Rujira Weekly Recap 33: What’s New in Omnichain DeFi
Hi everyone,
Hi everyone,
Welcome to Rujira Weekly Recap, where we share all the interesting things that happened recently!
⚡️Omnichain DAOs with DAO DAO
DAO DAO has landed on THORChain! Anyone can now set up their omnichain DAO and easily access the assets and communities from all chains connected to TC.
Learn more about the potential of Omnichain DAOs below: https://x.com/RujiraNetwork/status/1953516683177390350
⚡️Vultisig integration
Our friends at Vultisig have been working hard over the past few weeks to get this shipped!
Vultisig users now have full access to the App Layer, enabling them to stake, trade, earn, and more.
⚡️$RUJI Refund Merge
We have refunded eligible addresses the $RUJI they missed out on because they were unable to merge their tokens during the period when the KUJI and rKUJI merge contracts were disabled.
If you are the owner of one of the eligible addresses, you should see the RUJI in your wallet.
⚡️Bitrue has completed the Merge
Big thanks to u/BitrueOfficial for completing the merge for both $KUJI and $LVN holders, and for distributing $RUJI tokens.
$RUJI is now listed and available for trading on Bitrue here:
You can find the official announcement here:
⚡️Enshrined Oracles are live on Stagenet
Testing of Enshrined Oracles is underway on Stagenet.
Enshrined Oracles will offer a robust and secure price feed, and they are highly flexible, opening up many exciting use cases in the future. The first application will be in RUJI Perps, enabling us to expand leverage to x50 and providing the flexibility to add many new markets, including the hottest meme coin of the moment, as well as stocks and forex.
⚡️RUJI Index is live!
We officially launched RUJI Index, powered by Nami Index, this week!Indices provide a simple and efficient way to invest in multiple native assets at once from a single interface, making it easy to follow and capture larger market trends in the Rujira ecosystem or the crypto market as a whole.
⚡️Track progress on the App Layer
We have heard your requests for more insight into the building process, and you can now track the progress of the main roadmap items on GitLab.
Available here: https://gitlab.com/thorchain/rujira/-/issues
⚡️Rujira x Bitcoin Cash
Great Spaces again last week. Together with great minds from the Bitcoin Cash community like TheBCHPodcast, FiendishCrypto, and h4lvor, we discussed what Rujira will enable for Bitcoin Cash and how we can work together, including some interesting angles with Cauldronswap and MoriaMoney.
⚡️Nami’s yTCY index is live
The Nami Index team has launched their second index, yTCY. It’s composed of 80% TCY and 20% RUNE and offers a great way to capture THORChain fees, maintain exposure to $RUNE’s price, and stay fully liquid at the same time. A very popular index, as it already hit $250k in TVL in just over a day!
⚡️Liquidy Finance’s Migration
The $LQDY migration has started, and it only takes three simple steps to get set up.
- Unstake in the old DAO on Kujira (unstaking period is now instant)
- Migrate your MNTA tokens (as part of the rebranding, you will receive LQDY tokens in return)
- Stake your LQDY in the new DAO
Important: The initial DAO setup on Rujira had an issue, which required creating a new DAO. As of now, five more users still need to unstake, so make sure to do so.
⚡️AutoRujira Migration has started
AutoRujira has also officially started the migration of $AUTO from Kujira to Rujira. Three simple steps to begin migrating:
- Unstake in the old DAO on Kujira (unstaking period is now instant)
- Migrate your AUTO tokens to Rujira
- Stake your AUTO in the new DAO
⚡️CALC Finance enters audit phase
CALC Finance has entered the audit phase, which means DCA is now very close.Soon you will be able to run on-chain decentralized DCA with native $BTC, $XRP, $LTC, and $ETH.
That’s it for this time, have a great week everyone!
