THORChain to Launch Version 3.8 on Mainnet on July 16th

THORChain has shared its integration timeline for Solana. Version 3.8, including EdDSA support required for Solana vaults, is scheduled to go live on mainnet on July 16.

Version 3.9, which will bring Solana support, is set to enter Stagenet next week. If testing is successful, a mainnet upgrade will follow two weeks later. Barring any delays, Solana should be fully live on THORChain mainnet within a month.

RUNE Info

THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.

The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.

The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.