Integrate Swap Earn Borrow Ecosystem RUNE

Security
Liquidity
Swaps

Powered by RUNE.

RUNE plays a vital part in the network. Node operators must bond RUNE to ensure the network’s economic security. In the liquidity pools, each asset is paired with RUNE as a settlement asset to maximize liquidity and efficiency, while capturing value for RUNE.

METRICS

RUNE Value

RUNE’s price has two factors: a deterministic value based on the liquidity within the network, and a speculative premium.

Its 2:1 bond:pool ratio, combined with the 1:1 RUNE-Asset pairs in the liquidity pools means that the value of RUNE needed in the network is three times the value of the non-RUNE assets in the liquidity pools.

If $1M worth of non-RUNE tokens are in THORChain's pools, the market cap of RUNE will be at least $3M. This is just the minimum, or deterministic value, of RUNE.

MARKET CAP

RUNE PRICE

TOTAL RUNE POOLED

TOTAL RUNE BONDED

CIRCULATING SUPPLY

MAX SUPPLY

Tokenomics

RUNE Tokenomics

THORChain’s native coin, RUNE, serves many vital roles in the network.

Settlement Asset

RUNE serves as the settlement currency between all supported assets, ensuring that any two assets can be swapped directly. For example, a BTC -> ETH transaction goes from BTC to RUNE to ETH without the swapper needing to use RUNE.

Economic Security

THORChain is secured by Proof-of-Stake. Node operators must bond RUNE to enter into the network. Their total value bonded is greater than the assets they secure, ensuring cooperation and maintaining economic security for assets held by the network.

Aligned Incentives

A balance between the amount of bonded RUNE and pooled RUNE is key to a secure and liquid network. If the network is under-bonded, node operators are incentivized to increase their bonds, if it’s over-bonded, liquidity providers are incentivized to pool more assets.

Value and Utility

Increasing THORChain’s swap volume grows fees for liquidity providers, which leads to deeper pools and better prices, resulting in higher volume. This cycle drives value to RUNE.