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Enter Another Question

6/28/22

[Answer] The Question: What assets can you swap in THORChain

Answer: The correct answer is Native L1 Assets.




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The Question: What assets can you swap in THORChain Providing liquidity on THORChain creates an opportunity for holders of stagnant assets (e.g. BTC ETH BNB) to earn a return or yield on their asset. Traditionally with a CEX or 0x style exchange trades require an order book of bids/asks (buys/sells) at a specific price because if an investor wants to trade one asset for another you need a buyer and a seller. THORChain is a liquidity pool that works across chains so there is no need to wrap BTC in ETH. With Ren you have to trust that the Ren protocol will always exist to turn your wrapped BTC back into real BTC on the Bitcoin blockchain. With THORchain your BTC is always BTC and your ETH is always ETH without any wrapping. THORChain enables users to exchange native non-wrapped assets across chains. You can swap BTC on the Bitcoin network for ETH on the Ethereum network out of your own BTC wallet. You can also... THORChain has a throttling mechanism for large outbound transactions and...


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