brypto

Seems like a mess

Too many unsustainable protocols in this space

.@THORChain is insolvent

In the event of any large debt redemption and/or savers &amp; synths deleveraging, it is certain that TC cannot meet its bitcoin and eth denominated obligations.

Validators decided to pause the network while they vote a restructuring plan

🔽🧵

Seems like a mess

Too many unsustainable protocols in this space

https://x.com/1984_is_today/status/1882616341926162653

There is going to be a violent price discovery with many protocols/tokens this year.

ATL and ATH's will be printing

Thor chain insolvency seems like it will make waves

I'm honestly surprised this was the thing. There are so many other possibilities - not the least of which is collateralising your multisig with assets you invented whose value depends solely on the function of said multisig.

Holy shit. I literally just posted about this. I have been running this flag up the pole for a long time though.