JP is back—okay—if you're also interested in the current status of @Thorchain, $Rune, and $TCY, this summary from the last Space might help: xitter.cf/THORChain/status/19777… Key Statements & Announcements Major Infrastructure Changes: • Opt-in Chain Clients: Revolutionary shift from requiring all 100 nodes to run every chain client to letting nodes choose which chains to support based on risk/reward • ChainNet: New staging environment being developed to test experimental chains and features • Intents Protocol: Decentralized matchmaking system for any-asset-to-any-asset swaps without counterparties, subsidies, or agreements Technical Roadmap: • Limit swaps and rapid swaps in pipeline • Memoless inbounds merged, outbounds coming soon • Router V6 design allowing direct vault-to-user transactions for ERC20s • Monero integration planned with custom TSS implementation (Q1 timeline) • Zcash exploration for privacy features Token RUNE Token: • Remains core to system income collection and fee distribution • All new chains (including opt-in ones) contribute to system income • Annual bid pressure from fee collection maintains tokenomics TCY Token: • 10% system income allocation remains unchanged forever • Continuous APY regardless of node operator changes • No modifications planned to current distribution model Lessons Learned & Planned Changes What Hasn't Gone Well: • Bottlenecks in rolling out new chain clients (currently 5-6 ready but stalled) • Third-party aggregators (SwapKit) capturing 25 basis points by filling route gaps ThorChain couldn't serve • Perps rollout delays due to oracle pricing concerns • Security concerns around Monero integration previously abandoned Planned Solutions: • Opt-in chain clients to eliminate coordination bottlenecks • Intents system to recapture aggregator margins • Enshrined oracles to improve perps pricing • Risk-managed approach to privacy coins integration Assessment of Concreteness Highly Concrete: • Technical specifications for opt-in chain clients clearly defined • ChainNet staging environment actively being built with dedicated team • Specific fee structures and reward mechanisms outlined • Memoless features already partially implemented Moderately Concrete: • Intents protocol has detailed technical design but implementation timeline unclear • Monero integration has research lab contract but subject to typical developer delays • Credit accounts and lending features conceptually solid but dependent on Ruji team execution Vague/Aspirational: • Exact timeline for most features ("next 6-12 months") • Specific token lists and supported assets for Intents • Quantum computing threats to Bitcoin (5-year horizon) Mood Assessment Overall Tone: Cautiously Optimistic with Builder Mentality • Strong technical confidence in solutions being developed • Pragmatic about challenges and realistic timelines • Defensive positioning against competition (SwapKit, other protocols) • Emphasis on "adapt or die" philosophy • Frustration with current bottlenecks but clear path forward • Community engagement positive with technical questions welcomed • Long-term vision remains intact despite short-term execution challenges Key Sentiment Indicators: • "We just need to keep building" - repeated emphasis on execution • Recognition of competitive threats driving urgency • Pride in protocol's money-making capability and decentralized security model • Willingness to abandon previous approaches (like original Monero design) when needed The discussion reveals a mature protocol team making strategic pivots while maintaining core principles, with concrete technical solutions to current limitations but realistic about implementation challenges. @THORChain @KentonC137 @jpthor @WithTheCoke