Weekly Update on Community, Ecosystem & Dev #13: THORChain

This article covers:

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

TLDR (14-points)

1. V0.72.0 was released on ChaosNet
2. Node churn likely in upcoming week
3. Liquidity cap was raised by 5 million $RUNE
4. THORChain shares upcoming milestones
5. Ecosystem page in docs
6. THORChain Monthly Stats were published
7. THORSwap launched $THOR token and 3 staking programs
8. XDEFI Wallet to launch its IDO on MISO (Sushiswap) on 10th November.
9. XDEFI x Terra Integration
10. Rango has a public API available now (beta version)
11. DefiSpot Web App to launch on December 1st. #DefiChads Utility NFTs sneak-peek.
12. THORGuards gave more info on their IDO
13. Registration for THORGuards are live
14. Shapeshift’s $FOX and THORSwap’s $THOR pool are live on THORChain

⚡Notable Gitlab Issues

• V0.72.0 was released on ChaosNet: https://gitlab.com/thorchain/devops/node-launcher/-/merge_requests/360

• More discussions on Vault Nodes (previously Lite Nodes): https://gitlab.com/thorchain/thornode/-/issues/1150

Proposal up for community review.

• More ERC20 assets to be whitelisted soon: https://gitlab.com/thorchain/thornode/-/merge_requests/1982 & https://gitlab.com/thorchain/thornode/-/issues/1151

Request include whitelisting of $stETH, $SHIB, $OHM, $WBTC, $LINK, $MATIC, $UNI, $MANA, $WLUNA, $WUST, $AXS, $DAI, & $MKR for their own pools.

⚡General Questions About:

Q. Why are ETH fees so high on THORChain?

A. THORChain charges 3x outbound fee to process the txns faster. These constants can be changed if required.

Q. When Node churn?

A. Node churn is expected in upcoming week

⚡Feedbacks & Suggestions

• Better communicate what Treasury is going to do. “What”, “When” and “How much” should be made public well-beforehand.

⚡Notable Work

• Liquidity cap was raised by 5 million $RUNE recently (50%). Fund cap has already reached 90%+.
• THORChain shares upcoming milestones with the community: https://twitter.com/THORChain/status/1456510750562799616

• An “Ecosystem” page is now live on THORChain docs: https://docs.thorchain.org/ecosystem
• #ZCASH $ZEC integration grant has been approved: https://twitter.com/ZcashFoundation/status/1456024020357373960

Privacy coins on THORChain soon.

• More info on THORChain Treasury Management in the image attached:

• Coinbureau covered THORChain is his latest video: https://twitter.com/coinbureau/status/1453749392566063111?s=20
• THORChain Monthly Stats: https://twitter.com/THORNoobs/status/1457065899072974851?s=20
• $BTC pool crossed 600+ Bitcoin liquidity (10.58% APY atm), and $ETH pool crossed 6,000+ Ethereum liquidity (12.33% APY atm).

Both pools have crossed 1200+ liquidity providers.

• A self-updating google doc which covers Pool churn, mimir data and such: https://docs.google.com/spreadsheets/d/1mc1mBBExGxtI5a85niijHhle5EtXoTR_S5Ihx808_tM/edit#gid=980980229
• Chad Barraford’s interview on Runebase: https://twitter.com/runebase_org/status/1454096358311436296?s=20
• Limited 150 #RAISETHECAPS hat up for sale: https://twitter.com/SXJU_100K/status/1455945104271753228?s=20

• Sonya organised a #THORChainFamilyPortrait NFT giveaway: https://twitter.com/xSonyaD/status/1451109027048566787?s=20

• Nice tool which breaks down the fee incurred in a txn: https://swapalyzer.ofthor.com/
• Great graphic work from CryptoSam: https://twitter.com/iCryptoSam/status/1454416412848660486?s=20

⚡Ecosystem Updates

A) THORSwap

• THORSwap Finance launched $THOR token on THORChain ($THOR-$RUNE pool) and Sushiswap ($THOR-$ETH pool).
• A little mismanagement on the THORChain IDO, but rectification plans are already out: https://twitter.com/THORSwap/status/1456372948160458755?s=20

Explanation from Chad Barraford: https://twitter.com/runebase_org/status/1456083973042491392?s=20

Summary from THORNoobs: https://twitter.com/THORNoobs/status/1456577464222818304?s=20

• THORSwap has launched staking programs with 1000+ APY for:
  - $THOR staking
  - $THOR-$ETH Sushiswap pool
  - $THOR-$RUNE Thorchain pool

https://twitter.com/THORSwap/status/1456628607934160902?s=20

• List of products being built by THORSwap team: https://twitter.com/THORSwap/status/1454439576286674946?s=20
• A 1inch vs THORSwap comparision from FOMOCraft team: https://twitter.com/FOMOcraft/status/1455216253417574404?s=20
• Few Tweet threads from THORNoobs explaining THORSwap’s Roadmap, $THOR utility and more: https://twitter.com/THORNoobs/status/1455110901745405952?s=20
• UI feedback from AkuRypto: https://twitter.com/AkuRypto/status/1455161977823760387?s=20

B) XDEFI Wallet

• XDEFI Wallet is doing their $XDEFI IDO on MISO(Sushiswap’s Launchpad). Details: https://xdefi-io.medium.com/how-to-participate-in-the-xdefi-ido-on-miso-b49f0edb2766

Breakdown of $XDEFI IDO by THORNoobs: https://twitter.com/THORNoobs/status/1457333526370521093?s=20

• XDEFI Wallet has integrated Terra in their wallet: https://twitter.com/xdefi_wallet/status/1453725054789816329?s=20

Users can now manage CW20 tokens and interact with Terra dApps.

• A $XDEFI liquidity mining program in collaboration with Pylon protocol. Also working with Anchor Protocol and Orion money for integration “within” the wallet: https://twitter.com/xdefi_wallet/status/1453725059755896853?s=20
• TerraSwap x XDEFI Wallet integration announcement: https://twitter.com/xdefi_wallet/status/1456540785906753549
• Emile, CEO of XDEFI Wallet, had few interviews/AMA this week:
  - AMA with CEO of Terraform Labs, DoKwon: https://twitter.com/xdefi_wallet/status/1455113332256616453?s=20
  - Altcoin Daily: https://www.youtube.com/watch?v=xcW10nLUo4k
  - Sushiswap’s #MISO AMA: https://www.youtube.com/watch?v=SKksHBRkCvA

C) BrokkrFinance

• Brokkr published an article on “6 benefits of THORChain Synths”: https://brokkrfinance.medium.com/6-benefits-of-thorchain-synthetics-bfdacebb3854

TLDR here: https://twitter.com/BrokkrFinance/status/1454073848245235715?s=20

Interestingly, the synths will be automatically compounded when locked in vaults, for a fixed-interest yield (~20% APY).

D) Rango Exchange

• Rango x Sifchain Integration: https://twitter.com/RangoExchange/status/1455256171363901450?s=20
• Rango’s 5th Bi-weekly report, covering recent integrations, Public API and more: https://twitter.com/RangoExchange/status/1455919761435594760?s=20
• An example on how new projects can access cross-chain liquidity easily through Rango Exchange: https://twitter.com/RangoExchange/status/1456606346267201551?s=20
• BarterTown covers Rango Exchange in his latest youtube video: https://twitter.com/RangoExchange/status/1457030448694104070?s=20

E) DefiSpot

• DefiSpot’s founder shares timeline for upcoming products- Web App on Dec 1st, and Mobile App, Desktop App and Non-Custodial Wallet by Feb: https://twitter.com/Crypto_Euphoria/status/1457126518707138560?s=20
• DefiSpot’s utility NFTs will launch on Solana. #DefiChads: https://twitter.com/Defi_Chads/status/1456280308144381955?s=20

• DefiSpot has received a $500K investment from THORChain Treasury: https://twitter.com/THORChain/status/1453574884026576896?s=20
• DefiSpot team is looking for content writers: https://twitter.com/Crypto_Euphoria/status/1456609635700457483?s=20

F) THORWALLET

• THORWallet gave an upate on their upcoming IDO: https://twitter.com/ThorWallet/status/1456206359356231686?s=20
• New app testflight version: https://twitter.com/ThorWallet/status/1454864121627807747?s=20
• THORWallet is hiring senior react native developer: https://twitter.com/ThorWallet/status/1455582506493915137?s=20
• THORWallet AMA with BlackDragon: https://twitter.com/BlackDragon_io/status/1455512068409499648?s=20
• Marcel, Co-founder of THORWallet, spoke at #CVC21 event: https://twitter.com/thecryptovalley/status/1454098555359145993?s=20

G) THORGuards

• THORGuards NFTs are coming. If you want to register for a NFT, register here: https://twitter.com/ThorGuards/status/1457046102109081605?s=20
• THORGuards Allocation Booster Program: https://twitter.com/ThorGuards/status/1456320000449343488?s=20
• Great thread on THORGuards NFT utility from TehSlaw: https://twitter.com/TehSlaw/status/1455162098921639939?s=20
• An Ecosystem-wide Easter-Egg Hunt event: https://twitter.com/ThorGuards/status/1453768679242416128?s=20
• “THORGuards x THORSwap” partnership: https://twitter.com/ThorGuards/status/1454191061065035781?s=20
• Owning THORGuard will act as “GuardPass” in ecosystem projects, providing various utilities. One of them being $BRO airdrop at IDO: https://twitter.com/ThorGuards/status/1453791423849848835?s=20
• Discord contributors can also get whitelisted for THORGuards pre-sale: https://twitter.com/ThorGuards/status/1456710805689229313?s=20

H) ShapeShift

• Shapeshift’s token $FOX was listed on THORChain: https://twitter.com/ShapeShift_io/status/1456040814178615296?s=20

I) ASGARDEX

• ASGARDEX V0.5.0 is out: https://twitter.com/asgardex/status/1454894751459725318?s=20

J) SKALD

THORChain[.]org Desktop Framework gets a new look: https://twitter.com/SKALDcamp/status/1453441317376233473?s=20

K) THORYield

• THORYield on App store by Christmas: https://twitter.com/THORYieldApp/status/1454859993975607296?s=20

⚡Ecosystem Dev Updates

TRX1’s Weekly Dev Report (25/10–31/10)

aiothornode v.0.0.21
■ Hotfix! Port 1317 has been disabled to a great regret. So the library started using the public THORNode API.

THORChain Monitoring bot
■ Hotfix! Library aiothornode v.0.0.21 integration
■ Mimir and constants:
■ The method of downloading data has become more reliable, making several attempts in case of failure
■ Added breakdown of a long message into blocks
■ Added previous values of constants rewritten by Mimir
■ A few localization text’s changes

Chaosnet leaderboard (https://leaderboard.thornode.org/)
■ The website has been revived!
■ API compatibility has been achieved
■ Fixed an error in counting transactions with many exits

Note: it is still syncing as I write this update

Crstin Weekly Update (10/25–10/31)

node-launcher
— midgard-disabled-default
tests

cluster-launcher
- Hetzner bare metal [WIP]

THORmon

DevOps
- Update deployments
- Maintenance and adjustments

Frontend
- Move chain calculations to backend
- Move timing calculations to backend
- Reflect API changes on health checks

Backend
- Cleanup and env adjustments
- Update production image tag
- Update Makefile
- Disable CORS in development
- Remove prepare_nodes method
- Improve method naming
- Remove timestamp method
- Refactor fetch logs
- Remove unnecessary health checks
- Add chains and bond calculations
- Refactor contexts
- Add timing calculations
- Fix deprecations, update and manage dependencies

Chris GRC

https://docs.thorchain.org/ecosystem
Updated from community Mods input — let me know if there is anything missing or to be added. Community is looking very strong!

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