CandleFocus

Why You Should Redeem Your Bitcoin From THORChain's Lending Service

The THORChain lending service is facing a potential crisis as it does not have enough bitcoin to repay its creditors. The total amount of bitcoin to be repaid is 1,604, while the lending pool only has 592 bitcoin. This poses a risk to the protocol itself and could result in a reduction in the price of the asset. Traders may want to redeem their bitcoin collateral through THORChain's lending service as a precautionary measure.

Related News