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

Innovation often brings chaos before clarity. While many protocols struggle, it's crucial to identify and support those with real potential and sustainability. Let's focus on solutions instead of just the noise.