Weekly Community Recap #15: THORChain

THORNOOB - Learn About THORChain

7 min readNov 23, 2021

This article covers:

Notable Gitlab Issues
Most Asked Questions
Feedbacks & Suggestions
Notable Work
Ecosystem Updates
Weekly Dev Discord Updates

TLDR (11-Points)

Consensus Failure issue was resolved and network is back to operational.
Great new tool and stats from Flipside Crypto (Dashboard, network stats)
“Track scheduled outbound transactions” using a new tool from ApeCapital
XDEFI Wallet completed their $XDEFI token IDO.
DefiSpot released an introductory article on their exchange.
THORWallet completed their IDO phase 1. More info on IDO phase 2 (THORChain pool) was released.
BrokkrFinance launched their Discord server.
Rango Exchange replaced Binance Bridge with AnyswapNetwork, easing-up swaps b/w ETH, BSC, Polygon and AVAX C-chain.
THORGuards is giving away a Fat Thor.
THORChadsDAO is doing season 1 NFT trophies drop.
PixelTHOR launched #THORBox NFTs with various benefits attached to it.

⚡Notable Gitlab Issues

ChaosNet V0.74.1 was released: https://gitlab.com/thorchain/devops/node-launcher/-/merge_requests/371
THORChain was halted due to consensus failure. Breakdown of event from NineRealms: https://gitlab.com/thorchain/thornode/-/issues/1169

Recovery instructions were given to node operators: https://gitlab.com/thorchain/thornode/-/issues/1165

Open-discussion for having automatic snapshots of network: https://gitlab.com/thorchain/devops/node-launcher/-/issues/55
No ILP for Staged Pools: https://gitlab.com/thorchain/thornode/-/issues/1170

Pools will be eligible for ILP when they become “active”. A refresh of balance (re-adding liquidity) might be required to claim ILP then.

Optimising Outbound Transactions to make it cheaper: https://gitlab.com/thorchain/thornode/-/merge_requests/1998

⚡General Questions About:

Q. Why users weren’t to swap or transact Native $RUNE?

A. Network was halted due to a consensus failure, but it is now back up and running.

Q. When next churn, cap raise?

A. Churn is expected on 29th November. Vault Sharding will take place which is a big milestone. No info on next cap raise yet.

⚡Feedbacks & Suggestions

Most of the issues were related to THORSwap UI, and high ETH fees being charged. This has been forwarded and recognised by team, and is being worked on.

⚡Notable Work

Flipside Crypto recently shared important data on THORChain network, varying from New Users, Swaps, Fees, Whale Activities and much more: https://twitter.com/flipsidecrypto/status/1462949924346204162?s=20
THORChain Weekly Dev Update #116–117: https://twitter.com/THORChain/status/1462981895533174793?s=20
A great tool by ApeCapital to see approximate time for scheduled outbound transactions: https://thorchain-scheduled-tx.web.app/

Another great tool (a Dashboard) from Flipside Crypto: https://science.flipsidecrypto.com/thorchain-console/

Generate a THORChain-themed QR code for your address here (thanks to Crypto QR Generator): https://twitter.com/cwaqrgenCom/status/1460812017074413568
RuneBase published recording of THORChain Weekly Twitter Livestream: https://twitter.com/runebase_org/status/1461337060598550541?s=20
Atomic swaps are live for $RUNE on Qredo Network: https://twitter.com/QredoNetwork/status/1460320804013498376

⚡Ecosystem Updates

A) XDEFI Wallet

XDEFI Wallet raised over $19 million $USDC from >10K users. Here is a recap: https://twitter.com/xdefi_wallet/status/1463189139998842890?s=20
A 2X reward farm for $XDEFI / $WETH pool on Sushiswap: https://twitter.com/xdefi_wallet/status/1461464336703148034?s=20
$XDEFI got listed on gate_io: https://twitter.com/xdefi_wallet/status/1462756177234771971?s=20
Polychain is giving away 2 Special Edition XDEFI Unioctopus: https://twitter.com/polychainmon/status/1462798030621462535
A XDEFI Wallet x Polychain Monsters NFT Contest: https://twitter.com/xdefi_wallet/status/1463182859573809166

B) DefiSpot

DefiSpot published an introductory article explaining DefiSpot and it’s vision. A must read for #THORChads: https://medium.com/defispot/what-is-defispot-and-why-does-it-exist-1cb6df53d6b1

DefiSpot Founder, CryptosPsycho and Co-Founder, RuneDegen went on a podcast with Cryptonary: https://twitter.com/Defi_Spot/status/1462129717641949190
DefiSpot CEO, CryptosPsycho shared some insights on the upcoming $SPOT IDO, happening end of December: https://twitter.com/CryptosPsycho/status/1460336599632388096

THORGuards holders are expected to get a higher allocation here.

DefiChads gave away one and only THORChain CEO DefiChad NFT to the community: https://twitter.com/Defi_Chads/status/1460256172250996747

C) THORSwap

THORSwap donated 1,125,600 $THOR to the $THOR-$RUNE pool for the 7 day halt period: https://twitter.com/THORSwap/status/1462777797739483136?s=20

D) THORWallet

THORWallet testflight version got new updates. Here is a video: https://twitter.com/ThorWallet/status/1461033778172866567?s=20
THORWallet’s $TGT IDO phase 1 was finished with great result: https://twitter.com/ThorWallet/status/1460336475413880832?s=20
THORWallet has postponed Phase 2 of $TGT IDO in order to have a better launch: https://twitter.com/ThorWallet/status/1463122933598064642
THORWallet shared details on their various upcoming incentive programs: https://twitter.com/ThorWallet/status/1459979855139901449?s=20
THORWallet introduced “Mission Rewards” with various benefits: https://twitter.com/ThorWallet/status/1462473672153870342?s=20
THORWallet is giving away 2 THORGuards and 1 THORWallet General NFT: https://twitter.com/ThorWallet/status/1461336365279363079?s=20

E) Brokkr Finance

Brokkr Finance launched their discord server: discord.gg/YyHHH9jaD8

F) Rango Exchange

Rango Exchange supports decentralised cross-chain swaps to Polygon assets, getting recognised by Polygon community: https://twitter.com/PolygonDaily/status/1460223559075127298
Rango Exchange replaced Binance Bridge with AnyswapNetwork: https://twitter.com/RangoExchange/status/1461792642526814226

Now swaps between ETH, BSC, Polygon and Avax C-chain are much easier. Harmony and Fantom integration is also expected soon!

Rango Exchange will be doing the second affiliate payment on Dec 2nd: https://twitter.com/RangoExchange/status/1462706527232479236?s=20

Currently the affiliate link users can earn twice as much as Rango is giving away their Q4 affiliate earning to users.

G) THORGuards

The most rare THORGuard NFT was sold for 69.42 ETH: https://twitter.com/THORChain/status/1459851988032577556?s=20
THORGuards auctioned Fat Thor for ~11 ETH to MrApeNFT: https://twitter.com/ThorGuards/status/1461750352277954561?s=20
THORGuards is giving away a Fat Thor to the community: https://twitter.com/ThorGuards/status/1463203194561916931

THORGuard owners are eligible for the raffle happening on NOvember 30th.

Rarity Sniper is giving away 1 rare NFT to community: https://twitter.com/RaritySniperNFT/status/1462953211317399556?s=20

H) THORChadsDAO

THORChadsDAO is going to give Season 1 NFT trophies to users: https://twitter.com/THORChadsDAO/status/1462783676362670084

With a total supply of 500 trophies per season, most is expected to go to “Top 400 THORChad Score” achievers.

I) Pixel THOR

PixelTHOR introduced #THORBox. Common, Rare and Legendary THORBox NFTs are available which will make the buyer eligible for Merch, stickers and more: https://twitter.com/thorchainNFT/status/1462879347589660676

⚡Weekly Dev Discord Updates

TRX1’s Weekly Dev Report (08/11–14/11)

THORChain Monitoring bot
■ Added min/max labels on the price chart
■ Bug fixes to keep the bot running correctly during a network downtime
■ Fix nodes’ provider chart
■ THORChain block height stuck/unstuck notification (WIP)

Runiverse
■ Migrating to Unity3D:
— Project and tools setup
— Collected helpful assets
— Started implementing Midgard connection

TRX1’s Weekly Dev Report (08/11–14/11)

Runiverse
■ Migrating to Unity3D:
— Project and tools setup
— Collected helpful assets
— Started implementing Midgard connection

block42 Dev Report

Brokkr

— Add a Testnet Rune Faucet to the Brokkr App on Testnet.
— Add trading limitations (consider Funds Cap & Synth Cap).
— Add parent chain labels to the assets.
— Fix ERC20 dynamic decimals.
— Minor fixes on the UI.
— Minor fixes on the XDEFI integration.

You can follow Brokkr updates here:
Twitter: @Brokkrfinance
Telegram channel: https://t.me/brokkrfinance
Discord: discord.gg/YyHHH9jaD8

crstin — 11/22/2021

Weekly Update (11/1–11/22)

cluster-launcher
— Update digital ocean kubernetes cluster slug
— Update dependencies on Digital Ocean
— Update EKS module
— Update dependencies on AWS
— Update dependencies on Linode
— Hetzner bare metal [WIP]

THORmon DevOps
— Ingress config changes
— Fullnode management Frontend
— Integration new Testnet
— Chaosnet halt and restart Backend
— Integration new Testnet
— Chaosnet halt and restart

https://thorchain.network/