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Thorchain

Thorchain

Thorchain insolvent
Lending and Borrowing   -   Feb 04, 2025 Do Not Short Bitcoin. Lessons Learnt From THORChain

THORChain, a cross-chain decentralized exchange, faced solvency issues caused by its DeFi services. Imbalances between deposits of bitcoin and other assets created a net short position for the protocol that worsened in the bull market. The protocol had to issue rescue tokens to cover the gap

Alex Harutunian
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Lending and Borrowing   -   Feb 04, 2025 Do Not Short Bitcoin. Lessons Learnt From THORChain
Thorchain insolvent

THORChain, a cross-chain decentralized exchange, faced solvency issues caused by its DeFi services. Imbalances between deposits of bitcoin and other assets created a net short position for the protocol that worsened in the bull market. The protocol had to issue rescue tokens to cover the gap

Alex Harutunian
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