Thorchain Introduces TCY Token to Handle $200 Million Debt Disaster

Thorchain has endorsed a method to rework $200 million in debt into fairness by issuing a brand new token, Thorchain Yield (TCY), in a bid to fortify its monetary footing. Thorchain Converts $200 Million Debt to Fairness in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers applications after amassing appreciable liabilities. […]

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Thorchain Introduces TCY Token to Handle $200 Million Debt Disaster

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