THORChain is a decentralized liquidity platform that allows users to swap one asset for another across multiple networks easily.
The unique feature of THORChain is that it allows users to convert assets straightforwardly, with the market price not being determined by the liquidity source from the order book but rather by the ratio of assets in the pool based on Automated Market Making Mechanism (AMM).
THORChain solves the “Impermanent losses” that liquidity providers frequently face by utilizing slip-based fees to help ensure liquidity is where it needs to be.
RUNE is the THORChain platform’s utility token, serving as the platform’s currency in the ecosystem, governance, and security.