TCU THORChain Updates (May-Jun 2024)

In this series, TCU aims to give regular condensed “state of THORChain” updates. Enjoy!

1. V1.132 Updates

On 6-May, v1.132 update was pushed, which brought some important fixes:

2. EVMs (BSC, AVAX) Non-Observance Issues

While v1.132 was being rolled-out, a bug in the patch caused some EVMs (BSC & AVAX) non-observance issues, leading to stuck transactions. Upon quick alerting from community members, quick investigation by community devs, and quick action by Node Operators, a “make pause” was executed to prevent the issue from escalating further. Core devs then had time to investigate deeper, and fully resolve the stuck transactions <12 hours later.

3. Bitcoin Cash and ATOM Gaia Hardforks

On 15-May, Bitcoin Cash and ATOM Gaia chains were paused temporarily to accommodate for their hardforks.

On 6-June, ATOM Gaia chain was paused temporarily to accommodate for its hardfork.

4. Fireblocks Enabled Support for RUNE

On 15-May, Fireblocks announced support for RUNE. Fireblocks is the platform of choice for institutions — now bringing MPC support to THORChain. This paves the way for institutions to securely bond to a THORNode, provide liquidity, or hold. https://x.com/THORChain/status/1790849359522701618

5. Trade Accounts Enabled

On 10-Jun, a new THORChain primitive, Trade Accounts, were enabled.

- Launch article on Medium: https://medium.com/thorchain/trade-assets-on-thorchain-f26b5104697a

-GrassRoots Crypto YouTube explainer: https://youtu.be/7v5x0vhjcao?si=6R6UErrvJfQ-TkYv

- An early dashboard: https://thorchain-trade-assets.replit.app/

Immediately after the launch, Midgard price calculations needed to be re-coded to account for the Trade Accounts mechanics; which was resolved in Midgard 2.22.3.

6. ADRs 14, 15, 16 & 17

In Jun, four ADRs were proposed:

- ADR 14: Scale Savers Yield

https://gitlab.com/thorchain/thornode/-/blob/develop/docs/architecture/adr-014-reduce-saver-yield-target.md?ref_type=heads

- ADR 15: Refund BEP2 Synths Positions

https://gitlab.com/thorchain/thornode/-/merge_requests/3567/diffs#82a1dda6c6765fd2d14eec7ede507b3bd6098e50_0_1

- ADR 16: Affiliate Rev Share

https://gitlab.com/thorchain/thornode/-/merge_requests/3592

- ADR 17: Burn System Income

https://gitlab.com/thorchain/thornode/-/merge_requests/3618

7. Binance Smart Chain (BSC) Observance Issue

On 20-Jun, a BSC observance issue was encountered. A few alert nodes used the Node Mimir functionality to halt trading on BSC. After an update was pushed, the Node Mimir was again used to enable trading.

8. EVM Contract Whitelist has been Disabled in Mainnet

On 27-Jun, the EVM contract whitelist was disabled.

Context: https://x.com/jpthor/status/1806506065569452397

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