THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending
TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.
Thorchain
RUNE Plunges 30% as THORChain Pauses Bitcoin, Ether Withdrawals
Interblockchain settlements protocol THORChain paused bitcoin (BTC) and ether (ETH) withdrawals on its lending and savers programs to prevent a potential insolvency risk. Network node operators proposed and implemented a 90-day pause in early Asian …