DEX to provide decentralized financial services via mobile app & browser: https://twitter.com/THORWalletDEX/status/1516114127739146241

5. ASGARDEX

• Ledger Terra support in latest ASGARDEX v0.14.0: https://twitter.com/asgardex/status/1517889129375309826

6. BROKKR FINANCE

• No direct compensation for Thorstarter & StarTerra participants: https://twitter.com/BrokkrFinance/status/1517113003044491265
• Track Brokkr Finance on Ape board: https://twitter.com/ape_board/status/1517473301869694977

• Treasury is separated into two different parts- Protocol Owned Capital (POC) & Protocol Owned Liquidity (POL): https://twitter.com/BrokkrFinance/status/1517491744564260864

• Bond UST and BRO/UST LP Tokens: https://twitter.com/BrokkrFinance/status/1519586740281004032

• Recording of AMA with THORGuards: https://twitter.com/BrokkrFinance/status/1518605925791289345
• Participating in TerraDApp Expo: https://twitter.com/BrokkrFinance/status/1518990142400253953

7. FERZ WALLET

• FerzWallet disabled all its affiliate fees: https://twitter.com/FerzWallet/status/1518536078227128320
• New FerzWallet version is out, THORChain synthetics, no commission, zero fees, improved UI, bug fixes: https://twitter.com/FerzWallet/status/1518879908616974338

• With 0% commission, swap any assets supported by THORChain in a decentralized way with no KYC: https://twitter.com/FerzWallet/status/1520755427817963521
• Powered by THORChain, Ferz Wallet allows swapping L1 assets, such as BTC, ETH, USDT: https://twitter.com/FerzWallet/status/1521136819844362244

8. LendScape

• LendScape covers Affiliate Fee concept: https://twitter.com/Lendscape_so/status/1519993319060910082

9. SKIPSwap

• SKIP interface is back online: https://twitter.com/SKIPswap/status/1516859178698129408

10. THORGUARDS

• Participating as a speaker in the Web3 & NFT event: https://twitter.com/ThorGuards/status/1519860305123176448

11. THORYIELD

• THORYieldApp v2 to launch soon, modern UI, massive improvements to the UX, tokens Charts, LP Earnings view: https://twitter.com/THORYieldApp/status/1519342074109341698

⚡Weekly Dev Discord Updates

TRX1’s Weekly Dev Update (11.04.2022–17.04.2022)

THORChain Monitoring bot
• Set up THORNode (fullnode) as a reliable data source. By now it is still syncing
• Added block time to the “Metrics” menu
• Fixed chain height tracker errors
• Fixed behavior of the “Back” button in the “Metrics” menu
• Improving code reliability and fault tolerance
• Network visualization utils (work in progress)

Next week:
• Test and deploy THORNode connection
• NodeOp tools upgrade on the production server
• Metrics menu: circulating supply

THORChain Dev Update (1 Apr — 24 Apr)

- THORNames (TNS) released into Stagenet,
- Kills Switch Update and resources,
- THORFI resources and code released,
- Security Improvements,
- Network and Community Updates

Dev Update #139-#140

TRX1’s Weekly Dev Update (18.04.2022–24.04.2022)

THORChain Monitoring bot
• Added Rune supply information to the Metrics menu
• Added new commands /supply, /voting and /pools for quick access
• Code profiling by execution time to find bottlenecks
• Bugfix in Price divergence tracker
• Code refactoring
• Deployed all the latest updates to the live server
• WIP: Node visualization tools

TRX1’s Weekly Dev Update (25.04.2022–01.05.2022)

THORChain Monitoring bot
• Twitter:
— Finally acquired an elevated developer account
— Started making the first prototypes of the Twitter bot
• NodeOp tools:
— Web settings panel: general alerts settings
— Testing general alerts for Slack
— GEO IP API
• For new Mimirs, the source is now correctly displayed
• Fixing other minor bugs
• WIP: Node visualization tools

Follow us on Twitter for regular updates on THORChain and its Ecosystem: https://twitter.com/THORNOOBs

Medium: THORNOOB — Medium

Twitter: https://twitter.com/THORNOOBs

Youtube: THORNoob — YouTube

Website (WIP): https://www.thornoob.com/