THORChain refers to a self-governing blockchain developed using the Cosmos SDK that operates as a cross-chain DEX (decentralized exchange). It employs an automatic market maker (AMM) model that matches the initial redundancies of Bancor (BNT) or Uniswap, where THORChain’s primary token (RUNE) will be the primary swap pair. This model enables traders to shift between numerous asset funds employing RUNE as a somewhat secluded intermediary. It further rewards LPs (liquidity providers), those that stake or collateral assets on either side of a liquidity pool, with a part of trading charges.

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