Seems dangerous indeed 😱👀
So let me get this straight people are sending ThorChain their Bitcoin for a loan, and ThorChain is selling that Bitcoin to buy their own token Rune, and when the loan is paid back they sell Rune to buy Bitcoin. Rune has already dropped from 40 000 sats to 3700 sats per coin
Lol what could go wrong?
https://bitcoinmagazine.com/takes/why-you-should-redeem-your-bitcoin-from-thorchains-lending-service