Breaking: THORChain achieves consensus on path forward. It will be Proposal6.

Feeling re-energised. Choices…

Back of envelope: TC Validators make around 10% APY from bonding/staking RUNE (~14% minus costs). Converted debt at notional $1 face value paying 1.5% APY should trade >= $0.15 for a 10% yield. Any lower & validators would simply buy TCY instead. Implies floor price ∝ revenue

Wow RUNE isn’t flat. It’s significantly outperforming BTC last 24h. Normally it’s 0.95 correlation (due to pool arb’ing) and only breaks during significant bull/bear events. This means there has been significant buy pressure despite BTC arbs selling rune. Wen BTC up again: ᚱ🚀🤯

The pipelines for the final PR to add ED25519 threshold cryptography to THORChain are passing ✅. @beorn_9r let me know that $SOL chain client is tested at load. Cutting v3.2.0 this week and then pushing Solana integration to stagenet.

THORChain nodes voted to remove block rewards 🔥 From 25,000 $RUNE per day emitted from the Reserve down to 2 per day, eliminating inflation completely 100% of income is now from swap fees, with a deflationary burn of 5% system income

Nodes should increase fees to 5% …

Money grab (not security). How people leave assets on centralised exchanges still baffles me.

Spent full day auditing THORChain code base for vuln’s. Catching up on things. Lots of changes. Lots of ideas to check.

Short term the market is a voting machine. Long term it’s a weighing machine. Build.

Does anybody else find the OAuth laundry list fucked, like I can’t remember which of these I even used for this service.

Just spent several days auditing thorchain bifrost evm event parsing code and proposed router v6. Looks good. ✅