The treasury comprises of $146m, funding protocol development, liquidity and paying out to community grants. Liabilities have all been… — Summary The treasury is at $146m. The Protocol Reserves total 174m RUNE, worth $1.2bn. These are allocated for Chaosnet & Mainnet emissions. Planned Obsolescence is guided not before July 2022. Operational Treasury The treasury comprises of $18m non-RUNE assets, $90m in RUNE and $38m in LP positions, total of $146m.

Deprecating IOU RUNE (BNB.RUNE and ETH.RUNE). — Summary IOU Tokens (BNB.RUNE and ETH.RUNE) will be deprecated after mainnet. Nodes will activate a “killswitch”, which will slowly reduce the redemption rate from 1.0 to 0.0 over the course of a year. After a year the upgrade code will be entirely removed and IOU tokens will no longer be supported…

Activating large RUNE holders to contribute to network security. — Update 13 Feb 2022 The offer below was also extended to holders of team-vested RUNE: commit to a node for earlier vesting with positive take-up. Community should expect to see more nodes come online in the weeks ahead. Team RUNE: Originally 50m (10%) was allocated to the team. Since the team anticipated growth, a…

The treasury comprises of $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured… — Summary The treasury is at $273m, with a debt of $6.2m. The Protocol Reserves total 177,689,566 RUNE, worth $2.5bn. These are allocated for Chaosnet & Mainnet emissions. Planned Obsolescence is set for July 2022. Operational Treasury The treasury comprises of $20m non-RUNE assets, $195m in RUNE and $57m in LP positions, total of…

The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured… — Summary The treasury is at $194m, sufficient for the roadmap. Community grants can be allocated. Liabilities totalling $30m but have been secured and are waiting to be discharged. The Protocol Reserves total 179,093,899 RUNE, worth $1.8bn. These are allocated for Chaosnet & Mainnet emissions.

Steps taken to make THORChain more resilient to attacks and network uncertainty. — Overview There are number of changes being made to the THORChain protocol to make it more impervious to attacks, and being able to react quicker to save funds. These changes have been made from first-hand experience of several attacks, where the behaviour of the attacker, node operators and community were observed…

The ETH Router Exploit 1 & 2, Premature Trading, fixes and network response, as well as the 5 Pronged Response. — Summary THORChain suffered two back to back exploits on its ETH Router. The first took all the ETH from the system via an attack contract that sat in front of the Router, and the second took all the economically significant ERC20s via an attack contract that sat behind the router. In…

The ERC-777 re-entrancy bug, trading halt, Router Upgrade, USDT rescue, return to solvency and operational, improvements — Summary On 9th July 2021, a whitehat discovered a vulnerability in the THORChain router when dealing with ERC-777 tokens and worked with the team to rescue the funds back to the THORStarter deployer account. The Router was patched and deployed to testnet, but during testing an issue when dealing with non-standard…

THORChain Weekly Dev Update for Week 98, 03— 10 July; ERC777 re-entrancy on Router, THORStarter launch, MCCN Update 0.57.6, 0.58.1… — Summary RAISETHECAPS The caps were raised to 10m RUNE and filled as part of the THORStarter launch. At this stage the target is 30m RUNE bonded and 15m RUNE pooled for the system to have caps lifted (this was the maximum seen on SCCN). The THORStarter launch significantly overloaded the network to…