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	0.5750USDT	7,28%	3.171.616,00RUNE	19.727	0.5360USDT	0.5760USDT
2	RUNE-USDT RUNE_USDT	whitebit	BB	0.5760USDT	7,66%	999.968,10RUNE	11.060	0.5350USDT	0.5780USDT
3	RUNE-USDC RUNEUSDC	binance	AA	0.5750USDC	7,08%	782.409,30RUNE	1.742	0.5370USDC	0.5760USDC
4	RUNE-USDT RUNEUSDT	bybit	A	0.5769USDT	7,33%	443.188,35RUNE	3.875	0.5375USDT	0.5776USDT
5	RUNE-USD RUNEUSD	kraken	AA	0.5760USD	7,46%	263.891,70RUNE	367	0.5360USD	0.5790USD
6	RUNE-USDT RUNE-USDT	kucoin	BB	0.5750USDT	7,18%	241.578,36RUNE	1.433	0.5365USDT	0.5756USDT
7	RUNE-EUR RUNEEUR	kraken	AA	0.5010EUR	7,05%	74.570,28RUNE	139	0.4680EUR	0.5010EUR
8	RUNE-USDC RUNE_USDC	whitebit	BB	0.5750USDC	7,28%	62.764,80RUNE	2.138	0.5360USDC	0.5790USDC
9	RUNE-USDT RUNE_USDT	gateio	A	0.5773USDT	7,56%	44.056,85RUNE	274	0.5367USDT	0.5773USDT
10	RUNE-USDC RUNE_USDC	gateio	A	0.5745USDC	7,00%	21.627,99RUNE	136	0.5369USDC	0.5745USDC
11	RUNE-USDC RUNE-USDC	kucoin	BB	0.5692USDC	5,70%	15.433,40RUNE	88	0.5385USDC	0.5724USDC
12	RUNE-USD RUNE_USD	cryptodotcom	AA	0.5692USD	5,92%	10.810,50RUNE	35	0.5374USD	0.5712USD
13	RUNE-USDT RUNE_USDT	cryptodotcom	AA	0.5573USDT	3,90%	2.699,80RUNE	14	0.5364USDT	0.5697USDT
14	RUNE-BTC RUNE-BTC	kucoin	BB	0.0₅7020BTC	4,93%	1.002,10RUNE	16	0.0₅6690BTC	0.0₅7020BTC
15	RUNE-USDT RUNEUSDT	cexio	BB	0.5618USDT	2,20%	56,54RUNE	1	0.5497USDT	0.5618USDT
16	RUNE-USD RUNEUSD	cexio	BB	0.5530USD	0,67%	40,83RUNE	1	0.5493USD	0.5530USD
17	RUNE-USDC RUNEUSDC	cexio	BB	0.5405USDC	-1,28%	37,69RUNE	1	0.5475USDC	0.5475USDC
18	RUNE-USDT rune_usdt	xtpub	-	0.5750USDT	7,28%	1.565.442,10RUNE	4.178	0.5360USDT	0.5760USDT
19	RUNE-USDT RUNEUSDT	mexc	C	0.5744USDT	7,10%	529.025,20RUNE	9.473	0.5363USDT	0.5750USDT
20	RUNE-USDT RUNE-USDT	bingx	D	0.5750USDT	7,08%	202.707,59RUNE	12.388	0.5370USDT	0.5760USDT
21	RUNE-USDT RUNEUSDT	hitbtc	E	0.5760USDT	7,30%	124.822,23RUNE	1.035	0.5368USDT	0.5761USDT
22	RUNE-EUR RUNE-EUR	bitvavo	B	0.4992EUR	6,93%	107.526,37RUNE	174	0.4668EUR	0.5012EUR
23	RUNE-USDC RUNEUSDC	mexc	C	0.5744USDC	7,14%	100.746,06RUNE	3.006	0.5361USDC	0.5753USDC
24	RUNE-TRY RUNETRY	btcturk	E	27,89TRY	8,52%	89.637,31RUNE	270	25,70TRY	27,89TRY
25	RUNE-EUR RUNEEUR	bit2me	B	0.5010EUR	7,05%	74.570,28RUNE	139	0.4680EUR	0.5010EUR
26	RUNE-USDT RUNEUSDT	bitrue	D	0.5750USDT	7,28%	35.457,40RUNE	1.600	0.5360USDT	0.5760USDT
27	RUNE-USDT RUNE_USDT	bydfi	-	0.5750USDT	7,28%	14.623,20RUNE	3.741	0.5360USDT	0.5760USDT
28	RUNE-USDT RUNEUSDT	coinex	C	0.5669USDT	6,10%	7.224,81RUNE	8.564	0.5344USDT	0.5671USDT
29	RUNE-USDT RUNEUSDT	btcturk	E	0.5647USDT	3,03%	5.371,50RUNE	26	0.5481USDT	0.5699USDT
30	RUNE-BTC RUNEBTC	coinex	C	0.0₅6860BTC	4,33%	863,95RUNE	1.511	0.0₅6576BTC	0.0₅6940BTC
31	RUNE-KRW RUNE_KRW	coinone	C	741,00KRW	0,00%	0RUNE	0	741,00KRW	741,00KRW
32	RUNE-USDT runeusdt	huobipro	C	0.5225USDT	-4,98%	69,37RUNE	21	0.5500USDT	0.5500USDT
33	RUNE-BRL RUNE-BRL	mercadobtc	C	2,31BRL	-1,49%	34,19RUNE	7	2,35BRL	2,40BRL
34	RUNE-KRW rune_krw	korbit	C	648,60KRW	0,00%	0RUNE	0	648,60KRW	648,60KRW
35	RUNE-USDT RUNE_USDT	poloniex	C	0.4900USDT	0,00%	0RUNE	0	0.4900USDT	0.4900USDT
36	RUNE-BTC RUNEBTC	hitbtc	E	0.0₅6341BTC	0,00%	0RUNE	0	0.0₅6341BTC	0.0₅6341BTC
37	RUNE-INR RUNEINR	bitbns	-	94,00INR	0,00%	0RUNE	0	94,00INR	94,00INR