ThorChain Weekly Dev Update #100

THORChain released Weekly Dev Update for Week 100: 2nd ETH Exploit, Chain Halted, Reviewing Information, Bounty Program Update, MCCN Updates 0.61.0, 0.62.0, 0.60.1 Midgard Update 2.4.0, Community Updates.

This marks 100 weeks of development updates! Nodes were updated following the first ETH exploit and network resumed trading. Nodes & Midgard updated. A big community development update given. A second ETH exploit was detected and trading was halted. Information has been gathered and is being reviewed to decide the best course of action going forward. Passionate community engagement seen after the exploit.

🔹ETH Exploit, Chain Halted and information gathered

THORChain suffered another ETH based exploit and the protocol was halted again with the intention of it being a longer halt. This promoted a very large community response. Data has been collected regarding the exploit.

1. The Data https://www.notion.so/THORChain-Incident-07-16-e08a7be6cf4c4bce95ba2636759709e2#c5f8922b241c47888767012c89a8af1d
2. The Proposals going forward https://www.notion.so/Proposals-6eb7f21707f647fe8dbbd5ae5867a044

Information is being reviewed — it take time before the protocol can be fully operational.

On the haltTrading Actions by mimir:

1. Originally halted on blockheight #1480200 (https://viewblock.io/thorchain/tx/F43F6B3D34E787132C51A64784E8C32ED6F167DF44E91796C9780D9700E14A98)
2. Momentarily re-enabled on #1482145 https://viewblock.io/thorchain/tx/01153E28C6A3B706D8CDD41B259600E02290E50C2FA2713189B6CFE83C29B330
3. Halted again #1482401 (25 mins later) https://viewblock.io/thorchain/tx/5D215660B98071913E0037913BE9428410BDA72FA400A01701801FABFD310F4B

On review of the data, this was the incorrect thing to have done, and mimir-admins are reviewing their decision-making processes with respect to this incident. mimir-admin is a temporary measure until mimir-node is enabled.

🔹Bounty Program Update

There is a recognised need for a formal bounty program. The team is working with the community to draft a formal bounty program and will be released soon.

Updates

UPDATE 0.61.0

1. [ADD] Chain-specific halt trading. PR: https://gitlab.com/thorchain/thornode/-/merge_requests/1807
2. [ADD] Purge ETH chain txs on outbound queue. PR: https://gitlab.com/thorchain/thornode/-/merge_requests/1818

UPDATE 0.62.0

[bugfix] execute irregular update to v62 . PR: https://gitlab.com/thorchain/thornode/-/merge_requests/1825

UPDATE 0.62.1

Goal of release 0.62.1 is to allow bifrost to sign all ETH outbound transactions again. This release contains the following two changes

1. Revert the logic which skip all ETH chain outbound transaction. PR: https://gitlab.com/thorchain/thornode/-/merge_requests/1824 2)
2. Whitelist smart contract address. PR: https://gitlab.com/thorchain/thornode/-/merge_requests/1821

🔹Midgard Update 2.4.0

Midgard version 2.4.0 pushed to Chaosnet https://gitlab.com/thorchain/midgard/-/releases/2.4.0

Community Work

THORChain.com

• Redesign based on community mockup
• Copy editing
• Improved Learning Resources page

What is THORChain?

THORChain is the first decentralized protocol to actively address liquidity by incentivizing users to stake liquidity rather than store assets in cold-wallets or completely off-line.

📰 INFO:

https://medium.com/thorchain/weekly-dev-update-100-493eb99ce7cd