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#RUNE3L Thanks to the community members, node operators, and developers who have remained committed during this critical time for the network. Your dedication and contributions have been invaluable in defining the path to follow and ensuring the ongoing strength of THORChain. This update summarizes the key events and decisions made in the past few weeks. We appreciate your continued commitment and support.

On January 23, after extensive community discussions about the existential risks posed by THORFi, node operators voted to pause Lending and Savers rescues. At that time, THORChain had accumulated approximately $200 million in liabilities due to these functions. In the following week and a half, the network contracted: 31 validators dropped out, around $100 million in liquidity was withdrawn, and $RUNE experienced a significant price drop. However, despite everything, THORChain continued to function normally, processing cross-chain swaps, managing vaults and validators, producing blocks, and generating revenue. Once again, the network demonstrated its ability to expand and contract according to market dynamics.