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