The Cross-Chain DEX That Can Automatically Adjust Trading Fees for Cost-Efficiency.
THORChain (RUNE) Fact Sheet
- THORCHain (RUNE) is essentially a decentralized exchange (DEX) that enables cross-chain token swaps through the usage of liquidity pools and works across multiple different chains.
- The multiple supported chains include Bitcoin (BTC), Ethereum (ETH), BNB Smart Chain (BSC), Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).
- Users are provided with the opportunity to essentially stake their digital assets within liquidity pools, through which they have enabled the ability to earn yield from trading fees and rewards in the form of RUNE tokens.
- RUNE is the native cryptocurrency that is utilized across the THORChain network and ecosystem as a whole, and users are required to ensure that their RUNE is bonded in order to operate a node and earn rewards.
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What is THORChain (RUNE)?
At one point in time throughout the history of the cryptocurrency space, there was a requirement for cross-chain liquidity, as well as a reliable way through which multiple assets spread out throughout different blockchain networks could be swapped for one another, alongside an increase in the development of decentralized finance (DeFi) and products as well as services built on top of it.
THORChain is one of the largest DeFi projects out there that has managed to offer developers and users access to immutability as well as multi-chain exchanging of a variety of different cryptocurrencies without the need to wrap the tokens. In fact, its interoperability is one of its key factors and qualities that makes it stand out.