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1ī¸âƒŖBenefits & Use Cases

The main benefits of THORSynths are:

  • Lower fees compared to L1 Trading: Transaction fees = 0.02 $RUNE ($0.25) Swapping fees = 0.04 $RUNE ($0.5)

  • Faster transactions when trading (5 secs avg. transaction time)

  • Swap synths for any other token available on THORSwap

The minting of each Synth represents the LP of a native asset, essentially, 50% will be sold to purchase $RUNE, leading to positive price action and increase THORChain TVL.

Synths can be used for cheap & fast trading on THORSwap and arbitrage opportunities (you only interact with THORChain, so no need to worry about different chains, gas prices, wallets).

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