RUNE
Native token of THORChain for cross-blockchain decentralized exchanges.
Beginner-friendly explanation
RUNE is the main token of THORChain, a platform that allows swapping different cryptos without using a centralized exchange. Example: With THORChain, you can swap Bitcoin for Ethereum without having an exchange account.
Intermediate-level insight
RUNE acts as a reserve currency to secure liquidity pools and balance exchanges. Each pool is balanced with RUNE + the corresponding crypto. Example: A BTC-RUNE pool requires 50% Bitcoin and 50% RUNE.
Advanced perspective
RUNE optimizes cross-chain security via 'chaosnet' and multi-node validation. It supports synthetic liquidity and native multichain yield. Example: THORChain allows earning yield on native Bitcoin without wrapping via RUNE and chaosnet.
Cryptocurrencies & Tokens
RUNE, THORChain, decentralized swap, cross-chain, chaosnet, liquidity pool, yield, DeFi