There has been a noticeable absence of commentary regarding the THORFi collapse as recent time has been spent away from discussions. Coincidentally, the day the thread by TCB was released also marked the departure.
There has been a noticeable absence of commentary regarding the THORFi collapse as recent time has been spent away from discussions. Coincidentally, the day the thread by TCB was released also marked the departure.
Insight has been consistently monitored, but a full grasp of the latest developments isn’t quite there yet, leaving little to contribute at this moment. Anticipation remains for the comprehensive v6 proposal from involved parties.
The circumstances are unfortunate, largely stemming from Thorchain's own decisions, which adds to the frustration. THORFi was always considered a significant risk, and its failure has created substantial setbacks for the protocol, resulting
in major reputational and financial repercussions.
There’s deep sympathy for those currently experiencing asset blockages within the protocol. Loans were settled right after the lifting of JP's freeze, but remaining heavily invested in $RUNE has also led to its share of challenges.
On a brighter note, Thorchain still holds potential to deliver significant services, such as decentralized native Bitcoin swaps, to countless users through various wallet and interface integrations. Focusing on expanding this offering may
be the key to recovering from this situation, although the journey ahead will surely be long and arduous.