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DeFi Network Thorchain Faces $200 Million in Toxic Debt—Here's What's Going On Decrypt 2 weeks ago

DeFi Network Thorchain Faces $200 Million in Toxic Debt—Here's What's Going On ⚠️

Thorchain, a notable DeFi network, faces a daunting financial obstacle with a staggering $200 million in toxic debt. This substantial liability has alarmed Thorchain community members, raising concerns about the protocol's future stability and sustainability.

Many within the community attribute this precarious financial state to the platform's savers and lending programs, which have played a crucial role in the accumulation of the debt. As a result, the community anxiously observes how these financial burdens might impact Thorchain's ongoing operations and overall viability.

Source: decrypt.co ↗

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