WAS going well, then they disabled withdrawals
WAS going well. I had $100K staked and now they disabled withdrawals. Quite concerning.
Their announcements:
THORChain Alert:
Due to uncertainty with the protocol and volatility in market conditions, THORSwap contributors have decided to pause THORChain swaps as a precautionary measure on THORSwap interface. Swaps to and from RUNE are still available (via THORChain and Maya), but all other THORChain routes have been disabled. All in-progress transactions should complete normally.
🚧 NOTICE 🚧
THORChain nodes have voted to temporarily pause Lending and Earn (Savers Vault) features. Swaps and LP actions are operating normally.
Also:
THORSwap Withdrawals Disabled
THORChain, the decentralized finance (DeFi) platform that powers THORSwap, has halted withdrawals from its Lending and Savers products. This decision was made due to insolvency issues, with the chain sitting on approximately $200 million in liabilities that it cannot afford to pay out without further devaluing its native token, RUNE. However, THORSwap itself and the underlying THORChain network are functioning normally, and users can still swap assets on the platform.
For withdrawals from THORSwap liquidity pools, the situation is different. Users can withdraw their liquidity provider (LP) deposits both symmetrically and asymmetrically, depending on how they initially deposited their assets. There are no restrictions on withdrawals from liquidity pools due to the insolvency issues affecting the Lending and Savers products.