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

• ADR: A new channel for better coordination by NOs: https://gitlab.com/thorchain/thornode/-/tree/develop/docs/architecture

• Better Solvency Checker reporting: https://gitlab.com/thorchain/thornode/-/issues/1331
• Terra chain to be purged:

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

• ChaosNet V1.88.1 went live: https://twitter.com/THORChain/status/1524535889132933120
• THORChain analytics by Flipside Crypto: https://twitter.com/BlumbergKellen/status/1525153759319318528
• Recording of THORChain weekly updates: https://twitter.com/THORChain/status/1524944457841393674
• Impermanent Loss Protection is in place for LUNA-UST LPs: https://twitter.com/THORChain/status/1524804948831379456
• An article on layers of security at TC: https://twitter.com/THORChain/status/1524531618106720256

• THORChain self-pauses an external chain when they become unhealthy- auto paused BTC, ETH, Terra: https://twitter.com/THORChain/status/1524698858160533504
• Volume is increasing on decreasing TVL: https://twitter.com/THORChain/status/1524688193211498496
• A thread on Maya Protocol: https://twitter.com/THORChain/status/1525667720645136384
• Track THORChain pools on Yield Dashboard by DeFiLiama: https://twitter.com/DefiLlama/status/1524509090143260672
• THORFi providing loans without liquidation: https://twitter.com/THORChain/status/1523962849759879168
• God of Thunder trading competition with Rango Exchange with a prize pool of $12,000: https://twitter.com/RangoExchange/status/1523389570582147072

• THORFi built on a trustless and decentralized approach: https://twitter.com/RUNE100X/status/1523536660658413568
• A thread on THORChain derived assets: https://twitter.com/familiarcow/status/1523373895490801664
• ATOM is coming to THORChain: https://twitter.com/SpotWiggum/status/1523364226408099840
• BTC is growing on THORChain: https://twitter.com/Kadesh_bull/status/1523228277459980288
• THORChain Stats: https://twitter.com/THORChain_Stats/status/1522733253366583299
• Larger swaps on THORChain will now be faster: https://twitter.com/ChadThoreau/status/1522725585176301568
• 100+ nodes in TSS vaults, aggressive churning every 3 days to resist capture, $2+ protects every $1: https://twitter.com/THORChain/status/1522713933668585472
• The next 3 chains to launch on THORChain- ATOM, DASH , AVAX: https://twitter.com/RUNE100X/status/1522646988029788160
• 71.5% of all wallets that have ever been a liquidity provider on THORChain are still providing liquidity: https://twitter.com/THORChain/status/1522675927867699201

• An insightful thread on TC: https://twitter.com/ChadThoreau/status/1522448149855449089
• Native RUNE trading is now available now open on Kraken Exchange: https://twitter.com/THORChain/status/1522276079397863437

• Long-term vision of THORChain: https://twitter.com/THORChain/status/1522191913415507970
• 12 months to fully kill IOU RUNE, currently 111m: https://twitter.com/THORChain/status/1522198590369972229
• An informational article on THORFi: https://twitter.com/Lendscape_so/status/1522154245486694404

• THORChain’s bug bounty program with Immunefi updated, giving upto $1,000,000 for Critical vulnerabilities: https://twitter.com/THORChain/status/1521898457174355969

• BUSD pool is surpassing all others: https://twitter.com/THORNOOBs/status/1521200212056117248

⚡Ecosystem Updates

1. THORSwap

• THOR staking 2.0 launched, stake THOR to receive vTHOR: https://twitter.com/THORSwap/status/1521842790057099265
• Distributed 1,134,416 THOR to vTHOR holders under staking 2.0: https://twitter.com/THORSwap/status/1524747684833341440

• ETH-THOR Sushiswap LP staking has 363% APY: https://twitter.com/THORSwap/status/1523316160833343490

• A thread on current analytics of staking 2.0: https://twitter.com/THORSwap/status/1522795203895169026

• Video tutorial of THOR staking 2.0: https://twitter.com/THORSwap/status/1522031938764251137
• Article on the launch of vTHOR: https://twitter.com/TokenInsight/status/1521863852232933376
• THORSwap exchange fees removed for holders of vTHOR: https://twitter.com/THORSwap/status/1521894366360571905

• An elaborate thread on Staking 2.0: https://twitter.com/THORSwap/status/1521722910955737088

2. XDEFI WALLET

• Video guide on how to migrate from MetaMask to XDEFI Wallet: https://twitter.com/xdefi_wallet/status/1521760940202635264
• Users can withdraw UST from Pylon <> XDEFI pools: https://twitter.com/xdefi_wallet/status/1524841054196973568
• XDEFI treasury was secured on-time under the present market conditions: https://twitter.com/xdefi_wallet/status/1524716182422573056
• Guide on how to migrate from Terra Station to XDEFI Wallet: https://twitter.com/xdefi_wallet/status/1523579784730619906

• Deposit Eth stablecoins into Orion Money saver directly from XDEFI wallet: https://twitter.com/orion_money/status/1521852378290561024
• Version 16.0.1 is live, Ethereum LP tokens display, THORName service: https://twitter.com/xdefi_wallet/status/1521844852555763713

3. RANGO EXCHANGE

• Integrated with Juno Network: https://twitter.com/RangoExchange/status/1526090364297306112

• A thread giving all details of Rango during the current market situation including IDO update: https://twitter.com/RangoExchange/status/1524678567883386880
• Integrated with Fuse Network: https://twitter.com/RangoExchange/status/1522189611757359104

4. THORWallet

• THORWallet App Update v1.2.3: https://twitter.com/THORWalletDEX/status/1525201081986342921

• Weekly update, major app update (v1.2.3), refer a friend program live, webapp out for testing, TGT listed on MEXC Global: https://twitter.com/THORWalletDEX/status/1525774368361652224
• Early access to WebApp Beta access for NFT holders: https://twitter.com/THORWalletDEX/status/1525440293121802241

• Download THORWalletDEX & earn up to $20 in TGT: https://twitter.com/marcelharmann/status/1525406303354486784
• Referral Program live: https://twitter.com/THORWalletDEX/status/1525408486812680192

• Analytics Dashboard Update: https://twitter.com/THORWalletDEX/status/1525018340921589762
• An insightful article on THORWallet DEX: https://twitter.com/THORWalletDEX/status/1523933091923959809

• Partnered with MEXC Global to list TGT: https://twitter.com/THORWalletDEX/status/1523577033703714818

• Community giveaway of 2.85m TGT: https://twitter.com/THORWalletDEX/status/1523908820220760064
• Crossed 25K downloads: https://twitter.com/THORWalletDEX/status/1522476474124705792

6. BROKKR FINANCE

• A thread on the goals of Brokkr Finance for the remaining of 2022: https://twitter.com/BrokkrFinance/status/1522292853963202560

• Liquidity withdrawn from BRO/UST pool: https://twitter.com/BrokkrFinance/status/1525149288346566657
• Treasury secure in the current market scenario: https://twitter.com/BrokkrFinance/status/1524737246510948353

7. LENDSCAPE

• Educational series on THORFi- Chapter 1: THORFi — What are derived assets?: https://twitter.com/Lendscape_so/status/1522154245486694404

• Chapter 2 — THORFi x IBC integration: https://twitter.com/Lendscape_so/status/1525097761682636801

• How $TOR is different from $UST, a twitter thread: https://twitter.com/Lendscape_so/status/1525170833659944961

8. THORGUARDS

• A guide on how to launch an NFT project: https://twitter.com/ThorGuards/status/1521695166939078657

9. THORYIELD

• vTHOR staking rewards tracker added on THORYield app: https://twitter.com/THORYieldApp/status/1523663356527136769

⚡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

Dev Update #140-#143

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/