Multi-Chain Liquidity Protocol
THORChain's cross-chain liquidity protocol is one of the foundational pieces for the THORSwap DEX.
THORSwap uses THORChain's cross-chain liquidity protocol to access liquidity for more than 25 crypto assets across major layer 1 blockchains such as Bitcoin, Ethereum, Binance Chain, Dogecoin, TERRA Luna, Litecoin and Bitcoin Cash.
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.