Tag: Thorchain ecosystem

THORChain is a decentralized liquidity network that facilitates cross-chain token swaps using the automated market maker (AMM) model and liquidity pools. Powered by the THORChain RUNE token, the THORChain crypto ecosystem incorporates several interoperable platforms. These include SKIP Exchange, BEPSwap, ASGARDEX, and THORSwap, all of which rely on THORChain technology. Following the recent THORChain hack, the platform lost a reported $7.6 million. However, the project appears to have an engaged following that is keen to see the reparations take place to reimburse the THORChain crypto community. Let us, therefore, examine both THORChain and the THORChain hack!