Question 1

What is Thorchain (RUNE)?

Accepted Answer

Thorchain (RUNE) is a decentralised liquidity protocol that allows users to swap assets across different blockchains without the need for a centralised exchange. It operates as a cross-chain platform, enabling the movement of assets between blockchains like Bitcoin, Ethereum, Binance Chain, and others. Thorchain uses its native token, RUNE, to facilitate liquidity, ensure network security, and govern the protocol. RUNE serves as the settlement currency within the system, enabling the exchange of assets across different chains.

The protocol uses an automated market maker (AMM) model to provide liquidity, and nodes within the network are responsible for securing the system and managing cross-chain transactions. Thorchain operates in a permissionless manner, meaning anyone can participate by contributing to liquidity pools or running a node.

Question 2

What is Thorchain (RUNE) used for?

Accepted Answer

Thorchain (RUNE) has several key uses within its ecosystem:

* **Cross-Chain Swapping:** The main use case of Thorchain is enabling users to swap assets directly between different blockchains without needing a centralised intermediary. It supports native swaps, meaning users do not have to wrap assets or use synthetic versions.

* **Liquidity Provision:** RUNE is used within liquidity pools to facilitate asset swaps. Users can provide liquidity in exchange for earning fees, with RUNE being used to balance the pools.

* **Network Security:** RUNE is bonded by the validators (nodes) that secure the network. These nodes are required to bond RUNE to participate, ensuring they have a vested interest in the network's security and smooth operation.

* **Governance:** RUNE is also used to govern the protocol. RUNE holders can participate in governance decisions related to the protocol's development and future upgrades.

* **Settlement Asset:** RUNE serves as the settlement asset within the network, acting as the base currency for transactions between different blockchain assets.

**Mainnet** - [https://viewblock.io/thorchain](https://viewblock.io/thorchain)

**ERC-20** - [https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cb](https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cb)

**BEP2** - [https://explorer.binance.org/asset/RUNE-B1A](https://explorer.binance.org/asset/RUNE-B1A)

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	RUNE-USDT RUNEUSDT	binance	AA	0.6740USDT	0.30%	4,584,875.70RUNE	25,261	0.6720USDT	0.6939USDT
2	RUNE-USDC RUNEUSDC	binance	AA	0.6740USDC	0.30%	4,269,404.80RUNE	5,564	0.6720USDC	0.6929USDC
3	RUNE-USDT RUNE_USDT	whitebit	BB	0.6740USDT	0.30%	1,725,013.00RUNE	11,632	0.6720USDT	0.6939USDT
4	RUNE-USDT RUNEUSDT	bybit	A	0.6737USDT	0.31%	168,847.03RUNE	4,088	0.6716USDT	0.6939USDT
5	RUNE-USD RUNEUSD	kraken	AA	0.6740USD	0.45%	94,322.98RUNE	445	0.6710USD	0.6959USD
6	RUNE-USDC RUNE_USDC	gateio	A	0.6761USDC	0.90%	58,050.89RUNE	345	0.6701USDC	0.6928USDC
7	RUNE-USDT RUNE-USDT	kucoin	BB	0.6744USDT	0.31%	68,236.76RUNE	608	0.6723USDT	0.6935USDT
8	RUNE-USDC RUNE_USDC	whitebit	BB	0.6720USDC	0.30%	54,834.70RUNE	1,910	0.6700USDC	0.6949USDC
9	RUNE-USDT RUNE_USDT	gateio	A	0.6724USDT	-0.06%	52,803.25RUNE	440	0.6727USDT	0.6929USDT
10	RUNE-EUR RUNEEUR	kraken	AA	0.6000EUR	0.33%	21,623.61RUNE	84	0.5980EUR	0.6170EUR
11	RUNE-USD RUNE_USD	cryptodotcom	AA	0.6755USD	0.21%	3,720.10RUNE	23	0.6741USD	0.6865USD
12	RUNE-USDC RUNE-USDC	kucoin	BB	0.6749USDC	0.33%	1,626.51RUNE	23	0.6727USDC	0.6888USDC
13	RUNE-USDT RUNE_USDT	cryptodotcom	AA	0.6760USDT	2.10%	1,007.80RUNE	15	0.6621USDT	0.6901USDT
14	RUNE-USDT RUNEUSDT	cexio	BB	0.6755USDT	4.63%	71.33RUNE	2	0.6456USDT	0.6761USDT
15	RUNE-BTC RUNE-BTC	kucoin	BB	0.0₅8320BTC	2.34%	93.65RUNE	14	0.0₅8130BTC	0.0₅8320BTC
16	RUNE-USD RUNEUSD	cexio	BB	0.6825USD	1.56%	35.67RUNE	1	0.6720USD	0.6825USD
17	RUNE-USDC RUNEUSDC	cexio	BB	0.6825USDC	1.49%	31.47RUNE	1	0.6725USDC	0.6825USDC
18	RUNE-USDT rune_usdt	xtpub	-	0.6750USDT	0.45%	1,145,734.50RUNE	2,548	0.6720USDT	0.6939USDT
19	RUNE-USDT RUNEUSDT	mexc	C	0.6726USDT	-0.03%	800,879.97RUNE	19,598	0.6727USDT	0.6929USDT
20	RUNE-USDT RUNE-USDT	bingx	D	0.6740USDT	0.15%	229,802.18RUNE	15,886	0.6730USDT	0.6929USDT
21	RUNE-TRY RUNETRY	btcturk	E	33.58TRY	1.48%	176,743.60RUNE	687	33.09TRY	43.50TRY
22	RUNE-USDC RUNEUSDC	mexc	C	0.6707USDC	-0.12%	78,156.42RUNE	3,071	0.6716USDC	0.6926USDC
23	RUNE-EUR RUNE-EUR	bitvavo	B	0.5993EUR	0.31%	62,927.95RUNE	128	0.5975EUR	0.6161EUR
24	RUNE-USDT RUNEUSDT	bitrue	D	0.6740USDT	0.30%	39,056.40RUNE	2,635	0.6720USDT	0.6939USDT
25	RUNE-EUR RUNEEUR	bit2me	B	0.6000EUR	0.33%	21,623.61RUNE	84	0.5980EUR	0.6170EUR
26	RUNE-USDT RUNE_USDT	bydfi	-	0.6750USDT	0.30%	13,376.40RUNE	4,051	0.6730USDT	0.6939USDT
27	RUNE-USDT RUNEUSDT	btcturk	E	0.6756USDT	1.92%	14,689.70RUNE	57	0.6629USDT	0.7230USDT
28	RUNE-KRW rune_krw	korbit	C	915.50KRW	3.83%	500.00RUNE	1	881.70KRW	915.50KRW
29	RUNE-KRW RUNE_KRW	coinone	C	1,031.00KRW	0.00%	0RUNE	0	1,031.00KRW	1,031.00KRW
30	RUNE-BRL RUNE-BRL	mercadobtc	C	3.13BRL	2.29%	29.54RUNE	5	3.06BRL	3.70BRL
31	RUNE-USDT RUNE_USDT	poloniex	C	0.6500USDT	8.33%	12.49RUNE	4	0.6000USDT	0.6500USDT
32	RUNE-USDT RUNEUSDT	hitbtc	E	0.7065USDT	0.00%	0RUNE	0	0.7065USDT	0.7065USDT
33	RUNE-BTC RUNEBTC	coinex	C	0.0₅6150BTC	0.00%	0RUNE	0	0.0₅6150BTC	0.0₅6150BTC
34	RUNE-USDT runeusdt	huobipro	C	0.6713USDT	6.67%	1.59RUNE	1	0.6293USDT	0.6713USDT
35	RUNE-INR RUNEINR	bitbns	-	118.00INR	0.00%	0RUNE	0	118.00INR	118.00INR
36	RUNE-BTC RUNEBTC	hitbtc	E	0.0₄1000BTC	0.00%	0RUNE	0	0.0₄1000BTC	0.0₄1000BTC