Introduction
THORChain is a cross-chain liquidity protocol designed to connect all blockchain assets in a marketplace of liquidity with assets secured by economically incentivised nodes. By leveraging Tendermint, Cosmos-SDK and Threshold Signature Schemes, THORChain is able to remain chain-agnostic, favoring no specific asset or blockchain and able to scale massively without sacrificing security.
THORChain enables users to swap between digital assets on almost any blockchain in a trustless & permissionless setting, with low fees and at market prices. Liquidity is provided by stakers who earn fees on swaps, turning their unproductive assets into productive assets in a non-custodial manner. Market prices are maintained through the ratio of assets in pools which can be arbitraged by traders to restore correct market prices.
BEPSwap is THORChain's first go-to-market product that is just limited to Binance Chain assets. It is not intended to be maintained long term, instead it will be replace by ASGARDEX.
Asgard Wallet (ASGARDEX) is a censorship-resistant desktop client that will be the main portal into the system instead. Asgard Wallet is able to control the full life-cycle of a transaction and ensure compatibility with THORChain.
THORChain is managed by a psuedo-anonymous group of developers who believe in the future of liquidity . and are determined to deliver it. They are sufficiently funded and incentivised to work on the project. THORChain was conceptualised in 2018 at a Binance Chain Dexathon, funded in 2019 and is intended to be launched in 2020.
