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THORFi savings and lending feature defaulted; debts converted to a new token

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THORFi savings and lending feature defaulted; debts converted to a new token

THORChain's own FAQ states that its THORFi feature was defaulted on in the first quarter of 2025, and that the TCY token was introduced as part of the resulting debt restructuring. Users owed funds by THORFi received TCY, a claim on a share of protocol revenue, in place of the assets they had deposited. Ordinary swaps were not part of the default.

Funds lost Source: thorchain.org ↗

This entry summarises a public report and links to it. It is a record of what was reported, not a finding of wrongdoing. If you represent THORChain, you can claim the listing and respond here. To correct an error, send a correction.

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