PANews reported on January 26 that the decentralized liquidity protocol THORChain posted on the X platform this morning: "Node operators have implemented a 90-day suspension of THORFi lending and savings redemption to protect the core functions of the network. This ensures that Swap, liquidity provider (LP) operations and RUNE transfers remain fully operational and the network continues to process a large amount of Swap transaction volume. In the next 90 days, the focus will be on community-driven proposals to responsibly restructure liabilities while protecting the long-term health of the protocol. Proposals are being submitted on the THORChain developer community Discord. Next step: Node operators will meet with proposal authors early next week to listen to their presentations, ask questions and discuss solutions. This open dialogue ensures that all voices are heard and we work together to seek the best results for the network. THORChain continues to operate at full capacity to fulfill its mission of decentralized cross-chain liquidity. Despite FUD, core functions such as Swap, LP operations and RUNE transfers are still proceeding smoothly and processing a large number of transactions."
Related reading: Falling into a debt crisis of nearly $200 million, the former star cross-chain project THORChain launched a restructuring plan to save itself
