THORChain hits $10B monthly volume as Bitcoin maxis debate safety

. THORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEOTHORChain is a decentralized liquidity protocol that facilitates native asset swaps across blockchains. The protocol offers interest-free loans against major crypto assets like Bitcoin and Ether 
ETH
$3,574
 and doesn’t enforce liquidations or fixed expiry dates.Related: THORChain becomes third-largest DEX as RUNE surges 50% in a week
As part of the protocol’s most recent Jan. 30 upgrade, collateral requirements for Bitcoin and Ether were slashed from 400% to 200%, allowing users to borrow half the total value of their provided assets.
On March 10, analyst Chris Blec described THORChain’s no-liquidation lending model as “interesting,” however he noted two major catches with the concept.
The first was that investors take the risk more obvious risk of lending their Bitcoin to a protocol that could otherwise collapse or fall victim to an exploit — which THORChain already did in 2021, although the funds were returned.
The second was that investors are relying upon a centralized provider not to change its terms and conditions at a later date, exposing their loans to risk.
Notably, THORChain was forced to halt its mainnet twice in 2023 amid reports of potential security vulnerabilities with the protocol.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEO