Thorchain在财务困境中停止了其贷款服务的运营，符文跌倒了19.33％

Thorchain是一项促进跨链掉期的协议，宣布暂停其Thorfi服务的运营，其中包括储蓄和贷款计划。

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是一种促进交叉链掉期的分散协议，宣布暂停其Thorfi服务的运营，其中包括储蓄和贷款计划。

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.

这一决定是在财务问题和对Thorchain处理贷款池中累积债务的能力的担忧之中得出的。 Thorchain的原住民符文（Rune）在过去的24小时内也急剧下降，跌落19.33％，并在社区内引发危机。

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团队现在将实施90天的重组计划，在此期间，将审查和调整运营，尤其是储蓄和贷款服务，以最大程度地降低风险并确保协议的未来稳定性。虽然令牌掉期功能将保持活跃，但由于与比特币储备管理和发行符合未偿债务的发行有关的问题，对暂停服务进行了彻底的分析。

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.

胸胸危机的症结在于在价格明显降低时发出的比特币贷款中的债务积累。这导致创造了更多符文来弥补赤字，这种策略引起了人们对系统的长期可持续性的担忧。如果用户决定大批撤回其资金，则该协议在没有强大的清算机制的情况下将面临即将崩溃，这是一种让人联想到2022年Terra/Luna倒塌的情况。

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.

另一个关注点是Thorchain提供的合成资产，这些资产由将原始加密货币与符文相结合的流动性池的支持。对本地令牌及其波动性的严重依赖增加了抵押品的风险，从而增加了储备中赤字的可能性。

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.

为了应对这种情况，社区和验证者正在探索提案以重组协议的经济。这些措施旨在稳定系统并确保其可以履行其长期义务。 Thorchain的创始人John-Paul Thorbjornsen表示，一旦改革完成后，该协议将能够解决其债务。