Thorchain在財務困境中停止了其貸款服務的運營，符文跌倒了19.33％

Thorchain是一項促進跨鏈掉期的協議，宣布暫停其Thorfi服務的運營，其中包括儲蓄和貸款計劃。

THORChain, a decentralized protocol that facilitates cross-chain swaps, has announced a pause in operations of its THORFi service, which includes savings and lending programs.

Thorchain是一種促進交叉鏈掉期的分散協議，宣布暫停其Thorfi服務的運營，其中包括儲蓄和貸款計劃。

This decision comes amid financial problems and concerns about THORChain’s ability to handle the debt that has piled up in its lending pools. The native token of THORChain, RUNE, has also seen a sharp decline in the last 24 hours, plunging 19.33% and sparking a crisis within the community.

這一決定是在財務問題和對Thorchain處理貸款池中累積債務的能力的擔憂之中得出的。 Thorchain的原住民符文（Rune）在過去的24小時內也急劇下降，跌落19.33％，並在社區內引發危機。

The THORChain team will now be implementing a 90-day restructuring plan, during which operations, particularly the savings and lending services, will be reviewed and adjusted to minimize risks and ensure the future stability of the protocol. While token swap functionalities will remain active, the suspended services are being analyzed thoroughly due to problems related to Bitcoin reserve management and the issuance of RUNE to cover outstanding debts.

Thorchain團隊現在將實施90天的重組計劃，在此期間，將審查和調整運營，尤其是儲蓄和貸款服務，以最大程度地降低風險並確保協議的未來穩定性。雖然令牌掉期功能將保持活躍，但由於與比特幣儲備管理和發行符合未償債務的發行有關的問題，對暫停服務進行了徹底的分析。

The crux of the THORChain crisis lies in the accumulation of debt in Bitcoin loans issued at a time when prices were significantly lower. This led to the creation of more RUNE to cover the deficits, a strategy that has raised concerns about the long-term sustainability of the system. Without a robust liquidation mechanism, the protocol faces an imminent collapse if users decide to withdraw their funds en masse, a scenario reminiscent of the Terra/Luna collapse in 2022.

胸胸危機的癥結在於在價格明顯降低時發出的比特幣貸款中的債務積累。這導致創造了更多符文來彌補赤字，這種策略引起了人們對系統的長期可持續性的擔憂。如果沒有強大的清算機制，則該協議將面臨即將崩潰的情況，如果用戶決定將其資金撤回，則使人聯想到2022年Terra/Luna崩潰的情況。

Another point of concern is the synthetic assets offered by THORChain, which are backed by liquidity pools that combine original cryptocurrencies with RUNE. This heavy reliance on the native token and its volatility has increased the collateralization risks, raising the possibility of deficits in the reserves.

另一個關注點是Thorchain提供的合成資產，這些資產由將原始加密貨幣與符文相結合的流動性池的支持。對本地令牌及其波動性的嚴重依賴增加了抵押品的風險，從而增加了儲備中赤字的可能性。

In response to this situation, the community and validators are exploring proposals to restructure the protocol’s economy. These measures aim to stabilize the system and ensure that it can meet its long-term obligations. John-Paul Thorbjornsen, the founder of THORChain, expressed confidence that the protocol will be able to resolve its debts once the reforms are completed.

為了應對這種情況，社區和驗證者正在探索提案以重組協議的經濟。這些措施旨在穩定係統並確保其可以履行其長期義務。 Thorchain的創始人John-Paul Thorbjornsen表示，一旦改革完成後，該協議將能夠解決其債務。