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THORChain Ecosystem Update

The bear market is where things are built.

THORChain Author
THORChain
8 min readOct 21, 2022

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THORChain’s Ecosystem — Credit @DefiTheorycraft

THORChain is an open-source project, and its treasury funds several open-source projects that benefit THORChain and its users. This article will shine a light on the open-source projects, the community events that have taken place over the last few months and other community updates.

Funding requests are available at the start of each quarter for developers who wish to contribute and improve THORChain. Interested parties can contact the treasury or submit a proposal in the #monthly-bills channel in the THORChain Developer Discord.

The Treasury is currently interested in funding a full time senior Golang/Blockchain developer to maintain Midgard starting Q4’2022.

Open Source Development Efforts

THORNode (Core Network updates)

https://gitlab.com/thorchain/thornode/

New

* feature merged — undergoing testing, not yet active

XChainjs

https://github.com/xchainjs/xchainjs-lib

Over the last few months, the thorchain-query and the thorchain-amm packages were created allowing easy integration with THORChain without having to learn the complexities. All new documentation with replit code examples has also been created. Reach out if you are interested in assisting with the development of this initiative.

New

Fixes

In Progress

Midgard

https://gitlab.com/thorchain/midgard

The Treasury is currently interested in funding a full time senior Golang/Blockchain developer to maintain Midgard starting Q4’2022.

THORNode Network

Important network dashboard https://thornode.network

https://github.com/thorchain/thornode-network

  • Removed LUNA Chain
  • Added GAIA (CosmosHub) Chain
  • Added bad validator line

AsgardEx Desktop

Latest Version: https://github.com/thorchain/asgardex-electron

Download Statistics: https://veado.github.io/asgardex-stats/

A great, powerful and free wallet and THORChain interface.

New

Fixes

In Progress:

  • Synthetic asset support
  • Avalanche support
  • Ledger support for Avalanche
  • Website

Feature list at https://github.com/thorchain/asgardex-electron#feature-list

THORChain Network Explorer

https://thorchain.net

  • Added Thorname search
  • Added Thorname addresses show on address page
  • Added synth volume swap to dashboard page widget
  • Added historical APR charts
  • Improved nodes page
  • Improved Pool Depth & Volume chart
  • Improved address page UI
  • Added Rune Price chart with volume
  • Enhanced insight page navigation
  • Added mimir voting chart overview

THORChain Monitoring Bot

https://github.com/tirinox/thorchainmonitorbot

https://t.me/thorchain_alert, https://t.me/thor_infobot

https://twitter.com/thor_infobot

  • Added names for well known addresses (modules, exchanges, vesting wallets)
  • Added note to each transfer (“Send”, “Deposit”, etc)
  • Added transaction links to viewblock.io explorer
  • Added minimum alert threshold
  • Large RUNE transfers public alerts
  • Include burned RUNE amount with large upgrade alerts
  • Personal wallet balance change notifications
  • Added THORName support
  • Added AVAX support
  • Various bug fixes and improvements

In progress:

  • DEX Aggregator support

THORViz (beta)

https://tirinox.github.io

  • Added node details
  • Added geographic visualization
  • Released Beta application

Vordr Node Monitor

https://github.com/sourcapital/vordr

A new community-created monitoring application for THORNodes

Features

  • Released product
  • All chains are monitored for Health and Sync Status every minute
  • THORChain version is monitored every minute
  • Kubernetes pod restarts are monitored every 5 minutes
  • Kubernetes pod disk usage is monitored every hour
  • Kubernetes pod logs of all chains are aggregated
  • Slash points are monitored every minute
  • Jailing is monitored every minute

Roadmap

  • Add Telegram, Slack, PagerDuty, etc. for alerts
  • Integrate upcoming chains
  • Add additional checks and alerts
  • Community wants/needs

Reminder: Use caution. Always remain vigilant and fully review the source code of third-party applications running in the same context as your THORNode or the workstation used to administrate. Never blindly trust an application, especially if it is specifically designed for THORNode operators.

Flipside Crypto

https://flipsidecrypto.xyz/discover/dashboards?project=THORChain

Community Bounties and Analytics Dashboards

Top Q3 Flipside Dashboards

THORChain Media

As THORChain does not have a media department the treasury has a small budget for the creation of posts, spaces and educational content, in conjunction with Nine Realms.

THORChain Medium Posts:

LP University Media

https://liquidityprovider.university/

https://discord.gg/c4EhDZdFMA

THORChain Twitter Space Recordings:

Consensus 2022 Conference Videos:

June 2022, Austin, Texas

THORSwap Media:

THORWallet Media:

GrassRoots Crypto

https://www.youtube.com/c/grassrootscrypto

Other Ecosystem Developments

The THORChain community is more than community-run open source developments. The following closed-source projects create products using THORChain and have released significant updates over the last several months.:

THORSwap

Cross-Chain Decentralized Exchange
https://thorswap.finance

Upcoming:

  • Avalanche C-Chain DEX Aggregator

THORWallet

Multichain Mobile Wallet & Decentralized Exchange

https://thorwallet.org

Upcoming:

  • Integrating Lending & Borrowing with our partner zkFinance
  • More on/off ramp possibilities
  • Fully redesigned Mobile and WebApp

XDEFI Wallet

Multichain Browser Extension Wallet & Decentralized Exchange

https://xdefi.io

  • Added Terra v2
  • Added Fantom
  • Added Arbitrum
  • Added Solana

In Progress:

  • DEX/Bridge Aggregator
  • NEAR, AURORA, TRX, ATOM, OSMO

Defispot

Cross-Chain Decentralized Exchange

https://defispot.com

  • Integrated ATOM and AVAX via THORChain
  • Updated website
  • Updated portfolio interface

In Progress:

  • SOL, ETH, AVAX aggregators
  • Mobile app
  • Whitepaper

Rango Exchange

Cross-Chain DEX Aggregator
https://rango.exchange

  • Integrated THORChain ETH DEX Aggregator
  • Integrated ATOM and AVAX swaps via THORChain
  • Integrated Coin98 Wallet
  • Integrated Evmos
  • Integration with THORWallet

Shapeshift

Cross-Chain Exchange & DAO

https://shapeshift.com/

  • Integrated THORChain as swap provider
  • Launched v3.0 Android and iOS app

Edge Wallet

Multichain Mobile Wallet & Exchange

https://edge.app

  • Integrated THORChain as swap provider

Lends

Cross-Chain Decentralized Exchange (upcoming lending protocol)

https://lends.so

  • Launched DEX Interface
  • Added ATOM and AVAX support via THORChain
  • Rebranded from Lendscape

Decentralfi

Cross-Chain Decentralized Exchange

https://decentralfi.io/

  • Liquidity Dashboard: accumulated fees now visible.
  • Swap/Add/Withdraw/Send: has been tested thoroughly, working on AVAX and ATOM integration. We still offer $0 exchange fees swaps.
  • Mint/Burn, implemented and working now.
  • Swap-out/ Aggregator: Working on integrating directly and with Rango exchange.
  • Pending Transactions and History txn display greatly improved.
  • Affiliate fee analysis Tool: Created an API to analyze transactions with an Affiliate fee associated with it. With a look up function by Wallet or Thorname. Reach out if your an interface and want your Stats.
  • We surpassed 1 Million $ in volume swapped on our platform.
  • Last for best: Slippy the bot, our first functioning bot, live now. Just swap regularly if we calculate that we can save you money on a swap we will offer users the option to use Slippy, by splitting transactions we can offer a much better slippage to our users. We only charge a percentage of money saved. On large swaps you can save thousands of dollars. Recommended wallet type keystore. Xdefi works well, that being said, each transaction has to be approved. Some swaps can have over 50 transactions.
  • Example of a $100k trade with slippy activated saving over 1 thousand usd for the user.
  • Here another $100k one with shallower pool BUSD-> USDT over $7k saved for the user.

THORChain Community

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

Latest AsgardEx Open Source THORChain Interface: https://github.com/thorchain/asgardex-electron/releases/

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THORChain Author
THORChain

Written by THORChain Author

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