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THORChain’in (RUNE) The main developers announced a new reconstruction plan aimed at addressing $ 200 million accumulated through lending and saving programs.

The decision came after intense community debates that lasted weeks and a significant contraction in network activities.

On January 23, after discussions on the risks of Thorfi, Node operators decided to stop payments for lending and saving features. This movement triggered a harsh reaction in the Thorchain ecosystem:

• 31 confirming the network.
• $ 100 million liquidity was lost.
• Rune’s price experienced a big decline.

According to the developers, despite these problems, Thorchain continued its activities and continued to process between chains, verifying transactions and generating income.

In response to the crisis, the community members presented eight different reconstruction plans and these plans were examined and voted by Node operators. The final decision was the approval of a plan developed by Aaluxxmyth of Maya Protocol.

The basic elements of the plan are:

• The transformation of $ 200 million debt into self -capital through a new income sharing token.
• The debt holders to receive 1 self -capital token for every $ 1 they owe.
• The owners of self -capital tokens will constantly receive 10 %of Thorchain’s income.
• A liquidity pool will be created by the Thorchain Treasury and the right holders will allow them to sell their demands from the market value.

Although the exact timeline and application details are still not finalized, the Thorchain team has committed regular updates as the restructuring progresses. Despite the recent setbacks, developers maintain their optimism:

“Thorchain will continue to work and despite these difficulties, it will emerge more powerful than ever.”

However, the plan announced for now seems to have a minimal effect on the price of Rune:

*It is not an investment advice.