With the migration of xUSK open until 30 June, the winding down of Kujira draws near. Similarly, all Fuzn products will be sunsetted on the 30 June so if you have any claims in Plasma, Flows, Ignition, Pilot, Dustbuster, Options or Bonds - please withdraw before then. 🚀
With the migration of xUSK open until 30 June, the winding down of Kujira draws near. Similarly, all Fuzn products will be sunsetted on the 30 June so if you have any claims in Plasma, Flows, Ignition, Pilot, Dustbuster, Options or Bonds - please withdraw before then. 🚀
We're in the final test phase & audit of RUJI Launchpad
If you - or someone you know - is building something you want to see on @RujiraNetwork, plugging into a full range of DeFi products alongside a maniac community, then drop me or @Fuzion_App a message
To celebrate the Merge, we will be hosting a special Community Spaces at 5 PM UTC.
We would also love for our community to take the stage and share what excites them most about Rujira, so come join us!
https://t.co/kkdEO5nzcJ
Just a heads up to those who participated in the Ignition sale for @BoonHQ_ on @Fuzion_App:
The $BOON tokens from the sale are now available to claim. 😎👍🔥
Hi everyone, an update regarding the Merge, TGE and the launch of the RUJI products.
⚡️The Merge
For the Merge, we are currently waiting on two things:
1) The switch assets (KUJI, rKUJI, LVN, WINK, FZN, and NSTK) need Mimir approval to be enabled. The Node Operators are not familiar with this new process, so to support their decision to enable, we are creating a one-pager explaining how the switch handler works and why it doesn't impact network security.
2) The next step is submitting a Merge Request to whitelist the Merge contract, which must be scheduled to be included in a THORNode release.
Once the switch assets are enabled, and the Merge contract is on mainnet, we will be able to announce a date for the Merge, which should happen shortly after.
⚡️$RUJI TGE
For the $RUJI TGE, the most important factor is having the Token Factory live on mainnet. This module is essential for creating tokens, including $RUJI. The Token Factory will be included in a subsequent release, meaning we won’t be able to have TGE at the end of March as originally planned. Current market conditions are not favorable, so this delay gives us more time to position ourselves more effectively and launch in better conditions. Once Token Factory is live on mainnet, we can plan a date for the TGE.
⚡️RUJI Swap
For RUJI Swap to go live, we are working on the wallet signer interfaces. The blocker here isn’t the actual swap function but everything that comes with it (Portfolio page, wallet integrations, signing, etc.). Since this is the first product going live, we want to ensure the best possible user experience and that takes time to create. Once all the wallet connections are working as intended, we can launch RUJI Swap.
⚡️RUJI Trade & Pools
RUJI Trade and Pools will launch after the TGE, with at least the RUJI/RUNE pair listed. Being able to list the other pairs is dependent on THORChain's security budget. We don’t need a large budget to get started, as leveraging the base pools alone will be quite capital-efficient. All we need is enough Secured Assets to cover the tokens in flight (the total amount being swapped in any given block).
THORChain's security budget is a constraint and can be addressed in multiple ways:
• The $RUNE price increases relative to the assets in the LPs.
• The amount of $RUNE bonded to Nodes increases.
• Functional changes are implemented, such as optimistic security (no TVL cap at all); or relaxing the security constraint (ratio of bonded RUNE value to value of exogenous assets secured in Base Layer Pool + App Layer) to 1x or 1.5x instead of 2x; or allowing Base Layer LPs to bond, etc.
Until the security budget situation is resolved, our products will have restrictions and we won't be able to offer our users the full experience. However, this doesn’t mean we are on pause. We have optimization work to do, products to build out, and we will focus on that in the meantime.
⚡️What can we do as a community?
We know the current situation is not ideal, and the community has already been through a lot. We are very close to launching our first products, and everyone is excited to use them. To reach that point, we would appreciate the support of our community.
1) Educate the THORChain community on what Rujira is, and the value we are creating through meaningful, positive and constructive discussions.
2) If you hold $RUNE, consider bonding it with one of the Rujira TC Nodes. You can reach out to @Erudite3451 and he will connect you.
3) Get people excited about THORChain and Rujira and spread the message! Community posts and videos go a long way in increasing awareness, and we appreciate everyone contributing.
Hi everyone, an update regarding the Merge, TGE and the launch of the RUJI products.
⚡️The Merge
For the Merge, we are currently waiting on two things:
1) The switch assets (KUJI, rKUJI, LVN, WINK, FZN, and NSTK) need Mimir approval to be enabled. The Node Operators are not familiar with this new process, so to support their decision to enable, we are creating a one-pager explaining how the switch handler works and why it doesn't impact network security.
2) The next step is submitting a Merge Request to whitelist the Merge contract, which must be scheduled to be included in a THORNode release.
Once the switch assets are enabled, and the Merge contract is on mainnet, we will be able to announce a date for the Merge, which should happen shortly after.
⚡️$RUJI TGE
For the $RUJI TGE, the most important factor is having the Token Factory live on mainnet. This module is essential for creating tokens, including $RUJI. The Token Factory will be included in a subsequent release, meaning we won’t be able to have TGE at the end of March as originally planned. Current market conditions are not favorable, so this delay gives us more time to position ourselves more effectively and launch in better conditions. Once Token Factory is live on mainnet, we can plan a date for the TGE.
⚡️RUJI Swap
For RUJI Swap to go live, we are working on the wallet signer interfaces. The blocker here isn’t the actual swap function but everything that comes with it (Portfolio page, wallet integrations, signing, etc.). Since this is the first product going live, we want to ensure the best possible user experience and that takes time to create. Once all the wallet connections are working as intended, we can launch RUJI Swap.
⚡️RUJI Trade & Pools
RUJI Trade and Pools will launch after the TGE, with at least the RUJI/RUNE pair listed. Being able to list the other pairs is dependent on THORChain's security budget. We don’t need a large budget to get started, as leveraging the base pools alone will be quite capital-efficient. All we need is enough Secured Assets to cover the tokens in flight (the total amount being swapped in any given block).
THORChain's security budget is a constraint and can be addressed in multiple ways:
• The $RUNE price increases relative to the assets in the LPs.
• The amount of $RUNE bonded to Nodes increases.
• Functional changes are implemented, such as optimistic security (no TVL cap at all); or relaxing the security constraint (ratio of bonded RUNE value to value of exogenous assets secured in Base Layer Pool + App Layer) to 1x or 1.5x instead of 2x; or allowing Base Layer LPs to bond, etc.
Until the security budget situation is resolved, our products will have restrictions and we won't be able to offer our users the full experience. However, this doesn’t mean we are on pause. We have optimization work to do, products to build out, and we will focus on that in the meantime.
⚡️What can we do as a community?
We know the current situation is not ideal, and the community has already been through a lot. We are very close to launching our first products, and everyone is excited to use them. To reach that point, we would appreciate the support of our community.
1) Educate the THORChain community on what Rujira is, and the value we are creating through meaningful, positive and constructive discussions.
2) If you hold $RUNE, consider bonding it with one of the Rujira TC Nodes. You can reach out to @Erudite3451 and he will connect you.
3) Get people excited about THORChain and Rujira and spread the message! Community posts and videos go a long way in increasing awareness, and we appreciate everyone contributing.
Months of building have laid the foundation for the App Layer and Rujira products, and we’re excited to be nearing one of the major milestones, The Merge, expected to go live on February 27th (subject to CosmWasm being live on THORChain mainnet before that date).
On this date, users from @RujiraNetwork, @unstake_fi, @Levana_protocol, @TheWinkTeam, and @Fuzion_App can take the first steps toward converting their Merge tokens into $RUJI by locking them into the Merge contract. The supported tokens for the Merge are $KUJI, $rKUJI, $FUZN, $WINK, $NSTK, and $LVN.
What does the Merge mean for you, and how can you best prepare?
Blog post version available here:
https://t.co/XwB1rcXARc
@NFT_Hibou On the Dashboard, below the graph showing the total yFUZN staked and your yFUZN staked, is a button labelled "Claim Yield". That takes you to Dust Buster, where you select Rewards to claim your yield as is, or swap it to a token of your choice.
@A_Crypto_Newbie Do you mean your staked FUZN? If so, best to jump into our discord chat where you can open a support ticket and explain your issue in detail so we can resolve it.
A sad day - I spent the last 18 months building out a DAO with @enterprise_dao as the governance and treasury hub. Working with the dev team to iterate and improve the product. Bringing thousands of users and hundreds of thousands of transactions to Enterprise and the Terra chain. It's really the only thing that has kept me interested in crypto over the that period and a horrible bear market for alts.
However the DAO has outgrown it's original purpose as an Enterprise showcase and will live on on @DA0_DA0 - super excited to have a more feature rich DAO platform and also pushing it to the limits of what's possible as a DAO collective.
I think @TheLionDAO has a bright future and look forward to keeping moving things forward 🫡|
$ROAR 🦁
We are pleased to announce that Rujira landing page and docs are now live 🥳
Born from the powerful merger of KUJIRA and @THORChain, Rujira and $RUJI will be uniting fragmented DeFi tools into a brand new, seamless experience.
Users will be able to access native cross-chain capabilities and high liquidity powered by THORChain. No need for third-party bridged or wrapped assets. You'll be able take a loan against native BTC, right from your Bitcoin wallet, and receive USDC on whichever L1 chain you choose.
We've asked @Kunedotlol to hold back on their $KUNE sale on Pilot, to which they have graciously agreed. There's some updates we'd like to make to improve the UX on the seller and buyer sides.
We'll let everyone know when they are ready.
Gm Lions 🦁
As we are in the process of reworking our treasury we have posted a number of OTC deals at a 5% discount on @Fuzion_App 🏦
You can grab $ROAR at a 5% discount by swapping for $USDC, $ATOM, $ASTRO, $AKT & $TIA
Link to the deals below 👇🏻
$USDC ➡️ https://t.co/tqfHL4yzLG
$AKT ➡️ https://t.co/Lsn4hZQjjv
$TIA ➡️ https://t.co/KZQzQIWizt
$ATOM ➡️ https://t.co/ohRIpemlmx
$ASTRO ➡️ https://t.co/6CBVe6bJf2
To participate you'll need to bridge assets to @TeamKujira - given these are partial deals you can participate for any amount up to the maximum 🤝
So thats it, the ignition sale is closed!
In the worst market conditions possible we raised an incredible $36,651 and will continue with the build ready for the Rujira app layer.
From the bottom of our hearts we appreciate each and every one of you.
AmpliFi
$BOON
🚶 Boon's Ignition Sale: A Guided Walkthrough 🚶
If you're a @THORChain community member who wants to participate in $BOON's Ignition sale but doesn't know how don't worry, we've got you 👇
One of our standout ambassadors @ocelotrvr has produced a video explaining how to:
🔹Download and Create a SONAR Wallet
🔹Import your SONAR wallet to Keplr
🔹Onboard funds to Kujira
🔹Place a bid on $BOON's Ignition sale