Rujira Announcements

After 10 days of discussions with both communities, the vote for ADR-31 is officially live! Nodes are encouraged to review the proposal, and vote on Mimir ADR031 to determine the path forward for THORChain and Rujira. Values: 1 = Option 1: Confirm and reinforce cooperation 2 = Option 2: Limited cooperation 3 = Option 3: Discontinue the App Layer on THORChain Anyone who wants to review the voting instructions, full proposal, and community discussion can do so in the THORChain Dev Discord - ADR 31 channel. To track the votes, you can use a couple of community pages, such as the page of RUNEbond or Familiarcow, and for a summary of the ADR, you can check out our article on X. https://x.com/RujiraNetwork/status/2079250492379869405

ADR 31 is live! ⚡️ Earlier today, we shared a proposal for the long-term alignment between THORChain and Rujira. It contains three different paths forward, with path one as our clear preference: a stronger partnership where both can focus on what they do best, complement each other, and work closely together to build a fair and decentralized financial system. For a summary of the ADR, you can read the announcement on X. You can read the full ADR and share your thoughts in the official THORChain Dev Discord

xUSK has received enough Node votes and is now enabled as a Switch Asset, which means you can start migrating your xUSK from Kujira to Rujira! You can migrate your xUSK via the Portfolio page until around the 1st of September, after which we will ask the Nodes to disable it again. If you are still holding USK, you can deploy your USK in the lending vault on Kujira to receive the debt token xUSK, which you can then migrate. Now that xUSK is enabled, we have also launched the xUSK/USDC pair, allowing you to trade xUSK and place limit orders to sell your xUSK. This pair will be used by Liquidy Finance for xUSK buybacks, with Liquidy DAO using 50% of its revenue to buy xUSK over time at a price of up to 1.20852 USDC per xUSK. Official announcement and more details here.

Big day today, with THORChain back up and Base Layer swaps flowing again! We have enabled deposits and withdrawals in the UI, which means Rujira is now back to normal. This also means it is time to get things rolling again and rebuild the momentum we had before the halt. Over the past few weeks, we have already made some really nice progress with the UI, and now we can shift focus back to improving auto-arb with the Base Layer and building the next AMM strategy, Dynamic Concentrated Liquidity (DCL). Besides the UI and product work, ADR-29 is also coming up. It will be a continuation of ADR-20 and describe the next phase for the partnership between THORChain and Rujira, and how we can work together more closely. We will share it with the communities and Node Operators after a couple of days of network stability and one final review. https://x.com/RujiraNetwork/status/2069397125910458531

Update #2 regarding RUJI Trade, Credit Accounts, and liquidations. All THORChain Nodes have upgraded to v3.18.1, Bifrost is back online, and Nodes are broadcasting oracle prices normally once again. With oracle prices restored, you can now add collateral to your borrow position again. To do so, head to the Borrow page, open My Positions, select Manage, and click Increase Loan In an earlier update, we informed the community about a 24-hour grace period before liquidations would resume. Since Bifrost halted during that window, the grace period will be extended. To give the community additional time to manage positions and add collateral if needed, we want to ask Nodes to keep liquidations paused for now, and to unhalt the Credit Account contract by setting Mimir HaltWasmContract-27duyt back to 0 tomorrow, May 26, at around 12 PM UTC. We will keep the community updated once liquidations resume, and when we have more information about v3.19 and THORChain returning to full functionality.

Update regarding the Rujira UI, credit accounts and liquidations. As requested by the THORChain devs, Bifrost is currently halted until the 3.18.1 patch is live (expected today or tomorrow) as an abundance of caution while vulnerabilities are being identified and patched. As a result, Nodes are currently no longer publishing oracle prices, which has been causing issues on our side with both the UI, credit accounts and liquidations. We are making changes to the UI so that RUJI Trade works without Enshrined Oracle prices, but seeing and managing your borrow positions, as well as liquidations, will not be possible until the Bifrost halt is lifted. To honor the 24h grace period, we ask the Nodes to keep the current halt of the Credit Account Contract, via mimir HaltWasmContract-27duyt, in place, and give the community ~12 more hours after Bifrost is unhalted so they have time to manage their positions. We will update the community once this 12h period becomes active. Link to post on X

Vultisig is going to pick up the reins and transform Station Wallet into the first agentic multichain wallet! You will be able to chat with, and even talk to, your own financial assistant and have it help you with omnichain DeFi on Rujira, all while you stay fully in control. Want to open a Custom Concentrated Liquidity position and earn with your BTC? Just tell the agent your investor profile and how much capital you want to deploy, and it will suggest a suitable range and parameters. You stay in control, as nothing happens until you verify and sign. Launching soon, initially focused on Terra investors and later with full support for DeFi on Rujira. And not to worry, the plan for a Sonar-like mobile experience is still very much on the table. It has always been an important part of Kujira and can’t be missed on Rujira. Full announcement here Vultisig/Station announcement here

We are very proud to announce the official launch of Custom Concentrated Liquidity, where you can step into the role of a market maker! Instead of passively providing liquidity, take control by defining your own strategy, choosing where your liquidity is active, and earning from real trading activity. It’s designed to be easy to use while still giving you full flexibility. If you are new to DeFi, you can start with simple, ready-made strategies. If you are more experienced, you have full control, advanced customization, and the tools to shape and track your own approach. CCL’s capital efficiency is also a key driver in scaling both Rujira and THORChain. Every dollar deployed into CCL on RUJI Trade strengthens the link between the App Layer and the Base Layer, improves arbitrage, enables better pricing on THORChain, and increases real revenue flowing back to RUJI stakers and the network. Guides and tutorials will be shared in the coming days and weeks, along with livestreams from Pragmatic Monkey to help you learn the basics and get the most out of CCL. Read the full announcement on X to understand CCL and its importance for both Rujira and THORChain If you already want to get started, open your first CCL position on RUJI Trade here

The $100k USDC borrow cap has been hit, which means it’s time for another increase, now to $200k! Lots of room again to borrow stables against your native BTC, ETH, and more. You can access borrowing here or read the full announcement and how to get started here

The Merge has ended! After a full year, the window to convert your Merge tokens to $RUJI is now closed. This also means that all Bonus Tokens have been distributed, and you no longer earn rewards by staying in the Merge contract. The next phase for $RUJI is all about staking, where RUJI stakers earn a share of the revenue generated by our products. Reward distribution is not live yet, as our current focus is on deploying products like CCL, bRUNE, DCL, and Perps. Once we have made more progress on the product side, we will finalize the remaining work needed to start distributing staking rewards. In the meantime, you can already start staking your $RUJI to be ready! A complete overview of how to withdraw your RUJI and how to stake is in the thread below. https://x.com/RujiraNetwork/status/2040839309809639734

Update regarding USK and the winddown of Kujira The problem: There is currently a mismatch between the debt and funds available in the lending vault, causing USK lenders to be unable to withdraw USK, while there is simultaneously also not enough demand on FIN for users to sell their USK, all while we are getting close to the end of Kujira. The plan: - xUSK holders will be able to migrate their xUSK to Rujira, in a similar process to the migration of NAMI, AUTO, and LQDY. - USK holders will be able to deposit their USK in the lending vault and receive xUSK at a ratio of 1 xUSK = 1.3428 USK. - Once everything is ready on our side, users should migrate their xUSK to Rujira as soon as possible, with the deadline set for the end of June. - We will open an xUSK/USDC pair, where Liquidy Finance will be the primary buyer of xUSK to pay off their 240,441 USK mint position debt, as previously determined in the agreement with the DAO. By the end of June, with the Merge finalized and the USK migration window closed, Kujira will likely come to an end shortly after, as validators will no longer have a reason to continue securing the network. We strongly encourage everyone to double-check that they have bridged all their assets out of Kujira, as we have noticed there is still ~$700k worth of exogenous assets on the chain. Make sure to bridge this as soon as possible to avoid permanently losing your assets due to the chain shutting down. Link to X article Link to Medium

We have entered a new phase of RUJI Trade! Most of the FIN v1.2 changes are now live: - AMM strategies can now start trading against each other - The strategies now have a 2.5 bps AMM fee, which means every trade generates revenue for the stakers - The Virtualization Strategy is now quoting on every Base Layer asset pair, and arbitrage with the Base Layer has officially begun - Once an outstanding issue with the Onchain Scheduler is solved and CCL is live, arbitrage will vastly improve Together, these upgrades lay the foundation for RUJI Trade to become a powerful revenue engine. As liquidity on the App Layer grows, the more we can arbitrage the Base Layer, the better quotes THORChain can provide users, and the more swaps that happen. All this will eventually lead to more arbitrage opportunities, more yield for LPers and traders, and more swaps, kickstarting the Rujira x THORChain flywheel. Our full focus now is on the missing piece: Custom Concentrated Liquidity. https://x.com/RujiraNetwork/status/2032160720285319552

Borrow caps have been increased! The cap is now set at $50k for all borrowable assets and will be further increased once RUJI Trade v1.2 and the Virtualization Strategy are deployed across all pairs. With more room to borrow on Rujira, we have also started the USK interest rate hike phase and made the first increase, from a 1% to a 10% interest rate. More details here

We are very excited to announce that bRUNE, the liquid staking token for RUNE, is live on Mainnet! It allows anyone to bond their $RUNE in under a minute and earn a share of THORChain revenue. We have rolled it out with a cap of 50k RUNE while we await the audit, and you can already try it by getting some bRUNE on the bRUNE/RUNE pair, and staking it on the Strategies page For details on how it works, how you can estimate the yield, and how it operates under the hood, you can read our article on X here or our Reddit post here We are also holding a small contest where the community gets to decide what the logo for bRUNE will be. Join and show us your design skills!

bRUNE is going to need a logo design, and we want you all to decide! Share your best design for bRUNE with us and help shape its future logo! Rules - Submissions are open for 7 days, until 6 February at 10 PM UTC - Submit your design as a reply to the post below - Format: 200×200, round, transparent background - All designs are welcome and anyone can join! Once the deadline has passed, we will select the top four and run a poll on X where we will pick the winner together https://x.com/RujiraNetwork/status/2017206216049758458

Democratized arbitrage on THORChain’s Base Layer pools is coming to Rujira! Better quotes and faster settlement times for Base Layer swaps, increased volume on RUJI Trade, and rewards paid out to RUJI stakers Because everyone deserves access to arbitrage opportunities. Link to X Article post Link to Medium Link to Reddit

With the foundation in place, 2026 is about adoption and growth. This year, we are focused on kickstarting the liquidity flywheel, generating real volume and revenue, attracting more users, and getting the word out. We will do this by building on top of existing products and primitives and introducing new ones, including: - New AMM strategies like Custom- and Dynamic Concentrated Liquidity - More debt products like Perps v2 and our own BTC-backed stablecoin - RUJI Leagues and a referral and affiliate system designed to increase adoption - UI and UX upgrades across the board Everything we work on ties back to growth that compounds and strengthens the ecosystem over time and builds toward our vision of creating a fair financial system for everyone. Below is the 2026 Roadmap and our focus for the year ahead. Link to X Link to Medium Link to Reddit

⚡️Weekly Recap - Week 01/2026⚡️ The first weekly recap of 2026. We hope everyone had a great time during the holidays with family and friends and is energized for an exciting year of crypto and Rujira developments! Rujira - 2025 was all about shipping, with the App Layer, $RUJI, the Merge, and the first live products setting the base for a fair financial system. A full recap of the biggest milestones in the post below. - AutoClaimer is live on RUJI Trade and allows you to automatically claim filled orders with one simple toggle. - Limit orders replaced fixed price orders with RUJI Trade v1.1, a change that should make it more familiar and intuitive for end users. - USK interest rates are starting to increase over the next couple of months, to encourage users with active USK debt to repay their positions and migrate their loans to Rujira. - A big milestone was hit, as the first ever position on Rujira was liquidated. - The bug bounty competition with Code4rena for Credit Accounts and Lending vaults is live with a $40k prize pool. Join and help us build a safer Rujira! THORChain, Rujira Ecosystem and Community - 2025 was wrapped up with a THORChain Space, sharing updates on lending, RUJI Trade v1.1, and what’s coming next. - AutoRujira needs your help deciding what automation to focus on next, come and vote. - THORChain shared its short term roadmap, with Solana integration coming soon, which means it won't be long till users can start using native $SOL across our products. - Dune, a big blockchain analytics platform, has integrated THORChain, and you can now use it to track TVL, volume, fees, and onchain activity. Link to X Link to Medium Link to Reddit

From building an entire App Layer from the ground up to launching our token and deploying our first products, 2025 was an important year of progress and laying the foundation for what is shaping up to be a very promising and exciting 2026. Big thanks to our amazing community and the builders across the ecosystem. None of this would have been possible without your support, and we are excited to keep working side by side with you to build a fair financial system! Below an overview of the major moments from 2025. Link to X Link to Reddit Link to Medium

USK Interest Rate Hike Phase CDP loans are now live on Rujira, and once the Credit Accounts and Lending Vaults bug bounty competition finishes on January 16, borrowing caps will be relaxed. This will give users lending alternatives for some assets on Kujira and allow them to begin migrating their positions to Rujira. This will also mark the start of the USK interest rate increases, in line with the plan communicated in the early days of Rujira. The timeline for the USK interest rate hike phase is as follows: - On January 16, when the bug bounty competition for Credit Accounts and Lending Vaults is expected to conclude, the USK interest rate will increase from 1% to 10%. - Starting February 16, the interest rate will double each month until it reaches 80% by April 2026. - Once 80% is reached, the rate will remain at that level until at least the end of June 2026, after which it will be reassessed. If you have active USK positions on Kujira, we recommend reviewing your exposure, planning ahead, and getting ready to migrate your assets and loans to Rujira as alternatives become available. You will find more details on the USK interest rate hike phase and how to migrate your assets to Rujira in the post below. Link to X post Link to Medium Link to Reddit