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No one is claiming #Thorchain lending is ‘zero risk’ It’s simply an alternative risk framework that many may find more useful than the traditional lending markets. It’s not inherently less risky, it’s not inherently more risky, it’s just a different risk profile ….🧵 $RUNE
1/ Another Squirrel TardFi 🧵 about @THORChain loans. And how much they are worth. And what should be done about that. First, let’s talk about convertible bonds (and not TC) for the next 3 posts in this 🧵. Why? https://t.co/H2uqQ0NshT
The @THORChain lending drama that is going on from the $btc maxi crowd on CT is great for the protocol. Getting attention from a lot of haters and from people that got burned in the past from centralized lending like BlockFi and Celsius. 1. When a logically thinking person…
THORChain, a decentralized finance protocol, is facing scrutiny over its lending products. While some users praise the low-risk of swapping BTC on THORChain, concerns arise over the risk associated with entrusting BTC to its liquidity pools and lending products. The protocol is attracting attention from critics and those seeking alternatives to centralized lending platforms like BlockFi and Celsius. THORChain's lending framework is seen as a different risk profile compared to traditional markets, with varying levels of perceived risk.