THORChain announces the launch of a 90-day network restructuring plan, suspending THORFi lending and savings services

2025-01-26 18:16:33

Collection

ChainCatcher news, the decentralized cross-chain liquidity protocol THORChain announced this morning the implementation of a 90-day network restructuring plan. Node operators have suspended THORFi lending and savings redemption functions, but core functionalities such as Swap transactions, liquidity provision (LP) operations, and RUNE transfers remain operational.

The project team stated that during the restructuring period, the focus will be on community proposals to achieve a reasonable restructuring of liabilities. Node operators plan to meet with proposal authors early next week to discuss specific solutions. Relevant proposals have been submitted on the THORChain developer community Discord, and the project team emphasizes that they will ensure the comprehensiveness and feasibility of the solutions through open dialogue.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.