Name : THORChain (RUNE)
RUNE Price : $5.578 -5.53%
Consensus Mechanism : Token
Volume: 259,446,623
Market Cap: 1,870,096,644
Shariah Judgement
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Last Screening: Q1 2024
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Overview
THORChain is a decentralized cross-chain liquidity protocol operating as an independent Layer 1 decentralized exchange (DEX) built on the Cosmos SDK. With a focus on transparent and fair prices, THORChain enables the seamless swapping of native assets across multiple chains without the need for wrapped or pegged assets. The protocol supports key financial primitives, allowing users to Swap, Save, and Lend assets across different chains. Developers can build innovative products on THORChain and earn affiliate fees. THORChain offers diverse applications, including non-custodial wallets like THORWallet and AsgardEx, and powers projects such as Rango Exchange and DefiSpot. It introduces unique features like Synthetics and THORFi for savings and lending with 0% interest and no liquidations.
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