Home
/ Insights
Crypto Newsfeed
Master
reply

Rune drops 30% as THORChain suspends THORFi operations amid ‘restructuring’ efforts

THORChain has paused its THORFi operations, initiating a 90-day restructuring plan. This decision comes amid financial troubles and claims of insolvency, highlighting challenges with its lending and saving programs.

The native token, Rune, has dropped by 30% in value over the past 24 hours, raising concerns about THORChain’s ability to meet obligations to creditors due to inadequate Bitcoin reserves.

In response to the liquidity crisis and the potential for a crash reminiscent of Terra/Luna, community members are discussing economic redesign proposals to stabilize THORChain and its network operations.

This is community-generated content, not advice from ONUS.
heart
reply
share
 
send
ONUS
ONUS
Trusted by
4 Million +
Users
Sign up receive 10$
Trending coin
Top gainers
Price Prediction
How to buy
Research