THORChain Details Node Governance Rules for Upgrades and Fee Changes
Every active node gets one vote regardless of its bond. Software upgrades and fee changes need support from two-thirds of the 111 active nodes.
Key Takeaways
- THORChain has 111 active nodes, and each one bonds at least 300,000 RUNE.
- Software upgrades and fee changes need approval from two-thirds of active nodes, at least 74 votes.
- Operational Mimir settings need just three node votes, and the network halts swaps automatically when it detects insolvency.
THORChain (RUNE) published its governance rules for network upgrades and fee changes, according to a November 7, 2026 report. The network runs 111 active nodes, and each one bonds at least 300,000 RUNE as collateral. Every node gets one vote. Major changes need support from two-thirds of active nodes, which is at least 74 votes.
How THORChain Node Voting Works
Developers and community members propose changes through open discussions on Discord. The ideas get reviewed by participants, refined and turned into code by developers. Nodes then decide whether to adopt the new software version, and at least two-thirds of active nodes must approve. THORChain says decisions are made directly on the blockchain, so an important change only passes when the node set backs it. The size of a node's bond does not change its voting power. Economic decisions, including fee changes, follow the same two-thirds threshold. Proposals that reach the node stage have already been discussed in public, so votes tend to cover changes the community has already reviewed.
What Mimir Parameters Change
Nodes also control network parameters through Mimir, which lets operators adjust settings without a full software upgrade. Operational Mimir settings, particularly security ones, need only three node votes. Four nodes can vote to rescind an operational setting, and five votes can then counter that decision.
How THORChain Handles Security Automatically
The bond each node posts is collateral for honest behaviour, and one vote per node keeps large and small operators equal. Not every network action needs a vote. THORChain automatically removes two nodes every three days and halts swaps when it detects insolvency, according to the Blockonomi report. The rules give node operators direct control over upgrades, economic parameters and certain security measures. THORChain is a cross-chain decentralized exchange that settles swaps between networks. Traders can follow the market response on the THORChain price chart.
Frequently Asked Questions
How Does THORChain Governance Work?
THORChain's 111 active nodes vote on upgrades, fee changes and security settings. Each node has one vote and bonds at least 300,000 RUNE.
How Many Votes Does a THORChain Upgrade Need?
A THORChain software upgrade or fee change needs approval from two-thirds of active nodes, at least 74 of the 111 nodes as of November 2026.
What Is Mimir on THORChain?
Mimir is the THORChain mechanism that lets node operators change network parameters without a full software upgrade. Operational settings need just three node votes.
How Much RUNE Does a THORChain Node Bond?
Each active THORChain node bonds at least 300,000 RUNE as collateral, and every node gets exactly one vote regardless of its bond.
What Happens If THORChain Detects Insolvency?
THORChain halts swaps automatically when it detects insolvency. It also removes two nodes from the active set every three days under predefined rules.
Sources
- THORChain network and node documentation · THORChain
- THORChain Details Governance Rules for Network Upgrades and Fee Changes · Blockonomi
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