Powering the next generation of exchanges, wallets and payment services with a single, decentralised and highly liquid protocol. THORChain Validators bond Rune to earn block rewards (Proof-of-Stake). Rune holders can delegate tokens to validators to share the reward. ASGARDEX is the first decentralised exchange to be built on THORChain, intended to break feature-parity with the world's top centralised exchanges, at the same time as being more secure, reliable and powerful than any exchange before it. THORChain is the infrastructure that supports the exchange, whilst ASGARDEX is simply a user interface.
THORChain can support any number of exchanges, and all liquidity deployed to the protocol is shared by all participants. As such, THORChain adds user, developer and exchange incentives to drive strong network effects around the protocol. A wide variety of exchanges, wallets and payment services will be ultimately built on THORChain by businesses, community members and enterprise users with different features, fees and targeted user groups. Centralised exchanges with fiat on/off rails, decentralised exchanges with crypto-only trading, wallets with instant asset swaps and advanced payment services will all co-exist and be powered by THORChain.