TechFlow reports that the decentralized cross-chain AMM protocol THORChain announced on X it has burned 60 million RUNE from its reserve, creating space for 20 million RUNE (approximately $140 million) in lending collateral.
THORChain's lending now has sufficient capacity to accommodate 20,000 BTC or 36,000 ETH. No liquidations, no interest.
Earlier report: THORChain stated on X that its next network upgrade will burn 60 million RUNE and reduce the maximum collateralization ratio to 200%, aiming to gain a competitive advantage in decentralized L1 lending.
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