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THORChain
THORChain's cross-chain liquidity protocol is one of the foundational pieces for the THORSwap DEX.
THORChain itself is a decentralized cross-chain liquidity protocol based on Tendermint & Cosmos-SDK utilizing Threshold Signature Schemes (TSS). It does not peg or wrap assets - simply determines how to move them in response to user-actions.
THORChain observes incoming user deposits to vaults, executes business logic (swap, add/remove liquidity), and processes outbound transactions. THORChain is primarily a leaderless vault manager, ensuring that every stage of the process is byzantine-fault-tolerant.
THORChain's key objective is to be resistant to centralization and capture whilst facilitating cross-chain liquidity. THORChain only secures the assets in its vaults, with economic guarantees that those assets are safe.
Last modified 2mo ago