Cognizer of DeFinomic; THORChain ᚱ unNe ᚱ ⚡️;

Because the concept of THORChain is inherently what we’re all here for: the freedom to move assets wherever we want, without intermediaries There was a time when permissionlessly moving between chains wasn’t possible, and TC pioneered bringing that vision to reality
1
3
30
Codiar retweeted
. @CBarraford did amazing in the most hostile ambush ever and they couldn't even find a way to clip him to make him look bad despite doing the most; it actually won me over to the THORchain side of this "debate" whereas I was a bit skeptical before . . .
22
37
257
12,582
You mentioned that THORChain does money laundering during this stream like 10+ times @laurashin When you push narratives like that, can you at least try to keep definitions right, pls "Money laundering is the process of illegally concealing the origin of money" @THORChain doesn't conceal or obfuscate anything. In fact, the opposite. All transactions can be tracked and traced onchain
THORChain cofounder Chad Barraford reacts to a Chinese crime syndicate recommending THORChain to ZachXBT for money laundering Laura: "Today, ZachXBT released an investigation in which he went undercover and exposed a Chinese crime syndicate that laundered the $1.5 billion in Bybit funds. And in his conversation with this guy, Jimmy, at some point, Jimmy suggests to Zach that Zach can also get into the money laundering business, and he messages Zach and he says, quote, 'Think you can do it too. All you need is Thor cross chain.'" "So how do you feel about that? That this Chinese crime syndicate is recommending that he use THORChain to get into the business of money laundering." Chad: "So THORChain is not a money laundering service, right? There's no obfuscation of information whatsoever. When you trade from Ethereum to Bitcoin, it is clear text to everybody in real time of where that money is going from and where it's going to." "THORChain doesn't do mixing of any kind. That makes no sense. You can make the same argument about, like, well, you should become a Bitcoin miner because you could make the argument in any decentralized protocol. What's the difference?" Taylor: "I mean, I'll also say the reason that we met Jimmy was because of the THORChain Discord. Literally, the money launderers are in the THORChain Discord." Chad: "Yeah. And I'm sure the people on, like, Silk Road were in the IRCs or the Bitcoin forum, right? Like, that's not indicative of anything other than just a diverse community around it."
10
13
119
3,742
Codiar retweeted
Up front admission: I haven't watched this in full, I skipped around a lot and listened to ~2-3 minute segments. Of the stuff I heard: Thumbs up to Taylor's recommendation that the TC treasury consider returning some of the swap fee earnings back to BitGet (Chad acknowledged he'd talk to the treasury about it). Thumbs down to whatever the weird angle was about "being attacked by thortards" and "social impact implications" -- I don't know what this has to do with the protocol. Hold community members accountable on an individual basis. TC community does have disagreements (many and often, in fact), including long-term ones. A good example is Boone, who is a core TC ethos advocate, but expresses a lot of ideas that get a lot of pushback. But he keeps on trucking, staying the course and proposing both good and bad ideas (subjective). Agree with Chad that Taylor is one of the biggest drama instigators in the TC space. Taylor, it would do you well to simply not behave that way. If you have shitty people in the TC community "making" you that way, then be the better person and don't fall to their level. The only aspect of this I'll concede to is that for many years the main TC X account was fairly drama-instigating; it's run by different individuals these days (past couple years). Thumbs up to Chad when he said it's completely inappropriate for community to say misogynistic or personally insulting shit. Overall: hope both Laura and Taylor learned something. And I appreciate Chad continuing to have an open mind.
I host THORChain core dev @cbarraford and @tayvano_ on the Bitget hack: what a Mimir vote can and can't do, the per-chain signing halt three nodes could trigger, and who collects the fees when DPRK swaps to BTC. Monday 3:20pm ET x.com/i/broadcasts/1qKDzWEWe…
5
2
40
1,351
Both Laura and Taylor entered that interview with a hostile mindset, and it wasn't a debate, it was a 1v2. Despite that, I think it was a good conversation. And if the hosts didn't learn anything, I hope some of the viewers did.
Taylor presses THORChain cofounder Chad Barraford on why the protocol wasn't shut down when stolen funds were nearly 100% of one route Taylor: "Okay, so what happened in this case?So the admin key was used as an interim stop. And then the protocol was upgraded to take the actions. In reaction to a situation that was deemed to be bad by the protocol. Chad: "By a 2/3 majority." Taylor: "Okay. So why couldn't you do that in any case where, let's say, the majority of funds on a certain route are known to be directly stolen funds? What you did for THORFi, right? You take an interim action and then you do whatever you want to do." Chad: "Right. So the action you're referring to is, like, turn off trading, for example, right? To be clear, the admin key that we're talking about doesn't even exist in the code base today. It did a while back, but it no longer exists. It was removed, I don't know, a year ago, a year and a half, I don't remember how long ago it was." "But even if it still was around, you want the protocol to turn off its entire system and all the trading that it does, and the source of revenue and income, for 1 to 2 weeks every time some external exchange or external thing gets hacked." Taylor: "I'm advocating for it if that's the only functionality you have, right? And the vast majority of funds. So, like, for example, the XRP to ETH route, right? We can look at the numbers, but it was not 20%. It was not 50%. It was nearly 100% of assets on that route for that period of time that were directly stolen funds." "If you turned it off, I'm not saying a time limit. I'm saying any amount of time, right? That would have cut them off somewhere else, right? And then you wouldn't have laundered stolen funds for DPRK." Chad: "No, that's not right. That's not correct."
7
7
93
3,881
Codiar retweeted
THORChain's Zcash support is just getting started... Just days ago, on October 2, the official $ZEC pool on @THORChain went live, with every THORChain node now watching the @Zcash blockchain directly. According to official communications, the $ZEC pool is in soft-launch phase, with liquidity expected to grow significantly over time. Earlier today, THORChain even added a fresh $51,000 to the pool, which is now deep enough for small swaps to run efficiently, while the integration grows to accommodate larger transactions. Just the beginning... bscnhive.com/thorchain-now
Paid partnership (ad)
8
20
137
27,316
Codiar retweeted
WSX NEWS: 🔥 THORChain @THORChain has taken another major step toward native $ZEC support, with the Zcash liquidity pool officially going live on October 2 after the network completed its latest churn. Every THORChain node is now monitoring the @Zcash blockchain, creating a permissionless liquidity venue for $ZEC. The integration is still in its early phase, with native trading positioned as the next step and liquidity expected to deepen over time. The latest community updates also show roughly $51K in additional liquidity added to the pool Giving the rollout more depth as the Zcash integration continues to develop. 👀 The ZEC expansion is only getting started, with more liquidity and broader trading functionality still ahead.
10
6
90
9,750
Codiar retweeted
🗺️ ECOSYSTEM RECAP Here's what happened last week ⤵️ Headline News $ZEC pool is live on THORChain. @Maya_Protocol is back. MAYAChain v1.133.0 is live after the recovery migration. Launches @mocadotapp added $ZEC swaps and routed one through the new pool the same day. @thordex_ipfs launched THORDEX Zcash: swap $BTC into $ZEC with 0% THORDEX fees. @THORXMR now supports $ZEC trading. DeFi for $ZEC is coming to @RujiraNetwork, with plans to support it across trading, CCL, DCL, lending and borrowing. @BooneW added @Ledger support to tcli, the agent-facing THORChain MCP/CLI. Community @raynalytics built a dedicated Zcash dashboard to track the $ZEC pool from day one.
6
14
109
7,418
Want your coding Agent to know @cursor_ai, @Microsoft Copilot, @claudeai Code and @GeminiApp CLI (+ work with 3M other agents)? Give it one file 👀 `AGENTS.md` Agentverse Skills teaches tools like the above how to: → Search @Agentverse_ai by @Fetch_ai → Inspect Agents → Chat with them → Deploy new ones → Manage hosted Agents → Generate images → Query ASI:One (asi1.ai) Each Skill is a `SKILL.md` + standalone Python script. No Agent framework required. Your AI coding assistant can now work with the Agent ecosystem too. Pretty handy! ✍️ @WSana81
4
20
93
5,895
Codiar retweeted
Introducing: THORDEX Zcash 🛡️ Swap your bitcoin into zcash:native over decentralized rails, with 0% THORDEX fees, then shield it in your Zcash wallet. To celebrate the launch of ZEC on @THORChain, ZEC is now the default receive asset. thordex.eth.limo
4
11
69
2,051
Codiar retweeted
Zcash has become an unstoppable force onchain Every exchange will be forced to add it or get left behind Zillions.
3
4
51
1,043
Codiar retweeted
As part of the $ZEC soft launch, the THORChain Treasury just added ~$51K of liquidity to the pool. Pool depth is now $63.45K, enough for small swaps to get decent execution. ⚡
As mentioned at launch, ZEC is currently in a soft-launch phase. Liquidity in the pool is still shallow, so larger trades will naturally face higher slippage for now. As liquidity scales over time, so will the size of trades the pool can efficiently support. x.com/thorchain/status/21059…
10
25
246
11,604
Codiar retweeted
Wow, what numbers for THORChain. $3M in earnings over the last 30 days. Decentralization and permissionlessness are proving themselves in the market. We are the future. Valhalla 🪐 Source: runewatch.org thorchain:native
4
16
119
2,975
Codiar retweeted
Tbh comms is definitely one of @THORChain's weaknesses so I wanted to better explain the process of rolling out a new chain integration > chain code live This means that the code to support the chain is adopted by the validators. In $ZEC's (and $XMR's) the code went live with 3.20 in late August > Dameons live TC validators must run full chain daemons for each chain TC supports. TC has to wait for each validator to start their's up. > bifrost The chain must be added to TC's communication and transport layer > vaults churn TC's active validator set is re-selected regularly (ideally every 3 days). A churn is necessary for the new vaults for the new chain to be created. > have pool be active Once the vault is created, the swap pool can then be instantiated. It then needs liquidity to be added. Liquidity is kept very small upon launch while the integration is tested on mainnet. >then have swaps go thru well Testing is largely that swaps and the churn are working correctly. $ZEC is currently here. >make sure everything is working smoothly in production Only then is liquidity slowly deepened, which finally enables swaps to offer acceptable execution.
The $ZEC pool is now live on THORChain. The network churned and every node is watching the Zcash chain. @Zcash now has a truly permissionless venue. Trading is the next step. Liquidity is shallow for now and will grow over time, so trade with caution in the early days.
4
17
102
4,844
Codiar retweeted
As mentioned at launch, ZEC is currently in a soft-launch phase. Liquidity in the pool is still shallow, so larger trades will naturally face higher slippage for now. As liquidity scales over time, so will the size of trades the pool can efficiently support. x.com/thorchain/status/21059…
The $ZEC pool is now live on THORChain. The network churned and every node is watching the Zcash chain. @Zcash now has a truly permissionless venue. Trading is the next step. Liquidity is shallow for now and will grow over time, so trade with caution in the early days.
17
24
227
22,269
This shit staged just like the limitbreak “hack” lmao 😂 don’t nobody talk like this but a mf on his other phone messaging himself 😅😅😭😭😭
9
7
63
3,072
Codiar retweeted
Zcash just got a new way to move. THORChain has activated its native $ZEC liquidity pool which enables direct permissionless $BTC to $ZEC swaps without wrapped assets or intermediaries. Even Bitcoin can't escape alts.
21
39
289
9,134
如果 $RUNE 真的成为比特币、以太坊、ZEC 和 Moreno 的真实的 DEX,那么它相对于以太坊上的 UNI 市值就会更接近。这个大约是每个 $RUNE $90 到 $200
21
14
135
7,426
Codiar retweeted
Real BTC, real ETH, real ZEC sitting in the vaults. No wrapped versions, no bridge IOUs, no custodian holding the other side. Then the supply. Every node bond is thorchain:native bought and locked. Every pool is thorchain:native parked as liquidity. Yield is paid from swap fees, and nothing new is minted to fund it. No emissions, no dilution. No account. No approval. Nobody to ask. zcash:native's pool is live. monero:native soon.
If $RUNE should be the de facto DEX for Bitcoin, ethereum, ZEC and Moreno then it becomes nearer to UNI mcap relative to Ethereum's mcap. This is around $90 to $200 per $RUNE
3
6
33
1,309
Codiar retweeted
Laura has platformed and propagated an impressive amount of misinformation about @THORChain recently, so allow me to set the record straight. To her credit though, Laura will be having TC co-founder @CBarraford on her show on Monday, to finally provide the other side to the story. @tayvano_: “It’s not decentralized” THORChain is very unique in all of crypto. It is no surprise that Taylor does not understand it, because while it superficially very much resembles other chains and protocols, it is not actually like any of them. Perhaps the easiest way to conceptualize and understand TC is to view it as a start up, ran by a DAO, that utilizes a blockchain, to offer permissionless native cross chain swaps. TC is a Startup The thing that TC is most is a cross chain decentralized exchange - a business. TC collects a fee for allowing users to permissionless trade a native, L1 token on one chain for a token on another. Businesses, as is hopefully obvious, cannot be immutable. They must be able to adapt to the market in order to remain competitive. Thus, the TC *protocol* is NOT immutable. It is governed by a DAO. TC is a DAO TC’s ultimate decision makers are its Node Operators, which control its Nodes. They vote onchain and thereby control the functioning of the protocol. Each Node gets one equal vote. They decide what version of the chain code to adopt, and thus also determine consensus. A 2/3rds super majority of nodes can do essentially whatever they want. There are also several protocol processes that only require a simple majority to enact a change. TC utilizes a blockchain TC nodes run and validate the THORChain blockchain, which is a Cosmos tindermint chain. The TC blockchain IS immutable. Already we see how this can be tricky. The TC protocol is not immutable, but the TC blockchain is immutable - easy to confuse or conflate these two things. TC offers permissionless native cross chain swaps In addition to validating the TC blockchain, TC nodes also run full nodes for every chain that TC has integrated: $BTC, $ETH, bitcoin-cash:native, litecoin:native, $DOGE, BSC, $AVAX, $SOL, GAIA, TRON, $ZEC, BASE, and $XRP. TC Nodes are split into groups of 16-20 called Asgard vaults, and each vault forms a giant multisig (TSS) wallet to custody exogenous assets - native tokens of each of those chains in the most trust-minimized way possible. These exogenous assets are paired with TC’s native token $RUNE in k = xy swap pools to allow TC’s users to swap between real, native, L1 tokens. TC’s guiding star is permissionless swaps. It is this criterion that shaped everything else about the protocol. TC believes that permissionless money needs a permissionless market. Permissionless swaps are baked into TC’s very bones. There is nothing in the TC codebase that allows it to censor addresses or transactions. It is blind to the provenance of the funds that flow through it. How decentralized is THORChain? At the time of this writing, there are 103 active nodes (with another 15 eligible and waiting to join the active set). So 69 of them cooperating control the network. However there are Node Operators (human individuals) who run more than one node (multi-node operators, MNOs) and thus have more than one vote in the TC DAO. Due to the sybil problem, it is impossible to definitively determine how many people are required to meet that 69 node threshold. My honest guess is it’s somewhere around 20 currently. Now 20 people might not sound like that many, but again, nothing in TC is as simple as it looks like from the outside. MNOs source bond from Bond Providers, and usually have a relationship with them. A BP’s influence upon a NO is roughly equivalent to the amount of RUNE bonded. Thus, decision making is actually diffused throughout hundreds of BPs, and essentially all of them believe in permissionlessness. NOs who vote against the will of their BPs will lose that bond, which dictates how many nodes they can run. So in practice, it is the totality of RUNE holders that bond their RUNE (of which there are currently 736) that determine the choices of the protocol. Understood this way, we can see that the TC DAO is actually very decentralized, and that it is the BPs, moreso than the NOs, that truly govern the network. Additionally, TC is currently experiencing a NO explosion as numerous community members are being mentored and raised up by the experienced MNOs. MNOs are altruistically giving up their income and nodes so that TC may become more decentralized. > "It's not secure" TC, like many DeFi protocols, has suffered a few exploits and has lost money thereby. However users have always been made whole from these exploits, and no swapper has ever lost funds. > "They've reallocated assets" Taylor’s most correct and most damning allegation. TC created two poorly designed financial products, Savers and Lending (collectively known as ThorFi), that were essentially bad RUNE/BTC options and these blew up in early 2025. TC did end up confiscating user funds, but issued a preferred equity token to them with the aim of eventually making it back to them. There's no sugarcoating this, it is a huge black eye for TC. > “Code not open source” TC is open source, with the very minor exception that its TSS library (the source of its May 2026 hack) is temporarily closed source while its cryptographic security is reviewed and assured. The TSS library is expected to once again be published with the next release, 3.21. > “It’s not permissionless” TC swaps are permissionless. Protocol actions/choices are determined by consensus of the DAO, as has been discussed. > “There’s an admin key” There is not. It was deprecated in Jan 2025, right after it was used to set off the ThorFi collapse. > “Stopped the chain” Correct, the DAO stopped the chain to fix what was broken. > “The actual people behind it is dwindling to nearly zero” The exact opposite actually. As discussed above.
"They all consider themselves these cypherpunks. It's actually insulting, because it's not decentralized. It's not secure. It's not open source. It's not permissionless. It's basically the opposite of everything these guys purport to stand for." Taylor and Kain on why they think THORChain is no more decentralized than Arbitrum Kain: "THORChain has done this. They've done the Arbitrum thing. They've used the key multiple times. So they are in the same category as Arbitrum, in that they have actually done the thing and reached in and stopped the chain for their own reason." Taylor: "But they've also reallocated assets, more than once, internal to their system. So that's not just a phrase. That's seizing assets that don't belong to them, arbitrarily. Changing the balances of accounts in your system." "Right now the code is not even open source. There's some private distro channel with, I don't know, five bros in it who are running all the nodes. I would honestly say it took more people to action the Arbitrum thing than it would to action the THORChain thing. For Arbitrum to do what they did, the amount of coordination was actually hundreds of people." "THORChain always brags that it's hundreds of nodes, but that's not the case. The actual people behind it is dwindling to nearly zero, day by day." Kain: "I genuinely don't understand how someone can get on the timeline and be like, sorry man, it's just a willingness thing."
14
37
183
4,737