THORChain Reports Active Lending Platform with High-Value Loans for BTC and ETH.USDT, AstariaXYZ's Largest Borrowing Intent

THORChain's lending platform has seen significant activity with multiple loans being opened, including one with a collateral of 4.29 BTC ($299,739) and debt of $149,841 for ETH.USDT. Another loan involved 3.0 BTC ($209,550) as collateral and $104,643 debt for BTC. The platform offers borrowing against BTC at 50% LTV with 0% interest, no liquidations, no expiry, and no KYC requirements. AstariaXYZ reported its largest borrowing intent of 112,500 USDC for 90,399.3169 wBLT, representing a 90% loan-to-value ratio. THORChain's lending statistics show a total collateral of $166.1M, total borrowed amount of $77.5M, and significant activity with 2,206 borrowers and 4,389 transactions.