What is THORChain (RUNE)? | THORChain RUNE Explained in Under 60 Seconds

3 years ago
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THORChain (RUNE) is a decentralized liquidity protocol that allows users to swap cryptocurrency assets across a range of blockchain networks. The THORChain Token (RUNE) is the BEP2 utility token for the THORChain network. Used for liquidity, security, payments, governance and to amplify assets.

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THORChain implements an Automated Market Maker (AMM) model which uses a ratio of assets in a pool to maintain market prices instead of relying on order books.

Cross-Chain Transactions - Nodes are connected to BTC, ETH & other blockchains with bi-directional bridges, allowing permissionless cross-chain transfers of assets.

Bifröst Signer Module - The Bifröst Signer Module is the cross-chain bridge system that allows the THORChain protocol to connect to different chains.

Staking Rewards - A percentage of all trading fees goes to rewarding liquidity providers (LPs) who stake assets in a liquidity pool on the network.

WEBSITE: https://thorchain.org/

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