So let me get this straight people are sending ThorChain their Bitcoin for a loan, and ThorChain is selling that Bitcoin to buy their own token Rune, and when the loan is paid back they sell Rune to buy Bitcoin. Rune has already dropped from 40 000 sats to 3700 sats per coin
Lol what could go wrong?
https://bitcoinmagazine.com/takes/why-you-should-redeem-your-bitcoin-from-thorchains-lending-service
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Replies (10)
😂
Same energy
Rekt
Seems dangerous indeed 😱👀
Lol I look forward to watching the fireworks
Lol every cycle we have to repeat the same mistakes with a new name!
Looks like It’s a solid business ! Thank you for revealing it each time 🙏🔥
Ouroboros ⭕️🐍
But we're accepting only %200 collateral loans so we're safe so safe we dropped it from %400, don't worry everything is governed by the protocol and we will always have buyers for our coin..said every ponzi ever
lol.