🚨🚨🚨 $RUNE LIVE 🚨🚨🚨✈️

THORChain, a decentralized liquidity protocol that facilitates cross-chain exchanges without centralized intermediaries, is currently facing significant financial challenges. On January 23, 2025, the network's node operators decided to temporarily suspend Bitcoin (BTC) and Ether (ETH) lending and savings programs to prevent potential insolvency and protect liquidity providers.

This measure, which involves a 90-day pause on ThorFi repayments, aims to allow the community to develop a plan to stabilize operations and restructure the protocol's debts, which amount to approximately 200 million dollars, primarily in BTC and ETH. During this period, the main functions of THORChain's decentralized exchange continue to operate normally, allowing users to conduct exchanges and liquidity providers to make deposits and withdrawals without interruptions.

Following the announcement of the suspension, THORChain's native token, RUNE, experienced a significant drop in value, reflecting market concerns about the protocol's financial situation.

The THORChain community is actively working on solutions to overcome these challenges, including debt restructuring and implementing measures to ensure the long-term stability of the protocol. Despite the current difficulties, many community members are confident in the protocol's ability to recover and strengthen its position in the decentralized finance ecosystem.

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Regards #crypto friends.