Thorchain在破产问题的情况下暂停了BTC和ETH撤回贷款和储蓄计划

Thorchain是一项分散的跨链流动性协议，已从Thorfi平台下的贷款和储蓄计划中暂停了比特币（BTC）和以太坊（ETH）的提款。

Decentralized cross-chain liquidity protocol THORChain has halted withdrawals for Bitcoin (BTC) and Ethereum (ETH) from its lending and savers programs under the THORFi platform.

分散的跨链流动性协议Thorchain已从Thorfi平台下的贷款和储蓄计划中停止了比特币（BTC）和以太坊（ETH）的提款。

Network node operators approved the move on January 23 as part of a 90-day pause designed to address financial risks and stabilize the protocol’s operations.

网络节点运营商于1月23日批准了这一举动，作为90天停顿的一部分，旨在解决财务风险并稳定协议的运营。

Rising concerns about THORChain’s ability to meet its liabilities, which are estimated to be around $200 million, prompted the suspension. Trading and cross-chain swaps, the protocol’s core services, are not affected.

人们对索兰履行其负债的能力的担忧不断提高，估计约2亿美元，这促使该暂停。协议的核心服务不受影响。

THORChain’s lending and savers programs, which allow users to earn yields or borrow using BTC and ETH, have been paused to mitigate potential insolvency risks.

Thorchain的贷款和储蓄计划允许用户使用BTC和ETH赚取收益或借用，以减轻潜在的破产风险。

According to messages from THORChain’s Discord and Telegram channels, network validators implemented the pause after identifying vulnerabilities in the protocol’s financial structure.

根据Thorchain的Discord和Telegram频道的消息，网络验证者在识别协议财务结构中的漏洞后实现了停顿。

The suspension aims to prevent a situation where simultaneous closures of lending and savers positions, combined with a decline in the price of RUNE, could lead to an insolvency crisis.

暂停旨在防止局势同时关闭贷款和储蓄者职位的情况，再加上符文的价格下降，可能导致破产危机。

“To safeguard LPs and maintain network stability, we are recommending nodes vote to temporarily suspend ThorFi redemptions,” explained Orion (9r), a pseudonymous THORChain developer.

“为了维护有限元和保持网络稳定性，我们建议节点投票暂时中止Thorfi赎回。”

THORChain’s financial model relies heavily on RUNE, its native token, to meet lending obligations. The protocol mints RUNE to cover liabilities, which are then sold into liquidity pools.

Thorchain的财务模式在很大程度上依赖其本土代币Rune来履行贷款义务。协议薄荷糖符合负债，然后将其出售给流动性库。

Deposits for lending and savers programs were already halted a year ago due to growing concerns over the risks involved.

一年前，由于对所涉及风险的担忧日益担忧，一年前已经停止了贷款和储蓄计划的存款。

Community members estimate the protocol’s liabilities to include $97 million in lending and $102 million in savers, creating concerns that liquidity providers (LPs) could withdraw or sell assets during periods of panic.

社区成员估计该协议的债务包括9700万美元的贷款和1.02亿美元的储蓄者，这使人们担心流动性提供商（LPS）可以在恐慌期间撤回或出售资产。

“If nothing is done, it will be a race to the exit, and the entire protocol’s value will vanish,” warned TCB, a community member.

社区成员TCB警告说：“如果什么也没做，那将是进入退出的比赛，整个协议的价值将消失。”

The decision has prompted varied reactions from the crypto community. Eric Voorhees, founder of ShapeShift, acknowledged the necessity of the pause, noting,

该决定促使加密社区的反应各不相同。 Shapeshift的创始人埃里克·沃希斯（Eric Voorhees）承认停顿的必要性，指出，

“At this point, it’s clear these designs failed, they were too risky.”

“在这一点上，很明显，这些设计失败了，它们太冒险了。”

Voorhees stated that lending and savers programs were experimental features that became unsustainable over time.

Voorhees表示，贷款和储户计划是随着时间的流逝而变得不可持续的实验功能。

Others, like Dragonfly Capital’s Haseeb Qureshi, questioned whether this marked the first on-chain restructuring effort in the decentralized finance (DeFi) space.

其他人，例如Draginfly Capital的Haseeb Qureshi，质疑这是否标志着分散融资（DEFI）空间中的首次链上重组工作。

THORChain’s founder, John-Paul Thorbjornsen, reassured users, saying,

Thorchain的创始人John-Paul Thorbjornsen向用户保证，说，

“The protocol makes a ton of money and can service the debt — once restructured.”

“该协议赚了很多钱，可以偿还债务 - 一旦重组。”

RUNE has faced a steep decline amid financial uncertainty. It trades at $2.43 at press time, down 19.38% in the last 24 hours and 37.78% over the past week.

在财务不确定性的情况下，符文面临着急剧下降。发稿时的交易价格为2.43美元，在过去24小时内下跌了19.38％，在过去一周中下跌了37.78％。

With a circulating supply of 350 million tokens, RUNE's market cap currently stands at $844,744,548.

符文的市值为3.5亿代币，目前为844,744,548美元。

While the sharp price decline has raised concerns, some analysts view it as an opportunity for long-term investors, anticipating a recovery after the restructuring period concludes.

尽管价格下降引起了人们的关注，但一些分析师认为这是长期投资者的机会，预计重组期结束后会恢复。