THORChain, a decentralized liquidity network, has received approval from node operators for a restructuring plan that aims to convert its $200 million debt into equity tokens. The plan, known as Proposal6, was proposed after THORChain paused its lending and savers programs due to concerns about its ThorFi feature. Under the plan, THORChain will mint 200 million TCY tokens, representing $1 of the platform's debt, which will be airdropped to affected users. Holders of TCY tokens will receive 10% of THORChain's network revenue in perpetuity. The approval of the plan has led to a price increase in THORChain's native token, RUNE. However, some community members have expressed skepticism about the plan's long-term viability and potential legal implications.



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