Is THORChain in Crisis? Examining the $200M Debt, Falling $RUNE Price, and the End of Block Rewards
THORChain, the decentralized liquidity protocol that allows for cross-chain swaps, is at a crucial juncture. After a spate of recent misfortunes, the cryptocurrency community is questioning the protocol’s future and—by extension—a future for cross-chain swaps. The protocol has amassed a $200M debt, and its token, $RUNE, is in freefall. Meanwhile, the “ecosystem” as a whole … Read more