Decentralized Finance Project THORChain Sees $3.1 Billion in Trades, Faces Protocol Risks and Lending Concerns

THORChain, a decentralized finance project, has seen over $3.1 billion traded in the past 7 days. Despite protocol risks, THORChain is considered resilient and low-risk for swapping BTC. However, entrusting BTC to THORChain's lending products is viewed as very risky. The project has garnered attention from critics and those disillusioned with centralized lending platforms like BlockFi and Celsius. THORChain operates as a cross-chain automated market maker, providing real yield opportunities for stakers. The lending cap is expected to be reached eventually, but continuous rotation of new loans will keep generating fees.