This is a surprise to me, because Khal said Thorswap did close to a billion dollars worth of swap volume in 2024. And suggested they should have no trouble raising enough investment money to make depositors whole.

But I must admit my understanding of Thorlend lend shorts all assets deposited there and longs Rune. A formula that works well during bullish market sentiment for Rune, but I was curious how they would mak this work in a market downturn.

I assume they were smart enogh to figure out how to survive and possibly thrive.

I may have given them to much credit, but I have adopted a wait and see attitude.

Sorry to here about your 0.25 Bitcoin, I have some USDC locked up at what was 80% APR, buit who knows now what that will turn out to be or if I will get my USDC back...

@shortsegments/rune-gets-wrecked-kmp