边缘上的胸链：深入分析

Thorchain是权力下放金融（DEFI）竞技场的关键球员，目前正面临严重的动荡。随后启示了2亿美元的有毒贷款

THORChain, a decentralized cross-chain swap protocol, is facing a liquidity crisis after amassing $200 million in toxic loans. The platform's native token, RUNE, has seen an 82% sell-off, reaching its lowest point since 2020.

Thorchain是一项分散的跨链掉期协议，在积累了2亿美元的有毒贷款后面临流动性危机。该平台的本地令牌符文（Rune）卖掉了82％，自2020年以来达到了最低点。

Earlier this year, THORChain paused operations for THORFi services amid insolvency allegations. A 90-day restructuring plan has been introduced to address the growing debt. While trading and swapping functions remain online, lending features have been halted, prompting one expert to compare the situation to a “bankruptcy freeze.”

今年早些时候，由于无力偿债指控，Thorchain暂停了Thorfi服务的行动。已经引入了为期90天的重组计划，以解决日益增长的债务。虽然交易和交换功能仍保持在线，但贷款功能已停止，促使一位专家将情况与“破产冻结”进行了比较。

RUNE, which is integral for all protocol operations, is backed by liquidity pools that rely heavily on market fluctuations. During a market dip, massive Bitcoin borrowing triggered a dire need for new RUNE emissions, leading to its catastrophic decline—a trend that echoes the events preceding the 2022 Terra/Luna collapse.

对于所有协议操作而言，符文是不可或缺的，它得到了依赖市场波动的流动性池的支持。在市场下降期间，大量的比特币借来引发了对新符文排放的迫切需求，从而导致其灾难性下降，这一趋势与2022年Terra/Luna倒塌之前的事件相呼应。

Furthermore, concerns have escalated over THORChain's founder, who has been involved in multiple projects. Suspicious activity around these projects and the sudden withdrawal of funds have raised eyebrows, suggesting underlying issues within the protocol.

此外，人们对Thorchain的创始人的担忧升级，后者参与了多个项目。这些项目周围的可疑活动以及资金的突然撤离引起了人们的关注，这表明协议中的根本问题。

To avert a full-blown collapse, experts believe THORChain must secure $50-100 million in venture funding to stabilize operations. A mass withdrawal of just $5-10 million could trigger an irreversible crash in RUNE's value.

为了避免成熟的崩溃，专家们认为，索兰（Thorchain）必须获得500-1亿美元的风险投资才能稳定运营。大规模撤离仅5-1亿美元可能会引发符文的价值不可逆转的崩溃。

In a potential lifeline, AX1 has proposed that Trust Wallet acquire THORChain, which could severely impact RUNE and its creditors if not executed swiftly. As the situation develops, the future of THORChain hangs in the balance, leaving investors on high alert.

在潜在的生命线中，AX1提出，信托钱包收购胸部，如果不迅速执行，这可能会严重影响符文及其债权人。随着局势的发展，Thorchain的未来悬而未决，使投资者高度戒备。