Pragmatic Monkey

DeFi, Tokenomics, Decentralised Governance. Pragmatic.
Contributing @RujiraNetwork @LiquidyFinance

[Pragmatic Monkey @PragmaticMonkey]

https://t.co/IKKstaaGtP

[Liquidy @LiquidyFinance]

Our swap router is in beta and we are testing along with the community. Volume last 30D is $70.69k. This is mostly down to a few larger swaps. Digging into the details so far🧵

[Liquidy @LiquidyFinance]

We are warming up the engine and while waiting on @THORChain opens up the swaps we casually claim some staking rewards from our $RUJI and $bRUNE positions.

https://t.co/60V9NPONYp

[With The Coke @WithTheCoke]

Hey, @THORChain & @RujiraNetwork weekly recap is up! We are almost ready to go back online, with some Rujira updates, & we also had amazing podcast episodes with @TheDesertLynx @BooneW, & on Saturday with @HydratedGoose & @DrFuture8000 from @zephyr_org

https://t.co/Lk0VPrJ1a0

[Rujira @RujiraNetwork]

One of our main contributors is @Erudite3451.

He lives and breathes Rujira, pushing every day to help Rujira and THORChain become the Central Station for DeFi, for more people to participate.

Read the full interview with Erudite in the thread below.

Enjoy your Sunday 💜

[deving.zone 🌕 @deving_zone]

@Danxia_Capital @RujiraNetwork @THORChain @mocadotapp @StationWallet @Maya_Protocol @vultisig @PragmaticMonkey a little over $1M already deployed as CCL on @RujiraNetwork 👍👍

all active positions:
https://t.co/HEvVH6q4P9

[⚡️Danxia Capital @Danxia_Capital]

🧵@RujiraNetwork just launched something that changes how liquidity works on their orderbook DEX.
It is called Custom Concentrated Liquidity, and it is a bigger deal than the name suggests.
Here is what it is, how it works, and why it matters.
Read till the end! 👇

[Rujira @RujiraNetwork]

Introducing our new Lending and Liquidate pages!

We make it easier to explore lending vaults, compare opportunities, and earn yield from borrowers.

And with Liquidate we make it easier to spot loans close to liquidation 🐳

Links to Lending and Liquidate are below 👇

[Rayyyk @raynalytics]

.@deving_zone is so much more than a block explorer.

It tracks @THORChain's entire app layer, every team, DAO & smart contract, gives every connected chain its own onboarding hub, and turns live swaps into music.

Severin walked us through all of it. Full recap 👇
https://t.co/wXrEVZ6aME

[deving.zone 🌕 @deving_zone]

https://t.co/LbDJkHMhaV (formerly https://t.co/sfjMdbDos5) now maps the native cross-chain DeFi stack built on THORChain powered by Rujira. Explore live pools, swap pairs, markets, projects, teams, denoms and frontends across THORChain.

join the Podcast tomorrow
@Galactic_Mining

[THORChain @THORChain]

THORChain Incident Update #5
The devs and security teams are working hard to bring the network safely back online. The focus is on getting this right, without rushing any steps. Security and stability remain the top priorities.

Nodes have upgraded to v3.18.1, which contained a patch and restores @RujiraNetwork's ability to manage credit accounts (borrow / repay).

ADR028 has been approved by the nodes. The next major step is cutting and testing v3.19.0. Additional changes are being made to the release and will be tested on stagenet before moving to mainnet. The target is to have it on stagenet by EOD tomorrow, though an exact timeline is yet to be confirmed.

Once finalised and pushed for mainnet adoption, all node operators are asked to upgrade as quickly as possible so the network can come back online safely and efficiently.

With ADR028 now approved, the bounty is active, meaning the hacker has an open window to return a portion of the funds. The protocol will also cover the remaining loss using POL. The figures are still being defined and will be shared in a follow-up announcement.

One important note: tss-lib has temporarily been moved to closed source for the next few weeks to allow THORSec to complete a full security audit without exposing ongoing remediation work. The repository will be reopened once this is complete.

More updates coming soon. We appreciate the patience and support.

[Station 🛰 @StationWallet]

Station is live.

The wallet Terra users trusted is back, rebuilt as the world's first fully agentic wallet.

This is a major step forward for Station: safer custody, a stronger foundation, and the beginning of a new multi-chain future.

And as users come in, we’ll keep moving fast: listening to reports, fixing issues, and improving the experience every day.

Jump into the new universe, download it and try it.

Post on X. Share what you like, what felt confusing, or what needs improvement. Any feedback helps us iterate and improve faster

Our devs are watching closely. Discord and telegram are open.

Station is back.

And we’re just getting started.

[Pragmatic Monkey @PragmaticMonkey]

@EncryptedMonero @THORChain You will be able to deploy your XMR in custom concerted liquidity strategies on Rujira, THORChain's app layer and earn a faire return on your capital. I'll be happy to walk you through personally.

[codehans @codehans1]

As you asked so kindly

Time to go back to our roots 🐋

[Aaluxx⚡️🍫🛡️ @AaluxxMyth]

Alright Thorchads! Once again, here is my proposal on how to move forward after Friday’s TSS vault exploit. Looking forward to constructive feedback to make it better, and looking forward to read new and different proposals if you have one! It is important to participate actively during this time. Let’s go!! @THORChain

https://t.co/2gxyCV30aZ

[Rujira @RujiraNetwork]

Hey all, an update from our side regarding the THORChain exploit involving one of the Asgard Vaults, the latest news shared by the THORChain devs, and how it impacts us.

Key points:
- The exploit of one of the five Asgard Vaults is believed to be linked to a bug in GG20 and one malicious node.
- THORChain is producing blocks again, and native token transfers will soon be enabled.
- For full functionality, the THORChain devs are currently researching and discussing whether to either patch the GG20 issue or move to and implement DKLS.
- Withdrawals and deposits of Secured Assets remain frozen until Base Layer trading resumes.
- App Layer activity will resume, and the products will work as intended once the Nodes enable transfers again.
- Subject to Nodes vote, the path forward supported by the THORChain core team would preserve a 1:1 backing for Secured Assets.

Last night @THORChain shared the latest information in their livestream regarding the exploit, which is now believed to be linked to a bug in GG20 and one malicious node. The team is still investigating everything and working with the relevant agencies to try to identify and catch the person behind the hack. In the coming days, the devs will work on figuring out the best path forward when it comes to security so we can move toward trading being resumed again, as well as a plan for how the lost funds will be handled, which the community and nodes can vote on.

Due to multiple node operators executing a pause, the network had been paused over the past day. Block production has now resumed, and the THORChain development team is comfortable allowing native token transfers again, which are expected to resume shortly as well.

This pause will remain in place until the THORChain devs decide to either patch the GG20 issue or move to DKLS, and implement the chosen solution. The timeline is unknown so far. Patching the GG20 issue will be much quicker, but there’s a very small risk that there’s more to it and that the issue found is not the complete story. That’s why an immediate move to DKLS is also being considered, as it is viewed as a more secure option, a clean and up-to-date implementation, and something that was already planned and on the roadmap.

What this means for Rujira users:
- Once transfers are unpaused, RUNE, RUJI, and TCY can be sent to other addresses again.
- Till trading is resumed, withdrawals and deposits of Secured Assets are not possible. Deposited assets on Rujira are expected to retain their full value, more information about that below.
- Any other activity on the App Layer resumes. We want to emphasize that everything on the App Layer is safe, that the products are working as intended, and the exploit is limited and isolated to one single Asgard Vault.

Assets deposited onto Rujira as Secured Assets are stored in the Asgard Vaults, and since there are no clear buckets, this means, on paper, it’s would be a shared loss between PoL, LPs, Trade Assets, and Secured Assets. 1/5th of the Secured Assets TVL would therefore be subject to the exploit, which equates to around $1M, with nearly half of this amount being BTC from the THORChain treasury.

While all details are not fully finalized yet, as it stands now, the path forward, as also shared in recent communication, is that THORChain’s Protocol Owned Liquidity will be used to compensate Trade and Secured Assets so users are made whole. This means that Secured Assets on Rujira are expected to retain their full value, and withdrawable once trading resumes on the Base Layer.

With the launch of bRUNE, the contract has been bonding RUNE to different whitelisted Nodes. The malicious Node wasn’t whitelisted, and therefore didn’t have any bRUNE bonded to it, but there is bRUNE bonded to the other nodes in the compromised Asgard Vault. The likely path forward here is that if the Nodes can agree and vote on who the malicious Node is, that Node’s RUNE could be 100% slashed and partially used to cover the loss, with the remaining Nodes in the compromised Asgard Vault being refunded. This means that the RUNE bonded to the Nodes via bRUNE will be safe.

Over the next couple of days, we will assist THORChain wherever we can and continue to participate in conversations to further discuss the accounting of the lost funds.

Simultaneously, there are still a lot of products to build and improvements to make, and the world still deserves a fair and decentralized financial system, so we are not going anywhere and will keep building. You can continue to expect updates from us as usual.

If there’s any news regarding the exploit and the next steps, we will keep the community updated. We will also share once Native assets transfers and activity on Rujira is resumed.

[Pragmatic Monkey @PragmaticMonkey]

@RaymondMontreal This is really how you DeFi, love reading your post ser 👏

[RayMontreal @RaymondMontreal]

https://t.co/bU9Jy5QBHL

[THORChain Community @THORCommunity]

7.34% APR. From real borrowers. No inflation. No points

→ USDC lending on @RujiraNetwork
→ Rates accelerate past 85% utilization
→ Native asset borrowing, secured by @THORChain

Most DeFi yields are subsidized. This one isn't ⚡

[Dustin Godevais 🌖 @DustinGodevais]

You could be earning 15% RIGHT NOW on a $BTC/$USDC pair! 🤯

Checkout these two custom concentrated liquidity strategies (CCL) on @RujiraNetwork.

Both are BTC/USDC.
Both are the same age.

So why does one earn 15% APR while the other only earns 6.5%? 👇 thorchain:native

[With The Coke @WithTheCoke]

Hey all, @THORChain & @RujiraNetwork weekly recap is up! @Monero merged to chainnet, v3.18 live soon, bRUNE caps raised, @StationWallet acquired, podcast with @TheDesertLynx from @Dashpay

https://t.co/B7UwlCMTbe