More information about THORCHAIN
About
THORChain is built for cross-chain permissionless digital asset liquidity. Stake assets in liquidity pools to earn fees, swap assets instantly at open market prices, borrow and lend on any asset, and pay in any currency.
SWAP ASSETS
- Swap between any connected asset
- Pay a transparent fee for access to the liquidity
- Swaps completed immediately (once confirmed on-chain)
- Swaps are non-custodial (no third-parties)
- Swap directly from supported wallets
STAKE ASSETS
- Stake in existing pools, or add new ones
- Liquidity providers earn fees and block rewards
- Liquidity is always on-chain and never “pegged” or “wrapped”
- Only the original provider can claim back their share
- Staked capital is always under-written by the system
BOND AS A NODE
- The system churns nodes every 3 days, ensuring liveness and preventing capture
- Nodes compete to enter with bonded capital
- The oldest and most unreliable node is churned out
- Nodes are anonymous, with plausible deniability on all transactions
Nodes earn 2/3rds of the System Income
SOLVING SECURITY
- Incentives ensure bonded RUNE is always double staked RUNE
- Malicious nodes are slashed to protect staked capital
- The liquidity and security of the system is tightly-coupled
- A Threshold-Signature-Scheme with no trusted dealer protects assets
- The system is always byzantine-fault-tolerant
SOLVING SCALABILITY
- Liquidity is sharded into realms to reduce signing committee sizes
- Liquidity is delegated into smaller vaults for faster signing
- Base-infrastructure is Tendermint (100+ Nodes possible)
- Chains and Assets added via economic weight
- High-performance CosmosSDK replicated state machine
SOLVING CROSS-CHAIN
- THORChain observes transactions on external networks
- State is highly-validated; incorrect transactions are ignored or refunded
- Logic is applied to state changes; generating outgoing transactions
- Transactions are signed via a chain-agnostic TSS protocol
- Outgoing transactions broadcast back to the external network
SWAP ASSETS
- Swap between any connected asset
- Pay a transparent fee for access to the liquidity
- Swaps completed immediately (once confirmed on-chain)
- Swaps are non-custodial (no third-parties)
- Swap directly from supported wallets
STAKE ASSETS
- Stake in existing pools, or add new ones
- Liquidity providers earn fees and block rewards
- Liquidity is always on-chain and never “pegged” or “wrapped”
- Only the original provider can claim back their share
- Staked capital is always under-written by the system
BOND AS A NODE
- The system churns nodes every 3 days, ensuring liveness and preventing capture
- Nodes compete to enter with bonded capital
- The oldest and most unreliable node is churned out
- Nodes are anonymous, with plausible deniability on all transactions
Nodes earn 2/3rds of the System Income
SOLVING SECURITY
- Incentives ensure bonded RUNE is always double staked RUNE
- Malicious nodes are slashed to protect staked capital
- The liquidity and security of the system is tightly-coupled
- A Threshold-Signature-Scheme with no trusted dealer protects assets
- The system is always byzantine-fault-tolerant
SOLVING SCALABILITY
- Liquidity is sharded into realms to reduce signing committee sizes
- Liquidity is delegated into smaller vaults for faster signing
- Base-infrastructure is Tendermint (100+ Nodes possible)
- Chains and Assets added via economic weight
- High-performance CosmosSDK replicated state machine
SOLVING CROSS-CHAIN
- THORChain observes transactions on external networks
- State is highly-validated; incorrect transactions are ignored or refunded
- Logic is applied to state changes; generating outgoing transactions
- Transactions are signed via a chain-agnostic TSS protocol
- Outgoing transactions broadcast back to the external network
https://thorchain.org
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