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RE: Thorchain is Insolvent: Bank Run Activated

in LeoFinance2 months ago

Ffs, I have a similar amount in TC saver vault which appears to have also been frozen.
Trying to be risk adverse, I decided earning a little from savers was a no-brainer then this happened. Also, I wasn't that impressed with the ROI with the vaults, making just over 1.15% and at times below 1%! (Genius!)
Heard some Thorchads say that it may take 5-10 yrs to repay, idk if that's true or not but by that time maybe 0.2 btc could be worth 100k-250k?!
Still love Thorchain though, hope they turn this around stat.

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They may have to pull that bankruptcy tactic where they only pay back the dollar value at the time of insolvency.
So Bitcoin and ETH keep going up but I get back $25k no matter how high it goes.
Saying it could take 5-10 years to payback is probably based on revenue coming in from trading volume.
There's still a good chance everything moons this year and we can all make a clean escape.

Yo man, how the hell do i get in touch with you 🤣