Appreciation goes out to all community members, Node Operators, and builders who have remained dedicated during this pivotal time for the network. Your commitment and contributions have been essential in navigating the path ahead and
ensuring THORChain’s resilience. This update highlights the significant events and decisions that have transpired over recent weeks. Gratitude is extended for your ongoing involvement and
On January 23, after thorough discussions regarding the threats posed by THORFi, Node Operators voted to halt redemptions for Lending and Savers. At that moment, THORChain faced approximately $200 million in liabilities tied to these
functionalities. Over the following week and a half, the network saw a contraction: 31 validators departed, around $100 million in liquidity diminished, and the price of $RUNE dropped significantly. Despite these challenges, THORChain
remained fully operational—conducting cross-chain swaps, managing vaults and validators, generating blocks, and earning revenue as usual. This again proved the network's capability to adapt to market
Appreciation goes out to all community members, Node Operators, and builders who have remained dedicated during this pivotal time for the network. Your commitment and contributions have been essential in navigating the path ahead and
ensuring THORChain’s resilience. This update highlights the significant events and decisions that have transpired over recent weeks. Gratitude is extended for your ongoing involvement and
support.
On January 23, after thorough discussions regarding the threats posed by THORFi, Node Operators voted to halt redemptions for Lending and Savers. At that moment, THORChain faced approximately $200 million in liabilities tied to these
functionalities. Over the following week and a half, the network saw a contraction: 31 validators departed, around $100 million in liquidity diminished, and the price of $RUNE dropped significantly. Despite these challenges, THORChain
remained fully operational—conducting cross-chain swaps, managing vaults and validators, generating blocks, and earning revenue as usual. This again proved the network's capability to adapt to market