A ten-figure volume threshold is a challenge in the fast-paced world of decentralized finance that can only be met by systems that …
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THORChain
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DeFi
THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending
by shayaanby shayaanTHORChain’s members passed “Proposal6” to convert nearly $200 million of unserviceable debt into equity via a new token, TCY (Thorchain Yield), with …
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Interblockchain settlements protocol THORChain paused bitcoin (BTC) and ether (ETH) withdrawals on its lending and savers programs to prevent a potential insolvency …
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Sunny Aggarwal, Co-Founder of Osmosis, believes THORChain’s liquidity issues mirror the 2022 Terra Luna collapse. THORChain, a decentralized cross-chain liquidity protocol, has …
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On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its …