Description

ThorChain – Cross-chain liquidity protocol

ThorChain is a decentralized liquidity protocol that enables seamless, non-custodial asset swaps across different blockchains without the need for wrapped tokens or intermediaries. Using a unique automated market maker (AMM) model, ThorChain allows users to swap native cryptocurrencies like Bitcoin, Ethereum, and Binance Coin directly while securing transactions through its native RUNE token.

Key Features:

• True Cross-Chain Swaps: Allows direct asset swaps between native blockchains without relying on centralized bridges or wrapped tokens.
• Decentralized Liquidity Pools: Users can provide liquidity in multi-chain pools and earn rewards while maintaining full custody of their assets.
• RUNE as Settlement & Security Mechanism: The RUNE token facilitates swaps, liquidity incentives, and network security.
• Impermanent Loss Protection: Liquidity providers are compensated over time to mitigate potential losses from price volatility.
• Node-Based Security Model: A decentralized network of nodes secures transactions, preventing single points of failure.
• No Wrapped Assets or Custodians: Swaps occur directly between native assets, eliminating counterparty risks.
• Multi-Chain Support: Integrates with major networks, including Bitcoin, Ethereum, Binance Chain, and more, with ongoing expansions.
• Permissionless & Open-Source: Anyone can contribute, stake, or operate a node in the ThorChain ecosystem.