Modified on: Fri, 22 Sep, 2023 at 2:04 PM
THORChain is a 100% autonomous, decentralized cross-chain liquidity protocol that allows users to easily swap native assets across different blockchains and networks. Described by many as a cross-chain UniSwap, the THORChain protocol utilizes an Automated Market Maker (AMM) model that allows traders to move their assets between different liquidity pools across disparate blockchain networks using the native RUNE token. RUNE is the native utility token of the THORChain network, which powers and secures the entire THORChain protocol and is responsible for providing the economic incentives required to secure the network. RUNE also allows community governance on the THORChain protocol including asset listings on the THORChain network by committing RUNE to the asset pool they want to be listed.
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