Description
THORChain is a decentralized exchange infrastructure that facilitates native asset settlement between chains like Bitcoin, Ethereum, BNB Chain, Avalanche, and more. It is secured by its native token, RUNE, which provides economic security and liquidity to the network. Anyone can use THORChain to swap native assets or deposit their assets to earn yield from swaps.
Designed from first principles to minimize trust, THORChain aims to be a scalable, economically secure cross-chain communication and settlement layer. Dozens of exchanges rely on THORChain to process swaps for their users.
Key features include native asset swaps without wrapped or pegged assets, allowing users to transact without needing RUNE for fees. Users always maintain self-custody of their funds, even from hardware wallets. The network is secured by node operators who bond RUNE, with their bonds being worth more than the assets they secure, ensuring the safety of funds through its open-source code.