Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities. […]
Source: https://news.bitcoin.com/thorchain-introduces-tcy-token-to-address-200-million-debt-crisis/
Thorchain Introduces TCY Token to Address $200 Million Debt Crisis
