THORChain pauses Bitcoin, Ether lending amid insolvency risks
THORChain temporarily suspended lending and savers programs to prevent insolvency and safeguard liquidity providers.
THORChain, a decentralized crosschain liquidity protocol, has temporarily suspended its lending and savers programs for Bitcoin and Ether.
The decision, approved by network node operators on Jan. 23, aimed to prevent an insolvency crisis and restructure the protocol’s debts.
Orion (9r), a pseudonymous developer at THORChain, explained the decision to pause ThorFi redemptions temporarily:
Go to Source
Author: Mehab Qureshi
