Secured Assets
Asset Type to Integrate into the App Layer
Last updated
Asset Type to Integrate into the App Layer
Last updated
Secure Assets allow L1 tokens to be deposited to THORChain, creating a new native asset, which can be transferred between accounts, over IBC and integrated with CosmWasm smart contracts using standard Cosmos SDK messages. They also replace Trade Assets.
See the Dev Docs for a more detailed description. Also see Technology for generic Cosmos information. What notation will they have?
The delimiter for Secured Assets is a dash '-'.
E.g. ETH.ETH is L1. ETH-ETH will be a secured asset.
While ETH.tc is pictured, that may change to ETH-ETH.
Secured assets are x/bank tokens on the App Layer (Rujira) representing claim to the native asset on base layer (THORChain).
The native asset is secured to and from the app layer with the following flow:
Example shows the mint and burn process for BTC
Examples below explain how a user:
Swap a Secured Asset (SA)—BTC—to another Secured Asset—ETH
Swap a Secured Asset—BTC—to a base asset—ETH
Secured Asset Swapping, swapping the L1 under the hood
Find more information about Secured Assets in the Rujira Docs or in the Dev Docs.
