In this series, LPU aims to give regular condensed “state of THORChain” updates. Enjoy! 1. Ethereum Chain Halt On 1-Oct, Ethereum chain was auto-halted by solvency checker, likely due to Asgard double spend during gas volatility and large outbound queue. Ethereum chain was restarted around eight hours later. 2. Large…

Introduction To celebrate Kujira as Maya Protocol’s fifth chain integration (https://x.com/Maya_Protocol/status/1712256294806041042), we’d like to provide our community with some information about Kujira, its blockchain, and its ecosystem. Kujira actually started as a project and token on the original Terra chain (now Terra Classic) in 2021. With Terra’s collapse in mid-2022…

Introduction Maya Protocol is a friendly fork of THORChain and holds a complementary mission to its brethren, albeit with some notable design distinctions (to be discussed below). …

In this series, LPU aims to give regular condensed “state of THORChain” updates. Enjoy! 1. Binance Smart Chain (BSC) Launched On 10-Sep, BSC Asgard Vaults were created. On 16-Sep, with some minor bug fixes and enabling of the router for BSC, the backend was fully ready (including Synths & Savers). …

THORChain’s Synthetic Assets (or Synths) were launched in Mar-2022 (https://medium.com/thorchain/activation-of-synthetics-5064e0f43301). Derived Assets forms the basis of Lending, which was launched in Aug-2023 (https://medium.com/thorchain/lending-on-thorchain-646bbf2e6e1b). Let’s learn more about them here. Synthetic Assets Synths are assets on THORChain’s blockchain, backed by their respective liquidity pool (LP). Every unit of a Synth (e.g…

THORChain, being built with the Cosmos SDK Tendermint Byzantine Fault Tolerant (BFT) design, is a sovereign Proof of Stake (PoS) blockchain, but with its own unique twist. Node Count First of all, any blockchain needs validating nodes to validate transactions, and to create and append blocks. In a BFT blockchain…

A look at THORChain caps. Hard Cap The hard cap is a security measure to ensure nodes are always bonding more than they secure. Specifically, it is the total bonded RUNE of the lowest 67% of active nodes. To elaborate, each active node may be bonding different amounts of RUNE…

In this series, LPU aims to give regular condensed “state of THORChain” updates. Enjoy! 1. Savers Yield Adjustment On 27-Jul, a node vote was started to further adjust Savers Yield. The proposal was implemented three days later after receiving no dissenting votes. 2. Savers and POL for Stablecoin Pools On…

With the advent of Streaming Swaps, let’s take a closer look at the fees and slippage when making a swap on THORChain. First, a recap on THORChain’s fees: there are inbound, outbound, affiliate and slippage fees. The first three are well-explained in our previous article. …