THORChain Converts Debt Into Equity Amid Liquidity Challenges

According to Cointelegraph, decentralized liquidity protocol THORChain has taken significant steps to address its liquidity issues by converting its defaulted debt into equity. On January 23, THORChain halted its lending and savers programs for Bitcoin (BTC) and Ether (ETH) to avert an insolvency crisis and restructure its debt. The platform paused ThorFi redemptions for 90 days, allowing the... source: https://www.binance.com/en/square/post/19853525764393?utm_source=BinanceNewsRSS