Thorchain由于生态系统债务近2亿美元而暂停了网络，符文坦克超过40％

1月24日，Thorchain通过Twitter宣布，由于债务过多并利用影响其生态系统的问题，它暂停了网络。

THORChain announced on Jan. 24 via X that it had paused its network amid concerns over excessive debt and leverage impacting its ecosystem. The platform currently owes close to $200 million in ecosystem debt.

Thorchain于1月24日通过X宣布，由于对过度债务和影响其生态系统的杠杆作用的担忧，它已停止了网络。该平台目前欠生态系统债务近2亿美元。

In the realm of decentralized finance (DeFi), ecosystem debt arises when a blockchain owes more tokens than it holds, a situation currently unfolding with THORChain. Such imbalances often stem from overambitious promises or mismanagement.

在分散财务（DEFI）的领域中，当一个区块链欠下的令牌远远超过其所持的情况时，就会产生生态系统债务，这一情况目前正在与Thorchain发生。这种失衡通常源于雄心勃勃的诺言或管理不善。

On the other hand, leverage risk manifests when users leverage their crypto assets as collateral to borrow against and bolster their positions. While leverage can amplify profits, it also heightens the potential for substantial losses if the market falters, which could trigger liquidations.

另一方面，当用户利用其加密货币资产作为抵押品来借贷和加强其头寸时，利用风险就会表现出来。尽管杠杆可以扩大利润，但如果市场流动，这可能会引发清算，它也会增强造成巨大损失的潜力。

According to Blockbeats, THORChain has $97 million in borrowing liability and $102 million in depositor and synthetic asset liabilities. This financial imbalance has brought the blockchain to the brink of bankruptcy.

根据BlockBeats的说法，Thorchain具有9700万美元的借入责任和1.02亿美元的存款人和合成资产负债。这种财务失衡使区块链陷入了破产的边缘。

To address these concerns, THORChain is undertaking several measures. These risks have, in turn, affected the native token of THORChain (RUNE) with the RUNE token price facing massive selling volume, dropping over 40% in the last 24 hours on Jan 24. This situation has also led to a loss of confidence in the protocol, and the THORChain validators are currently voting on a restructuring plan.

为了解决这些问题，Thorchain正在采取几项措施。反过来，这些风险影响了胸骨（符文）的本地令牌，而符文令牌价格面临着巨大的销售量，在1月24日的最后24小时内下降了40％以上。这种情况也导致了人们对此的信心。该协议以及胸拨验证者目前正在对重组计划进行投票。

There is no risk of death spiral, the features have been suspended. The majority of the selling volume is perp short sellers speculating it's going into a reflective negative cycle. The features that could send it in a downward reflective spiral are disabled and will be…

没有死亡螺旋的风险，特征已被悬挂。销售量的大部分是perp卖空者，猜测它将进入反射性负面周期。可以将其发送到向下反射螺旋的功能被禁用，并且将是…

This restructuring plan will help stabilize the system and avoid more risk to the ecosystem. According to a THORChain core investor, TCB, risky lending and leverage features like ThorFi were highlighted as a primary cause of instability and have now been removed from the blockchain.

该重组计划将有助于稳定系统，并避免对生态系统的更大风险。根据Thorchain核心投资者的说法，TCB，风险的贷款和杠杆功能（如Thorfi）被强调为不稳定的主要原因，现在已从区块链中删除。

Without ThorFI's features, @THORChain would probably be a top 10 protocol. It's been a series of good news since streaming swaps launched that didn't even get noticed, it was an uninvestible asset and smart capital couldn't even touch it because of the complexity.

没有Thorfi的功能，@Thorchain可能是前10个协议。自从流式掉期推出以来，这是一系列的好消息，甚至没有引起注意，这是一项不可投资的资产，由于复杂性，智能资本甚至无法触及它。

Moreover, the restructuring plan also includes efforts to regain users’ trust. Currently, integrations with wallets like Trust Wallet and Coinbase are enabling users to connect to THORChain, while liquidity providers would be ensuring liquidity to help the blockchain get back on its feet.

此外，重组计划还包括重新获得用户信任的努力。当前，与Trust Wallet和Coinbase这样的钱包的集成使用户能够连接到Thorchain，而流动性提供商将确保流动性帮助区块链重新站起来。

Risks associated with DeFi lendingMany within the crypto community earn passive income through DeFi lending, but these endeavors are not without their risks. In March 2020, MakerDAO incurred an ecosystem debt of $6.65 million. To service this debt, the platform had to mint and sell MKR tokens for over $4.5 million as part of its debt repayment strategy.

与加密货币社区内与Defi Lendeny相关的风险通过Defi Lending获得了被动收入，但这些努力并非没有风险。 2020年3月，Makerdao产生了665万美元的生态系统债务。为了偿还这笔债务，该平台必须以超过450万美元的价格造币和出售MKR令牌，这是其债务还款策略的一部分。

Overly complex features, such as excessive leverage, can destabilize protocols, underscoring the need for streamlined designs. Additionally, robust risk management systems must be in place to avert ecosystem debt and safeguard users’ funds.

过度复杂的功能（例如过度杠杆）可能会破坏协议的稳定，强调对精简设计的需求。此外，必须建立强大的风险管理系统，以避免生态系统债务并保护用户的资金。