THORChain(RUNE) Lending release

Lending has been activated on THORChain. Users can lend their native Layer 1 assets — BTC and ETH — to THORChain and borrow a USD-denominated debt with no liquidations, no interest, and no expiration.

Loans are issued with a collateralization ratio (CR) that determines how much debt the borrower receives in proportion to their collateral. CR can range from 200% to 500% depending on market conditions.

Debt is denominated in TOR, a USD equivalent. Debt can be repaid in any THORChain-supported asset, including stablecoins.

Loans have a minimum period of 30 days. Borrowers can repay their debt at any time after 30 days and receive their collateral back. Partial repayments are possible, however the collateral is not released until debt is fully repaid.

Lending will initially be available for ETH and BTC collateral. Lending will soon be opened to all Layer 1 gas assets supported on THORChain (BNB, BCH, LTC, ATOM, AVAX, DOGE)

Stay tuned to CoinCarp Social Media and Discuss with Us:

X (Twitter) | Telegram  | Reddit

Download CoinCarp App Now: https://www.coincarp.com/app/