Thorchain宣布TCY代幣將2億美元的債務轉換為股權

Thorchain面臨著近2億美元的債務面臨重大的財務挑戰。為了解決這一危機，胸腔治理機構已批准了一項提議，將違約債務轉換為股權，通過發出新的名為TCY的代幣。

THORChain has announced a significant financial challenge with nearly $200 million in debt. To address this crisis, the THORChain governance body has approved a proposal to convert the defaulted debt into equity by issuing a new token called TCY. This innovative approach aims to stabilize the protocol’s financial situation and provide a path forward for creditors.

Thorchain宣布了巨大的財務挑戰，債務近2億美元。為了解決這一危機，胸腔治理機構已批准了一項提議，將違約債務轉換為股權，通過發出新的名為TCY的代幣。這種創新的方法旨在穩定協議的財務狀況，並為債權人提供前進的途徑。

The TCY token will be issued to creditors at a rate of 1 TCY per dollar of defaulted debt, with a total supply of 200 million tokens. Holders of TCY tokens will be entitled to 10% of THORChain’s revenue in perpetuity, effectively turning their debt claims into equity within the THORChain ecosystem.

TCY令牌將以每美元違約債務1 TCY的速度發放給債權人，總供應量為2億個令牌。 TCY代幣的持有人將有權永久性地獲得Thorchain收入的10％，從而有效地將其債務索賠轉化為Thorchain生態系統內的股本。

This move is designed to provide creditors with a stake in the protocol’s future success, aligning their interests with the long-term growth of THORChain.

此舉旨在為債權人提供該協議未來成功的利益，使他們的利益與Thorchain的長期增長保持一致。

The implementation of the TCY token involves several key steps. First, the THORChain team will create a RUNE/TCY liquidity pool with $500,000 liquidity at $0.1 per TCY, funded by $5 million from the treasury.

TCY令牌的實施涉及幾個關鍵步驟。首先，Thorchain團隊將創建一個符文/TCY流動性池，其500,000美元的流動性為每TCY $ 0.1，由財政部的500萬美元資助。

This liquidity pool will facilitate trading and provide initial support for the TCY token’s value. Additionally, the protocol has suspended its THORFi services, including “Savers and Lending” programs, to focus on restructuring and addressing the debt crisis.

該流動性池將有助於交易並為TCY代幣的價值提供初步支持。此外，該協議已暫停其Thorfi服務，包括“儲蓄和貸款”計劃，重點關注重組和解決債務危機。

Despite the announcement of the restructuring efforts, THORChain’s native token, RUNE, has experienced significant price volatility. Over the past week, RUNE’s price has dropped by 35%, falling from $2 to $1.3.

儘管宣布了重組工作，但Thorchain的原住民令牌符文（Rune）的價格波動很大。在過去的一周中，符文的價格下跌了35％，從2美元降至1.3美元。

This decline reflects broader market concerns and the challenges faced by the protocol. However, THORChain has maintained swap volume, processing $270 million in the last 24 hours, indicating continued user engagement and activity.

這種下降反映了更廣泛的市場關注點以及協議所面臨的挑戰。但是，Thorchain保持了掉期交易量，在過去24小時內處理了2.7億美元，表明用戶參與和活動的持續。