THORChain Announcements @thorchain Channel on Telegram

THORChain Announcements

@thorchain

THORChain Announcements

THORChain Announcements (English)

Are you a fan of THORChain and want to stay up to date with all the latest announcements and updates? Look no further than the THORChain Announcements channel on Telegram! This channel, with the username @thorchain, is dedicated to providing followers with the most recent news, developments, and important information related to THORChain. Whether you're a long-time supporter of the project or just getting started, this channel is the perfect place to stay informed and engage with the THORChain community.nnWho is it? THORChain Announcements is a channel specifically created for fans of THORChain, a decentralized liquidity protocol that allows users to easily swap assets across different blockchains. The channel is managed by the official team behind THORChain, ensuring that followers receive accurate and reliable updates directly from the source.nnWhat is it? THORChain Announcements is a valuable resource for those interested in staying informed about the latest developments in the THORChain ecosystem. From new partnerships and listings to technical updates and community events, this channel covers it all. By joining this channel, you can be the first to know about any important announcements and never miss out on exciting opportunities within the THORChain network.nnDon't miss out on the chance to be part of the growing THORChain community and stay informed about all the latest news and updates. Join the THORChain Announcements channel today by following @thorchain on Telegram!

THORChain Announcements

07 Apr, 06:07

Standing $50k Bounty To Call a Pause

There is now a standing $50k bounty to any community member that is first to find a suspicious transaction and ask a node to make pause "recommend pause now" "can a node pause please" etc

False positives not paid; but will not attract criticism.

> halt early, halt often

The protocol is complex and there are many edge cases devs simply cannot plan for. The community is the first and last line of defence.
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THORChain Announcements

07 Apr, 04:46

๐Ÿšจ๐Ÿšจ๐Ÿšจ Attention! Trading is halted on the ETH chain! Refrain from using it until the trading is restarted! ๐Ÿšจ๐Ÿšจ๐Ÿšจ
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THORChain Announcements

07 Apr, 04:46

This is to resolve the delayed ETH outbound queue situation
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THORChain Announcements

08 Mar, 01:27

Final call for LP/Savers/Synths withdrawal for BEP2 assets on @THORChain. Still $6.75m worth in the pools.

BEP2 halt, then best effort Ragnarok will happen imminently. Even swaps to/from BEP2 should be conducted with caution. Just donโ€™t touch it anymore, please. ๐Ÿ™๐Ÿ’šโšก๏ธ
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THORChain Announcements

23 Feb, 23:21

โœ… Heads up! Trading is resumed on the AVAX chains!
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THORChain Announcements

23 Feb, 13:36

THORChain is currently not processing AVAX transactions due to a global outage of Avalanche C-Chain.

https://x.com/pluto9r/status/1761016104258806065
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THORChain Announcements

16 Feb, 04:14

ADR12 has passed.

CR 200% already implemented.

6pm RUNE burn will be in v1.128. ETA possibly 1-3 weeks.

https://gitlab.com/thorchain/thornode/-/blob/develop/docs/architecture/adr-012-scale-lending.md?ref_type=heads
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THORChain Announcements

12 Feb, 10:00

$7.3m worth still in BEP2 pools.
17 days to Ragnarok.

Withdraw now!!
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THORChain Announcements

05 Feb, 23:30

Further updates on current DOGE and ERC-20 (e.g. ETH.SNX & AVAX.USDC) outbound issues
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THORChain Announcements

30 Jan, 03:14

Reminder! Please withdraw all Binance Beacon Chain (BEP2): Liquidity Pools (LP) positions, Synths and Savers before 29-Feb.

After that, Ragnarok (auto-refund) will be on best-effort basis only.
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THORChain Announcements

17 Jan, 13:04

Who let the DOGE out?


Devs solved the DOGE imbalance pricing; open for community to add LP.

Note: DOGE pool depth is low right now. Recommended to add LP symmetrically.

Swap or add asym at your own risk.
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THORChain Announcements

08 Nov, 02:05

Quarterly Treasury Reportโ€Š-โ€ŠQ3 2021
The treasury comprises of $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has $2.5bn in RUNE reserves. Planned Obsolescence July 2022.

https://medium.com/thorchain/monthly-treasury-report-q3-2021-188467360556
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THORChain Announcements

30 Aug, 02:12

Monthly Treasury Reportโ€Š-โ€ŠJuly&August 2021
The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has 180m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-july-august-2021-b6ffb7b29268
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THORChain Announcements

03 Aug, 06:24

Hardening the THORChain Protocol
Steps taken to make THORChain more resilient to attacks and network uncertainty.

* Automatic Solvency Checker
* Granular Network Pause Controls
* Node Timeouts
* Outbound Throttling
* Node Broadcast Bot
* Live Monitoring

https://medium.com/thorchain/hardening-the-thorchain-protocol-f80164de7685
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THORChain Announcements

30 Jul, 06:08

Post-mortem: ETH Router Exploits 1 & 2, and premature Return To Trading Incident
* The exploits
* Fixes and network response
* 5 Pronged Recovery Plan.
* Liabilities and Treasury
* Mainnet

Read more:
https://medium.com/thorchain/post-mortem-eth-router-exploits-1-2-and-premature-return-to-trading-incident-2908928c5fb
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THORChain Announcements

16 Jul, 03:58

THORChain Announcements pinned ยซMCCN Exploit Update Loss: Approx ~$4.9mm USD was taken in the exploit, far less than the intitial figures posted earlier. A granular breakdown is being developed by the community. Method: ETH Bifrost was tricked using a custom wrapper to read a deposit amountโ€ฆยป
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THORChain Announcements

16 Jul, 03:58

MCCN Exploit Update

Loss:
Approx ~$4.9mm USD was taken in the exploit, far less than the intitial figures posted earlier. A granular breakdown is being developed by the community.

Method:
ETH Bifrost was tricked using a custom wrapper to read a deposit amount of 200 when it was actually zero. More details will be provided in the upcoming post mortem blog.

Discovery:
The issue was discovered by a community dev and anonymous nodes voluntarily used make halt command to stop their nodes. Once more than 1/3rd nodes had been halted, the network itself was halted. This was a decentralized action taken by node operators to protect the network.

Recovery:
1. Release the patch & restart the network > block pending outbounds > restore solvency.
2. Donate funds back to the ETH pool to restore lost funds to LPs
3. Release auto-solvency checker as a future preventative measure
4. Continue working with security firms to audit.

This is a disappointing moment for all, but LPs and Nodes should be unaffected after all is recovered (the funds will be restored). The network will be stronger and more resilient.

The THORChain community appreciate the inflow of support. More info to come in due course.
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