Thorchain Launches 0% Interest Loans Without Liquidation Risk or Expiry Dates
Thorchain, a prominent crypto liquidity settlement layer, has recently announced the launch of a new lending feature. The new feature allows borrowers to obtain 0% interest loans without having to worry about liquidation risk or expiry dates. In addition, the collateral ratio for these loans is planned to be increased to 400%.
This new lending feature is expected to boost liquidity and help to increase the value of $RUNE. $RUNE is the native token of the Thorchain network. Initial experiments with the new lending feature have already generated a large amount of interest, with more swaps expected in the near future.
One important thing to note about this new lending feature is that it can be used to borrow both USDC and BTC. When a loan is closed, the borrower has to burn a certain amount of $RUNE. This creates deflationary pressure and helps to increase the value of the $RUNE token.
While the new lending feature is definitely a promising development, it is important to note that it is still in its early stages and that bear markets may challenge its success. That being said, $RUNE’s undervalued potential offers both risk and opportunity.
So, what do you think about Thorchain’s new lending feature? Do you think it will be successful? Please share your thoughts in the comments section below.