ilmscore | Prediction Details
"thorchain revealed to be insolvent last week and I should say that article that we've got up on screen there from blockworks is a really good explainer of what happened and what went wrong tldr for swap itself the Dex is fine it's still working as normal it is still generating fees that doesn't appear to be a problem but thorchain itself has become insolvent it's it's liabilities The Lending The Lending component of it yes yeah exactly the liabilities the the liabilities exceed the assets and um it's it's basically the fact I think it's because of the fact that over the time it's literally been long Rune right ter of like you me and redeem Rune to basically in and out of the protocol right when it comes to lending the assets and the collateral is swapped and if Rune is decreasing against bit the the assets being loaned out Bitcoin ethereum over time it's going to naturally become slowly insolvent"
By Coin Bureau | January 27, 2025 | Pending
From video
Crypto News: BTC Drops, Trump Shifts, ETH Dying, DeepSeek & More! 00:50:13 - 00:51:10
Interpreted Prediction
Thorchain has been revealed to be insolvent, with its liabilities exceeding its assets in its lending component. The DEX functionality remains operational and is generating fees, but the core protocol faces financial difficulties due to the declining value of its native token (RUNE) against collateral assets like Bitcoin and Ethereum over time.

Prediction Details

Topic
Thorchain Insolvency

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