THORCHAIN & $RUNE | What’s happening? Insolvency Situation Explained
Thorchain recently dropped 30% in a day as user began to notice and call out it’s insolvent metrics.
Jan 25 · 7 min read
ThorChain
Ecosystem
Meet Thorchain, a decentralized liquidity protocol that enables the exchange of assets across various blockchains in a non-custodial manner. The protocol is built using the Tendermint consensus engine, Cosmos-SDK state machine, and GG20 Threshold Signature Scheme (TSS). It operates as a Layer 1 cross-chain decentralized exchange (DEX) and is secured by its native token, RUNE.
