THORChain Incident Update #7
The network is moving through the final stages of recovery.
Right now, the integrity of every node's keyshare is being verified through the new KeyVerify protocol. This step confirms that each vault is safe before churn can begin.
Once this passes, the next major step is the churn itself, where the network moves all funds into fresh vaults. Churn timing is the main variable. It could take anywhere from several hours to a few days.
After the churn completes, the remaining steps should move quickly: re-enabling Secured and Trade assets, LP actions, and finally trading.
The network recovery has taken longer than expected, as the priority has always been security and stability. More updates will be shared soon. Thank you for your continued patience and support.
.@THORChain's restart is days away.
v3.19.1 is fully adopted, Gaia is unhalted and @CBarraford expects signing + churn enabled within around a day, trading potentially back by Monday.
This week's THORSday recap is live: 👇🏻
https://t.co/SgV23MTqDS
⚡We’re live!
@KentonC137 and @patriotsounds on the THORChain Podcast | Protocol Update with Co-Founder @Cbarraford.
Jump on stage and ask your questions live: https://t.co/phkxsU7036
Also streaming on YouTube: https://t.co/GgxXJzV49B
THORCHADS, You know what, we’re doing everything right. We’re sticking with the project, even though so far almost nothing but downsides have come our way. But those are exactly the moments where you have to stick together, and exactly the moments you can grow from. That’s what matters most. We’re on a wonderful path. We just have to hold on. And then the best parts will come and then it’ll be too late for those who only jump on the train at that point.
thorchain:native
I'm going to start a 60-DAY HARD CHALLENGE today. ⚡
After crushing the 31-Day $RUNE sprint (81 tweets, 143K+ impressions), I’m levelling up.
What do you think this next challenge is about? Anything new I should include?
The best suggestion will get included of course, and a big shoutout at the final recap. 🏆
#Crypto #BuildInPublic #60DayChallenge
⚡THORChain Podcast | Protocol Update with Co-Founder @Cbarraford is today at 2PM EDT / 6PM UTC.
Hosted by @KentonC137 and @patriotsounds.
Jump on stage and ask your questions live:
https://t.co/phkxsU7036
🧵If you hold $RUNE and it is just sitting in your wallet, you are leaving real yield on the table.
@THORChain generates $20 to $30 million in swap fees every year. A portion of that goes to node operators and the people who bond $RUNE to support them.
@RUNEBondApp was built to make that accessible to everyone.
Here is everything you need to know. Read till the end! 👇
⚡This Saturday on the THORChain Podcast | Ecosystem Spotlight.
@xolosArmy joins @KentonC137 and @patriotsounds live at 10AM EDT / 2PM UTC.
xolosArmy empowers users with digital identity ownership, verifiable heritage, and participation in a decentralized, community-governed ecosystem.
Jump on stage and ask your questions live: https://t.co/AUD5BPli7X
.@NanoGPTcom is coming to @THORChain.
Every major AI model. No accounts, no KYC. Pay per use in crypto.
The team chose THORChain after a CEX froze them over a $32 payment.
Full recap: 👇🏻
https://t.co/a098o5C2KB
June 15th Update: Trading is expected to go live this week!
The upcoming mainnet upgrade will deploy the Gaia infinite-mint patch alongside various stability fixes.
👉 The Sequence: Once deployed, the final vault churn triggers. As soon as that subsequent churn completes, trading will be resumed.
👉 Timeline: Anticipated restart is expected mid-to-late week.
Right after the restart, the multi-chain integration assembly line fires up:
🔹 Zcash live within 1-2 weeks
🔹 Monero ( $XMR ) targeted for mid July
🔹 Bittensor ( $TAO ) & Dash ( $DASH ) lined up
" We're gonna get online and within a month all these positive things are happening. It's gonna give people whiplash."
The momentum is shifting. Let's get it. ⚡
@THORChain thorchain:native
🧵 $TCY has come a long way since it launched.
What started as @THORChain's solution to a $210M debt is now an actively growing yield token, with new features live, a Treasury buyback program running, and deep DeFi integration being built around it.
Here is where things stand right now, and where they are heading. Read till the end! 👇
4. @NanoGPTcom and @THORChain connected at Bitcoin Las Vegas, at the F1 Arcade side event organized by @KentonC137.
The moment @patriotsounds started talking to the NanoGPTcom team, he knew THORChain was the right fit for what they were building.
Kenton gave them an API key at the event. Their co-founder started the integration on the flight home, on shared plane Wi-Fi. By the time the follow-up call happened two weeks later, it was already done.
That is what permissionless infrastructure makes possible.