THORChain's members passed “Proposal6” to convert nearly $200 million of unserviceable debt into equity via a new token, TCY (Thorchain Yield), with a total supply of 200 million tokens. This action ...
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Introducing TCY for THORFi
In the wake of ThorFi’s 2025 default, THORChain (RUNE) has unveiled TCY, a new token that addresses outstanding claims and ensures the network’s long-term health. Created under Merge Request #3988, ...
TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders. THORChain plans to establish a RUNE/TCY liquidity pool with $500,000 ...
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