DeFi

Can somebody knowledgable confirm that there is a real problem at hand? And can someone also explain how Thorchain is short ETH and BTC?

Get your popcorn out.

.@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

🔽🧵

Can somebody knowledgable confirm that there is a real problem at hand? And can someone also explain how Thorchain is short ETH and BTC?

Get your popcorn out. 

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

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems.

Building Web3 Communities | Spud Brand Ambassador

_fiatisabubble.twitter

Well at best recast then and help reach a wider audience if possible.

+1 I'm also trying to figure out how this shit worked.