Þá varð fastr við fóstra
farmr Sigvinjar arma,
sás ǫll regin eygja,
ǫndurgoðs, í bǫndum.
Loddi rô við ramman
reimuð Jǫtunheima,
en holls vinar Hœnis
hendr við stangar enda.
Þá varð farmr arma Sigvinjar, sás ǫll regin eygja í bǫndum, fastr við fóstra ǫndurgoðs. Rô loddi við ramman reimuð Jǫtunheima, en hendr holls vinar Hœnis við enda stangar.
Then the cargo of the arms [LOVER] of Sigyn <goddess> [= Loki], the one whom all the divine powers eye in bonds, was [stuck] fast to the fosterer of the ski-deity [= Skaði > = Þjazi]. The staff stuck to the mighty haunter of Jǫtunheimar [= Þjazi], and the hands of the loyal friend of Hœnir [= Loki] [stuck] to the end of the pole.
[3, 4] sás ǫll regin eygja í bǫndum ‘the one whom all the divine powers eye in bonds’: This rel. clause allows Þjóðólfr to look forward in mythic time to when Loki was punished by the gods for his part (according to some sources, e.g. SnE 2005, 48-9) in bringing about the death of Óðinn’s and Frigg’s son Baldr. Gylf (SnE 2005, 49) gives a detailed account of how the Æsir bound Loki to three stone slabs within a cave, where Skaði (perhaps to pay Loki back for his part in the Þjazi myth narrated here) fixed a poisonous snake above him so that it dripped poison continually onto his face. Sigyn’s role was to hold a basin under the drops of poison, but, whenever she had to empty it, Loki shuddered and caused an earthquake. Thus, says Gylf, Loki will lie in bonds until Ragnarǫk.