💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
Thorchain is already insolvent, and validators have decided to suspend the network during the voting for the restructuring plan.
Wu learned that TCB, a member of the Thorchain community, disclosed that Thorchain is now in a state of insolvency, with debts including $97 million in borrowing and approximately $102 million in savings and synthetic assets. If there is any significant debt redemption and/or deleveraging of depositors and synthetic assets, Thorchain will definitely not be able to fulfill its obligations priced in BTC and ETH. Validators have decided to suspend the network during the voting and restructuring plan. John-Paul Thorbjornsen, the founder of Thorchain, stated that ThorFi will be paused via Node; with the help of TCB, Tyler Reynolds, and Nine Realms, the restructuring will be carried out within 90 days; the protocol itself is still functioning well; assets earned by the protocol can be used to handle the debt after the restructuring.