Dev Update #130-#132

THORChain Dev Update for Weeks 130–132, 31 Jan — 13 Feb; Milestone Update, Seed Unlock, THORGames Launch, Network & Community Updates

Summary

THORGames for Synth has started, plans for the Soft Cap removal and Kill Switch are being drawn up, ledger support for most chains has been added, new Node Operators are joining — the protocol is positioning for Mainnet. Milestones have been set, the netwok is steady, and while no network updates were released, the community has been busy!

Milestone Status Update

1. Terra Progress

• Few small issues remain around accounting for gas. (https://gitlab.com/thorchain/thornode/-/issues/1236)
• Greater testing coverage is being developed to give confidence.
• Accounting for the Terra soft fork

2. THORGames for Synths — currently live!

3. Soft Cap raised to 24M RUNE.

THORGames for Synths Launched

THORGames for Synths Round 1 started on 10th February (block 120,716) and will go for one week. This is a public Beta testing program for THORFi Synthetics with over a 10,000 RUNE Bounty budget. Full details at here.

Seed RUNE Unlock

Several seed investors in RUNE were approached to have their vested RUNE unlocked in order to run validators.

Extending from ‘All in on THORChain Security’ article, many investors have agreed to run Nodes. This supports the removal of the Soft Cap by increasing the Total Bonded.

Soft Cap Removal

The Soft Cap has been in place since the network started. It has enabled progressive relaxation of the guardrails used during Chaosnet. With the current maturity of the network and with more Node Operators coming online, soon this guardrail will no longer be required.

The Soft Cap will be removed with the Terra Launch, Terra will kill the soft cap! #TerraKillsTheCaps.

Kill Switch Update

With THORChain’s mainnet on the horizon, a plan to treat IOU tokens in the future, and a deadline to upgrade is being discussed by the community. No deadline has been set. See more information here.

Ledger Support Added

Ledger Support for $BTC, $DOGE,$LTC, $BCH was added to THORSwap, Ledger support for $ETH is coming. It is expected other exchanges will follow, giving more choice to users.

Next Milestones

1. Complete Testing of Terra in Stagenet
2. Complete THORGames for Synths
3. Launch Terra in Chaosnet
4. Launch Synths in Chaosnet
5. Removal of the Soft Cap

Background Activities

1. Hard Fork Testing — Documented disaster recovery plan to allow quick network recovery.
2. Upgrade Cosmos SDK to version 0.45
3. Adding new Validators, working towards the target of 100 Active Validators.

Want more information?

See more THORChain and Community News at https://www.runebase.org/ and https://medium.com/@THORNOOB

Network Updates

Increased TSS Signing

In a recent update, new logic was added so that any pool below MinRuneDepthForYggdrasil is kept on Asgard vaults. This allows a higher percentage of low-depth (low volume pools) to be on a single vault. This stops large outbound gas fees but increases the TSS Signing requirements on Node Operator.

No Network Changes.

Community Updates

THORNoob

THORChain Monthly Stats- January

• Total Value Locked (TVL)
• Total Liquidity in Pools
• $BTC, $ETH and deepest Stablecoin stats
• Monthly Active Users
• Total Swaps & Unique Swappers
• Total ILP Paid
• Active & Standby Node stats
• Deterministic $RUNE price

THORChain Community Recap Jan 16-Jan 31

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

The RUNEBase PodCasts

Insights and interviews on decentralized finance, THORChain, and the THORChain ecosystem. New episode each week.

Brokkr Dev Report

- Minor UI fixes

- Kicked-Off Thorchain Liquidity Providing integration

- Still working on:

- Thorguards NFT profile pictures

- End-to-End transaction tracking

You can follow Brokkr updates here:

Twitter: @Brokkrfinance

Telegram channel: https://t.me/brokkrfinance

Discord: https://discord.gg/2DkVsqdhRD

TRX1’s Weekly Dev Report (31.01.2022–06.02.2022)

THORChain Monitoring bot

• Node-Mimir basic support:

- Notification when Node-mimir voting passes or loses its effect

- Metrics/Network/Mimir menu: now Node-Mimir entries are marked with a special tag

- Interim results of Node-Mimir voting will be available under a new menu: Metrics/Network/Votings

• Slack integration

- Slack installation management code is embedded to the API application

• NodeOp settings frontend

- Appropriate default values for the alerts configuration

- Fixed a bug when saving settings

- Universal API URLs

• DevOps:

- Docker/Nginx/Certbot/Uvicorn configuration for WebAPI

- Makefile got a couple of new commands: a certificate generation command and a frontend assembly command

- Successfully deployed NodeOp settings to the test server

Next week:

• Slack: generation of URL for editing the settings

• Slack: forwarding NodeOp alerts to the channel

• [Possibly] Node-mimir voting progress

TRX1’s Weekly Dev Report (07.02.2022–13.02.2022)

THORChain Monitoring bot

• Slack:

- The app is divided into test and live apps

- Added a command for generating a link to the settings web page

- Universal workflow for forwarding messages to all supported messengers

- Better message formatting, solved issues with newlines and link unfurling

- Fixed an error in message sending code

• NodeOp tools:

- Improved block height tracker

- Stuff for simulating node events to test specific notification types

- Fixed bug: loading notification settings from a proper place

- WebUI: discrete sliders

• Working on DB storage optimization by trimming old no longer useful data

• Slack support and NodeOp tools integration were deployed to the test server

As of today, I am on planned vacation.

In the next two weeks you probably won’t see updates from me here except for fixing critical bugs

Bridge Status

Current focus is completing Terra in Stagenet. The following are on the radar:

• Decred — Under Review — https://gitlab.com/thorchain/thornode/-/merge_requests/2012 and https://github.com/asgardex/thorchain_explorer/pull/73
• Dash — Under Review — https://gitlab.com/thorchain/thornode/-/merge_requests/1931 and https://gitlab.com/thorchain/devops/node-launcher/-/merge_requests/361
• ZCash — Under Development.
• Haven — Planned — https://twitter.com/THORChain/status/1484365099016286209

On the Horizon

• Solana — https://gitlab.com/thorchain/thornode/-/merge_requests/1514
• Monero —
• https://gitlab.com/thorchain/tss/go-tss/-/tree/moneroTss, https://gitlab.com/thorchain/tss/monero-sign, https://gitlab.com/thorchain/tss/monero-wallet-rpc

More details to follow when Terra is in Chaosnet, no ETA.

Want to see bridges built quicker, get involved on our Discord Server!

THORChain Community

To keep up to date with the project, please monitor community channels, particularly Telegram, Discord and Twitter:

• Twitter: https://twitter.com/thorchain_org
• Telegram Community: https://t.me/thorchain_org
• Telegram Announcements: https://t.me/thorchain
• Discord: https://discord.gg/V6pNp8A
• Reddit: https://reddit.com/r/thorchain
• Github: https://github.com/thorchain
• Medium: https://medium.com/thorchain