The network is experiencing a contraction amid a decline in RUNE prices and node departures, yet the core blockchain and swap functionalities remain fully operational.
This plan allows Savers and Borrowers the flexibility to exit their positions with a haircut that may improve over time as market conditions stabilize and network health is restored.
Despite the contraction, the remaining nodes and liquidity will enable the network to continue generating revenue, facilitating the progress of the unwind plan.
The network is experiencing a contraction amid a decline in RUNE prices and node departures, yet the core blockchain and swap functionalities remain fully operational.
Several integration partners have temporarily paused operations to safeguard their users during this period of volatility.
Path Forward
Nine Realms puts forth the implementation of the current version of the Priority Haircuts proposal.
This plan allows Savers and Borrowers the flexibility to exit their positions with a haircut that may improve over time as market conditions stabilize and network health is restored.
Despite the contraction, the remaining nodes and liquidity will enable the network to continue generating revenue, facilitating the progress of the unwind plan.