THORChain announces the launch of a 90-day network restructuring plan

THORChain, a decentralized cross-chain liquidity protocol, this morning announced the implementation of a 90-day network restructuring plan. Node operators have suspended THORFi lending and deposit redemption functions, but core functions such as swap trading, liquidity provision (LP) operations, and RUNE transfers remain operational.
The project side said that during the restructuring period, it will focus on community proposals to achieve a reasonable reorganization of liabilities. The node operator plans to hold a meeting with the proposal author early next week to discuss specific solutions. The relevant proposals have been submitted on the THORChain developer community Discord, and the project team emphasizes that it will ensure the comprehensiveness and feasibility of the plan through open dialogue.