ThorChain: Started 90 -day reorganization plan, suspend THORFI borrowing and savings redemption

PANews According to news on January 26, the decentralized liquidity protocol THORChain posted on the Swap, flow Liquidity Provider (LP) operations and RUNE transfers remain fully operational, and the network continues to handle significant Swap transaction volumes. Over the next 90 days, the focus will be on community-driven proposals to responsibly restructure liabilities while doing so. Protect the long-term health of your agreement. Proposals are being submitted on the THORChain developer community Discord. Next steps: Node operators will meet with proposal authors early next week to hear their demos, ask questions and discuss solutions. This open dialogue ensures all voices are heard. We work together to find the best outcome for the network. THORChain continues to operate at full capacity and fulfill its mission of decentralized cross-chain liquidity. Despite the FUD, core functions such as Swap, LP operations and RUNE transfers are still running smoothly and are being processed. Lots of deals.”

Related reading: Caught in a debt crisis of nearly US$200 million, the former star cross-chain project THORChain launched a restructuring plan to save itself