Mar 15, 06:14 AM

DeFi Protocol THORChain Enables 50% BTC Borrowing Without Liquidations or Interest Amid Rising Demand with Significant Deposits

THORChain, a DeFi protocol, allows users to borrow 50% against native Bitcoin without liquidations, interest, KYC, or time limit to repay. The protocol has seen an increase in lending demand with significant deposits of BTC and ETH.

#DeFi #Bitcoin

Written with ChatGPT (GPT-3).

Sources

THORSwap ⚡ #BetterThanCEX@THORSwap
2 years ago
Still no liquidations on @thorchain lending 💪 $RUNE $THOR https://t.co/ZJY0sM6zZZ https://t.co/UUQfPb7eO7
THORmacbee@deemacbee
2 years ago
Come for the swaps, savings, liquidity provision, or borrows. Stay for the freedom. Recognize what it means. @THORChain is Bitcoin's most aligned protocol. $RUNE $BTC
Bitcoin Sage@Bitcoin_Sage
2 years ago
Dip or not, @THORChain lending demand is accelerating. Last 24h 55 BTC (~$4M) and 1306 ETH (~$5M) were deposited, causing $4.5M $RUNE to be burned.

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DeFi Protocol THORChain Enables 50% BTC Borrowing Without Liquidations or Interest Amid Rising Demand with Significant Deposits

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