A DECENTRALISED LIQUIDITY NETWORK


THORChain is a decentralised cross-chain liquidity network with no pegged or wrapped tokens.

Swap between assets across chains. Add liquidity 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
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ADD LIQUIDITY

  • Add liquidity in existing pools, or create new ones
  • Liquidity providers earn fees and block rewards
  • Liquidity is always on-chain and never “pegged” or “wrapped”
  • Pooled capital is always underwritten by the system
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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
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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 pooled 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 pooled 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
RUNE EMISSION SCHEDULE
VIEW ON COINMARKETCAP
VIEW ON COINGECKO