Weekly Community Recap #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 ( 16-Points)

1. V0.75 was released on ChaosNet.
2. THORChain did Vault Sharding. A huge milestone for scaling the protocol.
3. THORChain Liquidity Providers earning high APR.
4. Cap Raise expected next week
5. ELI5 on THORChain Synths from BrokkrFinance.
6. Trust Wallet is working on integrating THORChain in their app.
7. THORChain reached 1 million txns on ChaosNet
8. GrassrootsCrypto published a THORChain educational youtube video.
9. NFT giveaway collaboration with “Little Big Band”.
10. Entry of a new multi-chain Mobile App- FerzWallet.
11. Rango Exchange minted their CW20 $RANGO token.
12. THORWallet IDO Phase 2 in mid-December.
13. THORSwap published their Roadmap Update.
14. XDEFI Wallet announced their upcoming milestones.
15. Dragons’ Dex released their Mobile App on iOS and Android.
16. THORChadsDAO announced “automatic whitelisting” feature.

⚡Notable Gitlab Issues

• ChaosNet V0.75 was released: https://gitlab.com/thorchain/devops/node-launcher/-/merge_requests/377

• Balance Check Warning before a node leaves their Yggdrasil Vault: https://gitlab.com/thorchain/devops/node-launcher/-/issues/57
• Add mimir command to switch on/off the ILP per pool: https://gitlab.com/thorchain/thornode/-/issues/1177
• Some BEP2 txns were dropped during the consensus failure, they are included now: https://gitlab.com/thorchain/thornode/-/issues/1175

• ILP % Eligibility based on the Fees Earned by the Pool: https://gitlab.com/thorchain/thornode/-/issues/1171
• Whitelist $TOKE token: https://gitlab.com/thorchain/thornode/-/merge_requests/2011

⚡General Questions About:

Q. THORChain Mainnet by Christmas?

A. May or may not. All depends on the progress and Mainnet can happen in Q1 2022 too. Please don’t take estimates as deadline.

Q. Why BEP-2 RUNE price is 10–20% higher than Native RUNE?

A. There is no 2-way bridge available. Thus no proper arbitrage channel leading to such difference.

⚡Feedbacks & Suggestions

• Most feedbacks were related to UI. Forwarded to relevant community teams accordingly.

⚡Notable Work

• THORChain did a Vault Shard which is a big milestone(scaling). Here is an thread on THORChain vaults and sharding: https://twitter.com/THORChain/status/1465610619529281541
• Cap Raise expected in upcoming week: https://twitter.com/TheRuneRanger/status/1466810082096730118?s=20
• Liquidity providers are earning high APR. “A MUST READ” for all: https://twitter.com/THORSwap/status/1466657635525185542?s=20
• ELI5 on THORChain Synths from Brokkr: https://twitter.com/BrokkrFinance/status/1466393548077555719

• THORChain reached 1 million transactions on ChaosNet: https://twitter.com/anthonybayss/status/1466242031861190657?s=20
• Trust Wallet is working on integration THORChain swaps in their app: https://twitter.com/0xSmith/status/1466379113858576389
  Issue Link: https://github.com/trustwallet/wallet-core/pull/1371

• GrassRoots Crypto covered THORChain Liquidity Caps, Vault Sharding, Roadmap and more in a new youtube video: https://www.youtube.com/watch?v=KoSAfVtsaYc
• 5 interesting THORChain ecosystem news: https://twitter.com/THORNoobs/status/1465406277211680771?s=20
• A unique NFT by “Little Big Band” was given away to the THORChain community: https://twitter.com/THORChain/status/1464732816906719232?s=20
• Entry of a new team working on a multi-chain Mobile App, FerzWallet: https://twitter.com/THORChain/status/1464151901222494209?s=20
• Decentralfi team is working on building an all-in-one platform for THORChain users: https://decentralfi.medium.com/thor-odin-dev-update-7-6abd16314102

Quick overview from us: https://twitter.com/THORNOOBs/status/1466876193949421571

⚡Ecosystem Updates

A) Brokkr Finance

• Brokkr Finance published an explanatory blog on THORChain Synths. A must read for users: https://twitter.com/BrokkrFinance/status/1466393548077555719
• $BRO will be a CW20 token on Terra Blockchain: https://twitter.com/THORNOOBs/status/1463855453784342531?s=20

B) Rango Exchange

• Rango shared their Monthly Report with lots of Alpha on Integrations (Paraswap, Anyswap, Avalanche etc): https://twitter.com/RangoExchange/status/1464330021653331968?s=20

Quick Overview from us: https://twitter.com/THORNOOBs/status/1465406284216221700?s=20

• Rango also had their CW20 $RANGO Token Generation Event on Thanksgiving: https://finder.terra.money/columbus-4/address/terra1jsaghv4tsltlk4ka6u3pg0msccdz0xsz0vkhcg
• Rango Exchange distributed their 2nd affiliate payment: https://twitter.com/RangoExchange/status/1466433260016263168?s=20
• A Youtube review video on Rango Exchange from LiteLiger: https://twitter.com/LigerLite/status/1465411401103597572

C) THORWallet

• THORWallet IDO Phase 2 is expected in mid-December: https://twitter.com/ThorWallet/status/1466809673538056199?s=20
• Great Beginner’s Thread on THORWallet from LearnTHORChain: https://twitter.com/LearnTHORChain/status/1465190977174339584?s=20

D) THORSwap

• Great thread on APY of THORChain Liquidity Providers (A Must Read): https://twitter.com/THORSwap/status/1466657628411494400?s=20
• THORSwap published a Roadmap Update: https://thorswap.medium.com/thorswap-roadmap-update-q4-2021-1232119c31a7
• THORSwap is looking for Devs: https://twitter.com/THORSwap/status/1463526729188884492?s=20
• Now watch status of Pending Outbound Txns in THORSwap’s new tool: https://twitter.com/THORSwap/status/1465386871639396364?s=20
• The THORChain Treasury will provide liquidity in $THOR:$RUNE pool soon: https://twitter.com/THORChain/status/1464054761578061825?s=20

E) XDEFI Wallet

• XDEFI Wallet announces their upcoming milestones: https://twitter.com/xdefi_wallet/status/1466082079368794112?s=20
• XDEFI Wallet has created a voting proposal to create 3 Pylon Protocol pools: https://twitter.com/xdefi_wallet/status/1466773129288691715?s=20
• Terra NFTs on XDEFI Wallet soon: https://twitter.com/Bitcoin_Sage/status/1466702905122213890?s=20
• Emile’s(CEO of XDEFI) interview with Cryptoslate: https://twitter.com/xdefi_wallet/status/1466082079368794112?s=20
• Defiprime listed XDEFI Wallet: https://twitter.com/defiprime/status/1465357643850125315?s=20
• $XDEFI got listed on Bitrue Exchange: https://twitter.com/xdefi_wallet/status/1465632214054543369?s=20

F) DefiSpot

• DefiSpot shared sneak-peeks of their upcoming platform: https://twitter.com/Defi_Spot/status/1463545591674413058?s=20

An article on DefiSpot is to be released soon from our side.

G) Dragons’ Dex

• Dragons’ Dex have released their Mobile App on iOS and Android: https://twitter.com/DragonsDex/status/1465395643552305157

H) THORGuards

• THORGuards Mint Summary from FlipsideCrypto: https://twitter.com/flipsidecrypto/status/1465485735629258754

I) THORChadsDAO

• THORChadsDAO have introduced automatic whitelisting. Whitelist your address once to be eligible for all future events: https://twitter.com/THORChadsDAO/status/1465366305968644096
• The Trophy NFT giveaway is going to happen on Dec 6th: https://twitter.com/THORSwap/status/1466639276951490562?s=20

J) THORYield

• THORYield V2 was released with various additions and improvements: https://twitter.com/THORSwap/status/1465702398039519240?s=20

⚡Weekly Dev Discord Updates

Decentralfi.io THOR.ODIN Dev-Update #7

In a few words:

1. Swap/Add/Withdraw/Pending txn /Send
2. Testnet and Chaosnet on production.
3. Liquidity Tracking App
4. Slippy, Slippage protection bot.
5. Arby, Arbitrage Bot
6. Bug sweep
7. Dashboards 2.0 teaser
8. Network State

For full update please make sure to visit our medium post: https://decentralfi.medium.com/thor-odin-dev-update-7-6abd16314102

Inspired by ThorNoob’s summary.

TRX1’s Weekly Dev Report (22/11–28/11)

THORChain Monitoring bot

• New type of notification: THORChain block production is too fast/slow
  • Metrics menu: THORChain block speed chart
  • NodeOp tools: Russian localization for alerts
  • Some minor changes in the bot’s texts
  • Internal: bi-stable trigger has been rewritten, bug fixes, more tests

Work in progress:
• Pool summary and rankings by APY, volume, depth

GrassRoots Crypto Update

Back to making videos, two recently released.

Videos Planned
1. Blockchains and Tokens updated
2. How to access Synths

GrassRoots Crypto

Freki Dev Updates (11.11–30.11)

Midgard

• dump tool: store block messages from thornode locally https://gitlab.com/thorchain/midgard/-/commit/d017de82bde7aa997c2126ceb15fe1ff34183883
• block store: zstd compressed dumps https://gitlab.com/thorchain/midgard/-/commit/e2552db5998c133afdcbc904a7fb31bccd15813d
• block store: batched dumps, batch sizing https://gitlab.com/thorchain/midgard/-/commit/18371c6024e469429630bd6ec7a9309493750afe
• block store: sequential and random access support https://gitlab.com/thorchain/midgard/-/commit/4af171708bcdd4304a8d538f715d0bb7e498b403
• build: midgard is built now with golang:1.16-alpine for better cgo support https://gitlab.com/thorchain/midgard/-/commit/a45b92fce8cb176f760b75c4174950ce5d4f2163

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

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

Medium: THORNOOB — Medium

Youtube: THORNoob — YouTube

Twitter: https://twitter.com/THORNOOBs