Bi-Weekly Community Recap #19 (May 3 - May 16): THORChain

THORNOOB - Learn About THORChain
7 min readMay 20, 2022

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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 (12-Points)

  1. THORChain bug bounty increased to $1 million.
  2. $ATOM, $AVAX & $DASH are likely the next 3 chain integrations.
  3. Kraken listed Native $RUNE.
  4. Terra chain to be purged.
  5. Medium Blogs on a “Call to action for Terra LPers” & “THORChain’s Layer of Security”.
  6. Outbound Throttling reduced significantly.
  7. $vTHOR staking and affiliate fees went live on THORSwap.
  8. Rango Protocol integrated Juno Network and Fuse Network.
  9. Rango organised a $12,000 THORChain trading competition.
  10. Brokkr Finance shared a vision for 2022.
  11. LendScape publishes an educational series on THORFi ($TOR).
  12. THORWallet’s Referral program went live. $TGT listed on MEXC Global.

⚡Notable Gitlab Issues

Terra chain was automatically paused when nodes went out of sync during the terra protocol’s economic model failure.
Chain is now resumed for withdrawals and will soon be purged out of the network.

⚡General Questions About:

Q. What will happen to LUNA & UST Liquidity providers?

Ans. Covered in detail in this post:

Q. Does THOR.USD faces same risk as UST?

Ans. Chad Barraford covered the difference in a tweet thread here: https://twitter.com/CBarraford/status/1526597142466416640

⚡Feedbacks & Suggestions

  • There has been some feedbacks to pause focusing on $TOR (algo-stablecoin) and instead focus on more chain/wallet integrations, awareness efforts.

⚡Notable Work

⚡Ecosystem Updates

1. THORSwap

2. XDEFI WALLET

3. RANGO EXCHANGE

4. THORWallet

6. BROKKR FINANCE

7. LENDSCAPE

8. THORGUARDS

9. THORYIELD

⚡Weekly Dev Discord Updates

TRX1’s Weekly Dev Update (02.05.2022–08.05.2022)

THORChain Monitoring bot
Twitter:
— Created TwitterBot class
— Began building a new formatter class for short alerts
— Got my wrongly blocked account unblocked
• NodeOp tools:
— Better Node watch list editing in Telegram
• Fixed bug with incorrect calculation of pool liquidity units, now redeemable amounts are fine
• Fixed sending pictures to Slack
• Added Luna & UST logotypes
• New Mimir constants transcript
• Big code refactoring to make the bot more flexible and the code more clean

aiothornode Python library
• Parsing both Synth units and LP units correctly

Next week plans:
• Continue Twitter bot development
• Probably to release something with an incomplete set of features

THORChain Dev Update (25 Apr -12 May)

- LUNA and UST Pool Update
- THORNames,
- Milestone Update,
- Network and Community Updates

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

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THORNOOB - Learn About THORChain

Weekly Community Updates and Educational posts on THORChain and its Ecosystem. Plus More (Alpha)