Thorchain“死亡螺旋”繼續下降，符文墜落45％至2020年。

1月24日，Cryptoslate報告說，Thorchain在其貸款和儲蓄計劃中暫停了比特幣和以太坊的提款

As RUNE holders continue to encounter more distressing news and a plummeting token price, with the passing proposal 6 by a super majority, can the troubled cross-chain swapping protocol “get users liquid again?”

隨著符文持有者繼續遇到更多令人痛苦的消息和一個落後的代幣價格，而通過超級多數的通過提案6，陷入困境的跨鏈交換協議是否可以“再次獲取用戶液體？”

THORChain ‘death spiral’

索納“死亡螺旋”

On January 24, CryptoSlate reported that THORChain had halted Bitcoin and Ethereum withdrawals within its lending and savings programs following reports of a $199 million liability. As the community awaited a restructuring plan to address the protocol's debts and ensure its long-term viability, RUNE had dropped nearly 30% in value to $1.90. At the time of writing, RUNE has fallen a further 45% and is currently trading at $1.08, its lowest value since 2020.

1月24日，Cryptoslate報告說，胸骨在其貸款和儲蓄計劃中停止了比特幣和以太坊提款，此前有1900萬美元的責任。當社區等待重組計劃以解決協議的債務並確保其長期生存能力時，符文的價值將近30％降至1.90美元。在寫作時，符文又下跌了45％，目前的交易價格為1.08美元，其價值是2020年以來的最低價值。

“If only someone could have seen this coming,” posted Osmosis cofounder Sunny Aggarwal with the “obviously” rolling eyes emoji.

滲透共同創始人Sunny Aggarwal說：“如果只有某人能看到這一點。”

Crypto educator @CosmosHoss commented, “Looks like [Aggarwal] called the THORChain RUNE death spiral long before it happened — but most ignored him.”

加密教育家@cosmoshoss評論說：“看起來[Aggarwal]很久以前就稱為Thorchain Rune死亡螺旋 - 但大多數人都忽略了他。”

Adding fuel to the fire, founder John-Paul (‘JP’) Thorbjornsen has come under intense scrutiny for potential conflicts of interest and activity managing multiple projects. Meanwhile, influential THORChain node and core contributor TB’s private chat was screenshot and shared on X revealing that despite working hard to save the protocol, he had sold all his RUNE.

創始人John-Paul（'JP'）Thorbjornsen為大火增加了燃料，對潛在的利益衝突和管理多個項目的活動進行了嚴格的審查。同時，有影響力的Thorchain節點和核心貢獻者TB的私人聊天是屏幕截圖，並在X上分享了X揭示，儘管努力挽救協議，但他還是出售了所有的符文。

“I couldn’t identify the next buyer and validators were going to be selling,” he said, adding, “There’s a bunch of validators that are going to sell. I'm not going to stand there like a dumbass.”

他說：“我無法識別下一個買家，驗證者將要出售，”他補充說，“有很多驗證者將要出售。我不會像笨蛋那樣站在那兒。”

Twenty-six more nodes have since followed suit (around 20% of the network), signaling intent to leave and corresponding to approximately 20 million RUNE potentially gearing up to dump on the market.

此後，有26個節點效仿了（大約佔網絡的20％），這是意圖離開的，並對應於大約2000萬個符文可能會在市場上傾倒。

A solution to ‘get users liquid again’

解決“再次獲取用戶液體”的解決方案

Despite its internal struggles and a growing clamor of naysayers' attempts at “fudding it to zero,” many members of the THORChain community maintain their commitment. Thorbjornsen has repeatedly taken to X to assure his conviction, with posts like “GM, not going anywhere,” and supporters like ShapeShift CEO and industry OG Erik Voorhees insists on remaining an “ardent supporter.”

儘管內部鬥爭和反對者對“將其填充到零”的嘗試越來越大，但Thorchain社區的許多成員仍保持著承諾。 Thorbjornsen曾多次送上X，以確保他的信念，並在“ GM，不去任何地方”之類的帖子，以及Shapeshift首席執行官和行業OG Erik Voorhees之類的支持者堅持要保持“熱心的支持者”。

As the THORChain team works around the clock to turn the tide of fortune of the troubled protocol, the community unanimously voted in favor of a proposal to ‘get users liquid again’ and convert defaulted debt to $TCY equity with no private raise. “Proposal 6 passed by super-majority. Nodes stepped in to provide certainty and a way forward,” posted Thorbjornsen.

當Thorchain團隊全天候工作以扭轉陷入困境的協議的財富潮流時，社區一致投票贊成“再次獲取用戶再次獲取用戶”，並將違約債務轉換為$ TCY Equility，而無需私人加薪。 “提案6通過超級多數。節點介入以提供確定性和前進的方向。” Thorbjornsen說。

The proposal suggests distributing TCY to affected users with 10% of fees paid out in RUNE to TCY holders in perpetuity. This plan aims to make users whole, increase capital efficiency, and attract new liquidity to the protocol. By writing off the debt and rewarding nodes and DLPs that stay with the protocol, it aims to make THORChain “great and boring again.”

該提案建議將TCY分配給受影響的用戶，其中10％的費用在符文中支付給了TCY持有人，以永久性。該計劃旨在使用戶完整，提高資本效率並吸引新的流動性。通過償還債務並獎勵與協議有關的節點和DLP，它的目的是使胸部“再次變得又不是無聊”。

The coming days and weeks will reveal how THORChain navigates this critical time—and whether it can avoid dropping into the abyss of failed crypto projects.

接下來的幾天和幾週將揭示Thorchain如何在這一關鍵時光中瀏覽，並可以避免進入失敗的加密項目的深淵。

Christina Comben

克里斯蒂娜·梳子

is a web3 writer, editor, and content manager with a passion for technology and starting important conversations. As an industry OG, she’s not phased by market volatility and frequently scrimps on Starbucks to BTFD.

是Web3作者，編輯和內容經理，對技術充滿熱情並開始重要的對話。作為一個行業OG，她並沒有被市場波動所淘汰，而經常在星巴克上劃分到BTFD。

News Desk

新聞台

CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.

密碼層是加密新聞，見解和數據的全面和情境化的來源。專注於比特幣，宏觀，Defi和AI。

B2TRADER 2.2: Pioneering a new era of multi-asset trading

B2Trader 2.2：開創了多資產交易的新時代

Latest Press Releases

最新的新聞稿

MuskIt Team Announces Musk Tower: UAE’s Upcoming Global Innovation and Crypto Hub

馬斯基特團隊宣布馬斯克塔：阿聯酋即將到來的全球創新和加密樞紐樞紐

Whale Casino launches “Lootboxes”: The First Casino to Introduce This Reward Feature

鯨魚賭場推出“搶劫箱”：第一個引入此獎勵功能的賭場

Musk It: The Next Big Meme Coin with an Unmatched Connection to the Musk Legacy

麝香：下一個大模因硬幣，與麝香遺產無與倫比