Rujira Weekly Recap 42: What’s New in Omnichain DeFi

Hi everyone,

Welcome to Rujira Weekly Recap, where we share all the interesting things that happened recently!

⚡️Recurring orders

Recurring orders have been live for a couple of weeks now, allowing users to set automated buy and sell orders at a chosen interval.

Want to learn more about Recurring Orders and set up your first DCA? Step-by-step instructions below:

⚡️Lending options

Using native $BTC, $XRP, $LTC, and $DOGE as collateral already makes Rujira unique, but we are taking it one step further. Swap your collateral, use limit orders as collateral, and multi-asset collateral are all coming to Rujira.

CDP Loans are live on Stagenet and will soon be available for the community.

⚡️Fair Liquidations

Last week was a turbulent week with many liquidations, but we have unfortunately seen again that it’s often not as transparent and fair for users as it should be.

Liquidations on Rujira will be a game changer. Users being liquidated will get the best possible price and full transparency since everything happens on-chain. Users on the other side can bid on these liquidations and get up to a 30% discount.

The community wins.

⚡️Bug Bounty with Code4rena

We have partnered with Code4rena to host our bug bounty, with rewards of up to $25K for anyone who finds valid vulnerabilities across our products.

Full details of the bug bounty program below.

⚡️NotifyU liquidation notifications

NotifyU already has notifications for RUJI Trade and Perps, and is now expanding its bot with borrow LTV alerts, warning you whenever your position is close to being liquidated.

⚡️Bloctopus upgrade

Building on Rujira just got even easier!

Set up your own THORChain network test environment in under 5 minutes with the latest Rujira contracts, deploy your own contracts, and start testing.

View a short demo down below.

⚡️Nami Merge reminder

Less than a week left, till the 22th of October, to merge your $NAMI tokens to $RUJI to receive the full conversion rate, after which the decay rate kicks in.

This will also mark the beginning of merged tokens earning Bonus $RUJI from unconverted $NAMI.

⚡️THORChain x JP

Yesterday, there was a THORChain Spaces with JP THOR discussing the latest developments for both THORChain and Rujira.

If you want to learn more about THORChain’s upcoming intents, Monero chain integration, and Rujira’s credit accounts and liquidations, listen here:

⚡️Marketing update THORChain

After the approval of ADR-21, THORChain marketing is in full motion. Their front end is live on Swap.thorchain.org, and recent efforts have focused on hiring a CMO and getting him up to speed on THORChain.

The next focus areas are SEO, improving the front end, and connecting with research platforms.

Looking forward to seeing these marketing efforts pay off, and to future co-marketing campaigns between THORChain and Rujira.