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What Is Thorchain ?

THORChain is an independent blockchain that serves as a decentralized exchange, using an automated market maker model where its native token RUNE acts as an intermediary between asset pools. It features a cross-chain bridge called Bifrost Protocol to connect blockchains, and uses adapted versions of Bancor's "smart tokens" called Continuous Liquidity Pools to facilitate asset exchanges while rewarding users for providing liquidity. THORChain aims to enable the exchange of assets across different blockchains in a non-custodial manner.

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150 views2 pages

What Is Thorchain ?

THORChain is an independent blockchain that serves as a decentralized exchange, using an automated market maker model where its native token RUNE acts as an intermediary between asset pools. It features a cross-chain bridge called Bifrost Protocol to connect blockchains, and uses adapted versions of Bancor's "smart tokens" called Continuous Liquidity Pools to facilitate asset exchanges while rewarding users for providing liquidity. THORChain aims to enable the exchange of assets across different blockchains in a non-custodial manner.

Uploaded by

Cee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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What is THORCHAIN ?

Overview

THORChain is an independent blockchain built using the


Cosmos SDK that will serve as a cross-chain decentralized
exchange (dex)

It uses an automated market maker (AMM) model that


resembles the first iterations of Bancor (BNT) or Uniswap
where THORChain’s native token (RUNE) is the base swap pair.

This model allows traders to move between different asset


pools using RUNE as a somewhat hidden intermediary.

It also rewards liquidity providers (LPs), those that deposit


or “stake” assets on either side of a liquidity pool, with a
portion of trading fees.

It uses an AMM model to facilitate cryptoasset swaps an


independent crytonetwork that aims to enable the exchange
of assets across disparate blockchain in a non-custodial
manner.

Its protocol features a cross-chain features a cross-chain


bridge system (knows as the Bifrost Protocol) to connect
different chains.

THORChain also uses an adapted version of Bancor’s “smart


tokens”, which it calls Continuous Liquidity Pools (CLPs), to
facilitate the exchange of assets.

The key difference is that CLPs reward users for


contributing to the liquidity in each pool.
THORChain features a native token, RUNE, that owners can
use to participate in the network or add to a liquidity pool.























































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