Thorchain Lending
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About Thorchain Lending
THORChain Lending provides USD-denominated loans against native assets as collateral, with no interest or expiry
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Thorchain Lending Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Apr 1, 2024Listed on DeFiLlama
- Feb 3, 2025Thorfi unwinds
- Jan 24, 2025Protocol paused due to death spiral
- Sep 16, 2021Protocol resumed
- Jul 19, 2021Protocol paused
Protocol Profile
Thorchain Lending is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Thorchain. DeFiLlama tracks 4 historical events for this protocol since 2021.
Supported Chains
Official Resources & Links
Verified external resources for Thorchain Lending — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Thorchain Lending is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Thorchain Lending's own TVL is at the top, middle, or tail of the category.
Recent Thorchain Lending news
Latest reporting from major crypto news outlets covering Thorchain Lending.
- Invezz
RUNE price dips 35% as THORChain suspends lending to address financial instability
While cryptocurrencies displayed gains on Friday, the THORChain community welcomed negative news, which saw RUNE decoupling with substantial losses on its 24-hour chart. DeFi…
- Bitcoin Magazine
Why You Should Redeem Your Bitcoin From THORChain's Lending Service
If I were a THORChain creditor, I'd withdraw my bitcoin collateral ASAP.
- Cointelegraph
THORChain pauses Bitcoin, Ether lending amid insolvency risks
THORChain temporarily suspended lending and savers programs to prevent insolvency and safeguard liquidity providers.
- Crypto news
THORChain proposes burning $300m in RUNE to ‘scale lending'
Developers of THORChain have unveiled a community proposal to burn around $300 million worth of RUNE tokens to boost lending activity. In a community proposal published on Jan.
- Coindesk
THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending
TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.
- Decrypt
DeFi Network Thorchain Faces $200 Million in Toxic Debt—Here's What's Going On
Thorchain community members fear the protocol's savers and lending programs have imperiled its future.
- CryptoSlate
THORChain urgently drops ‘risky' protocol features amid $199 million debt
THORChain has suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after reports of a $199 million liability surfaced. On Jan. 24, THORChain founder…
- Coinspeaker
THORChain Records $1B Trading Volume After Massive Bybit $1.4B Hack
In January, THORChain paused Bitcoin and Ethereum lending to prevent misuse, as part of a $200 million debt restructuring.
Related protocols
Other DeFi protocols connected to Thorchain Lending by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Top protocols on Thorchain
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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