THORChain Proposes Loss Absorption Plan Following Asgard Vault Intrusion

THORChain has issued its fourth update regarding the Asgard vault intrusion, introducing ADR028, which initiates a voting process for node operators. According to NS3.AI, the proposal outlines that Protocol-Owned Liquidity will initially absorb the losses, with synthetic asset holders covering the remaining portion. The precise distribution of losses is still under assessment.