In this series, TCU aims to give regular condensed “state of THORChain” updates. Enjoy!
1. Implementation of Proposal 6 to Unwind THORFi
On 2-Feb, nodes voted to adopt Proposal 6 (written by cofounder of Maya Protocol, https://x.com/aaluxxmyth) to wind-down THORFi: https://gitlab.com/-/snippets/4801556. Full efforts are now ongoing to implement this.
On 8-Feb, a multi-stage Implementation Plan was published: https://gitlab.com/thorchain/thornode/-/issues/2152.
On 11-Feb, nodes voted to stop Block Rewards by setting the EMISSIONCURVE Mimir to 100000.
Implementation of the rest (e.g. $TCY claiming) are in progress.
2. Ethereum Chain Paused
On 2-Feb, swapping on Ethereum chain was paused by the auto-solvency checker:
Less than an hour later, the issue was resolved and swapping resumed.
3. Mainnet 3.2.0 Upgrade
On 10-Feb, Mainnet 3.2.0 upgrade was adopted: https://gitlab.com/thorchain/thornode/-/tags/v3.2.0
Highlights:
- Remove admin mimir
- Add liquidity_tolerance_bps parameter on quote/swap endpoint for better frontend experience
- THORFi cleanup: allow nodes to pause withdraw/deposit for RUNEPool, remove BurnSynths and PauseLoans from Operational Mimir, do not attempt to process savers withdraw if BurnSynths is disabled
4. BTC LP Paused
On 19-Feb, BTC LP withdrawals were paused.
5. Increase Number of New Nodes per Churn
On 21-Feb, a call was issued to nodes to vote to increase the number of new nodes per churn from two to four. This was passed.
6. Response to Bybit Exploit
On 21-Feb, the centralized exchange Bybit was exploited, and subsequently, some of those funds were swapped through THORChain. There were some Nodes who wanted to pause ETH & BASE swaps to have time to implement some code to deal with the issue; while some other Nodes preferred to keep the swaps operational. The operational node Mimir to pause swaps is a simple majority vote, and at time of writing, swaps are still operational.
7. Updates on Solana Integration
Work is progressing on Solana integration. Some updates on Dev Discord:
7. GrassRoots Crypto Video Update
GrassRoots Crypto published a video update: https://youtu.be/Vigy8uxTt1c
===
Please feel welcome to join the THORChain University Discord to chat about this topic or any other THORChain interest you may have.
*New!* The Bifröst School: A robust, incentivized,freeon-chain learning program that teaches THORChain users everything about its mechanics, design, and features.
Explore THORChain: Website, X, Telegram, Developer Discord.
Explore Maya Protocol, the first friendly fork of THORChain: Website, X, Discord, Telegram.
Decentralized, permissionless, non-custodial, trust-minimized, open-sourced, economically-secured, non-wrapped, native-to-native cross-chain swaps, and soon cross-chain DeFi via AppLayer!
Related articles
![THORChain May 15, 2026 Exploit Report #1]()
May. 20, 2026
THORChain Exploit Report #1
![]()
May. 14, 2026
Explanation of the 6 Preset Strategies to Help Create Your CCL Strategy
![]()
May. 13, 2026
The Casino Problem: When Crypto Forgets What It Was Built For
![]()
May. 12, 2026
THORChain Protocol Upgrade v3.18
![]()
May. 11, 2026
Dash is coming to THORChain
![]()
May. 8, 2026
Monero Merged, Reserve Burn, Marketing Update | Podcast #196
![]()
May. 7, 2026
Marketing Update: Feb - March 2026
![]()
May. 5, 2026
RUJI Staking Rewards Are Live, Earn Real Protocol Revenue on Rujira
![]()
May. 4, 2026
Bior Labs Cards Are Imminent: Bill Pay, $10K Virtual Cards and a Stablecoin Alpha
![]()
May. 2, 2026
Live from Bitcoin Vegas: 2 bps Stable Swaps, v3.18 Next Week and the Affiliate Revshare Plan
![]()
Apr. 30, 2026
THORChain Quarterly report - Q1 2026
![]()
Apr. 29, 2026
bRUNE Staking Cap Increased to 2 Million, How to Stake, and Earn THORChain Yield
![]()
Apr. 28, 2026
Protocol Upgrade - v3.17.0
![]()
Apr. 27, 2026
Unstoppable: The Best Privacy Wallet – THORChain Mobile Interface
![]()
Apr. 24, 2026
THORChain Stands for a Permissionless and Decentralized Ethos
