THORNode ⏱ (1 week stability)
Midgard ⏱ (pending some fixes)
Web Interface(s) ✅
Desktop Interface ✅
Midgard: https://testnet.midgard.thorchain.info/v2/doc
THORNode: https://testnet.thornode.thorchain.info/thorchain/doc/
RPC: https://testnet.rpc.thorchain.info(https://cosmos.network/rpc/v0.37.9)
Seed Service: https://testnet.seed.thorchain.info
Midgard: https://midgard.thorchain.info/v2/doc
THORNode: https://thornode.thorchain.info/thorchain/doc/
RPC: https://rpc.thorchain.info(https://cosmos.network/rpc/v0.37.9)
Seed Service: https://seed.thorchain.info
Fixes include an ability to make a deposit TX without needing any assets, some renaming on event attributes to help with Midgard, and some bug fixes around fees on staged pools. A new feature is the ability to track pending
amounts on vaults, so solvency apps can be built to monitor any discrepancies.
THORNode ⏱ (pending public MCTN + 1 week stability)
Midgard ⏱ (pending some fixes)
Web Interface ✅
Desktop Interface ✅
THORChain is now a GasPrice Oracle — allowing the on-chain gasRate of every connected chain to be queried by the Inbound Addresses endpoint. All are gasRates
so the user will need to work out their transaction size, with the final gasAmount = txSize * gasRate
. Importantly:
txSize = 1
The treasury is at $108m, sufficient for the roadmap. Community grants can be allocated.
The Protocol Reserves total 198,088,988.00 RUNE, worth $1.2bn. These are allocated for Chaosnet & Mainnet emissions, as well as community campaigns.
Planned Obsolescence is set for July 2022.
The treasury comprises of $22m USD liquid and $85m in RUNE, total of $108m.
These funds are spent on protocol development, technical costs and community grants. The treasury has increased partly due to the rise in value of currencies. The team will look for more ways to discharge the treasury into the ecosystem.
Around $22m has been deployed…
THORChain is a cross-chain liquidity protocol. There are three layers to it:
Importantly, users do not talk directly to THORNodes, they query Midgard to display data, then broadcast transactions via third-party nodes to external chains. THORNodes then respond to these transactions.
This means, anyone can simply interact with THORChain simply by broadcasting a transaction on a connected chain. Interfaces are simply mechanisms for building transactions and displaying data. …
THORNode ⏱ (pending public MCTN + 1 week stability
Midgard ⏱ (pending some fixes)
Web Interface ✅
Desktop Interface ✅
Chaosnet Node operators sometimes get 300 slash points because they fail to send yggdrasil fund, and after that, bifrost consistently fail to send outbound transaction and cause node operator to accumulate large amount slash points until they restart bifrost. In this release apply a hard timeout (5 minutes) for keysign, if it take longer than that, bifrost will panic, and then it will be recreated by k8s cluster. This will make it self heal.
PR: https://gitlab.com/thorchain/thornode/-/merge_requests/1561
Midgard: https://testnet.midgard.thorchain.info/v2/doc
THORNode: https://testnet.thornode.thorchain.info/thorchain/doc/
The last multichain testnet was shutdown and relaunched after a significant bug on the Ethereum chain caused the vaults to go partially insolvent, as well as several other compounded issues. The chain also needed a hard fork to get the latest asset naming conventions included. The chain *could* have been recovered, but the team decided for a clean start since maintaining versioning code creates additional entropy.
The team are internally testing the newest multichain testnet until it is stable, then will invite public nodes again. If this testnet is proven to be stable, it will be taken to chaosnet. …
The project continues to work to stabilise Multichain Testnet and prepare Midgard and Interfaces to be ready for Chaosnet. Several releases were made to address bugs. Chaosnet will be deployed once testnet is stable and interfaces are ready, which is still 2–3 weeks away.
As bugs are found on Testnet, they are deployed rapidly via the upgrade process, the following four releases:
1. Fix the bug in generating hash id for tss_keysign message and tss_keygen message (https://gitlab.com/thorchain/thornode/-/merge_requests/1522)
2. Allow the network to ban a standby node (https://gitlab.com/thorchain/thornode/-/merge_requests/1520)
1. [FIX] ETH chain when reorg happen , it use eth_getTransactionReceipt to check…
The team had to deal with a hard fork and a zombie node. Several improvements were made to the protocol out of the event. Multichain Testnet was also relaunched, since the previous one had gone insolvent due to many small bugs with ERC20s. It could have been rescued (all bugs were found and fixed) but was going to take too much time and coordination. The new network is actually stabilising and less bugs are being found. Multichain Chaosnet is expected before the end of month.
Binance Chain underwent a scheduled hard fork, the binary was provided to node operators two…
The week saw continual bug fixes for multichain testnet, as well as two significant features added, Impermanent Loss Protection and the final design of Synthetic Assets.
This feature uses the assets in the Reserve to underwrite LP assets against Impermanent Loss on a sliding scale from 0->100% after 100 days. The following are intrinsic to this feature:
The treasury is at $57m, sufficient for the roadmap. Community grants can be allocated.
The Protocol Reserves total 203,770,427 RUNE, worth $920m. These are allocated for Chaosnet & Mainnet emissions, as well as community campaigns.
Planned Obsolescence is set for July 2022.
The treasury comprises of $19m USD liquid and $38m in RUNE, total of $57m.
These funds are spent on protocol development, technical costs and community grants. The treasury has increased partly due to the rise in value of BTC.
Around $17m has been deployed into key BEPSwap and Sushiswap liquidity pools to prepare liquidity for multichain (BTC, ETH…
The official team for THORChain — the decentralized liquidity network.