Hello, everyone! Episode #12 of Chain Chatter is here, and it’s one you can’t miss. We had a great conversation with Jpthor89, who walked us through the evolution of THORChain, from its original idea to production.
THORChain is a decentralized liquidity protocol that enables cross-chain, permissionless swaps between different cryptocurrencies, allowing L1 token transactions. They also have Savers Vaults, which allow users to single-sidedly add liquidity to the pools and earn on the L1 asset provided while not being exposed to $RUNE.
$RUNE Vaults are on the horizon and will exponentially scale liquidity. This will allow users to provide $RUNE to the RUNE-Asset pools, enabling liquidity on both sides to be owned by the community.
THORChain does not subsidize fees of any kind; the gas is paid by the user. In the long term, improving the competitiveness of the DEXs is up to the different UIs and projects.
From its beginnings, THORChain has improved in various ways, especially in security. After some learning opportunities, they developed a security system with different layers and a security team on-call that allows them to defend the chain from attacks as they come in.
The trajectory of THORChain and its projected growth is truly fascinating and a game-changer for Decentralized Exchanges. To learn more about it, including where the “Thor'' name came from, don’t miss the opportunity to hear about it from THORChain's Chief Energy Officer, on this episode of Chain Chatter.