A DECENTRALISED LIQUIDITY NETWORK
THORChain facilitates cross-chain liquidity pools with no pegged or wrapped tokens.
Swap between assets across chains. Stake assets to earn yield. Run a node to service the network.
SWAP ASSETS
- Swap between any connected asset
- Pay a transparent fee for access to liquidity
- Swaps are non-custodial (no third-parties)
- Swap directly from supported wallets
STAKE ASSETS
- Stake in existing pools, or add new ones
- Liquidity providers earn fees and block rewards
- Liquidity is always on-chain and never “pegged” or “wrapped”
- Staked capital is always underwritten by the system
BOND AS A NODE
- Nodes compete to enter with bonded capital
- Nodes earn 2/3rds of the System Income
- The system churns nodes every 3 days, ensuring liveness and preventing capture
- Nodes are anonymous and cannot corrupt the system
RUNE
A FIXED-SUPPLY NETWORK ASSET
ON-CHAIN LIQUIDITY
- All pools contain RUNE at a 50:50 ratio
- A single settlement asset means any two pools can be linked
- Only staked capital is secured, simplifying the economic security model
- Pools earn 1/3rd of the System Income
NETWORK SECURITY
- All nodes bond RUNE at a 2:1 ratio to staked RUNE
- Highest bonded nodes are churned-in to drive bonding rates
- Nodes are slashed if malicious behaviour is detected
- Nodes earn 2/3rds of the System Income
