THORChain announces 90-day network restructuring plan

the decentralized cross-chain liquidity protocol THORChain announced the implementation of a 90-day network restructuring plan this morning. Node operators have suspended THORFi lending, savings redemption functions, but core functions such as Swap trading, liquidity provision (LP) operations, and RUNE transfers remain normal. The project team stated that during the restructuring period, they will focus on community proposals to achieve a reasonable restructuring of debt. Node operators plan to hold a meeting with proposal authors early next week to discuss specific solutions. Currently, relevant proposals have been submitted on the THORChain developer community Discord, and the project team emphasized that they will ensure the comprehensiveness and feasibility of the proposals through open dialogue.