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THORChain: 60 million RUNE have been destroyed from the reserve reserve

THORChain: 60 million RUNE have been destroyed from the reserve reserve

CointimeCointime2024/03/09 04:43
By:Cointime

Decentralized L1 liquidity protocol THORChain announced that it has burned 60 million RUNE coins from its reserve, creating 20 million RUNE coins (worth about $140 million) in lending and collateral space. Currently, THORChain's lending platform has enough space to accommodate 2,000 bitcoins or 36,000 ETH, with no liquidation or interest.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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