Decentralized liquidity protocol
THORChain is a decentralised cross-chain liquidity protocol based on Tendermint & Cosmos-SDK and utilising Threshold Signature Schemes (TSS). The protocol uses automated market maker (AMM) technology which allows users to swap assets freely, without relying on order books for liquidity. THORChain runs Proof-of-Stake (PoS) as Sybil resistance.
RUNE is the native currency that fuels the THORChain ecosystem. RUNE can be staked, provides liquidity to the pool, used for transaction across the network and as governance token to enable voting rights for holders.
Jon Carr- Harris, yield ventures.