Entity Type
Founding Date

THORChain is a decentralized liquidity protocol that allows users to swap assets instantly at manipulation-resistant market prices. It enables the decentralized exchange of assets across blockchains in a non-custodial manner. With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool.


  1. Liquidity providers who add liquidity to pools and earn fees and rewards
  2. Swappers who use the liquidity to swap assets ad-hoc, paying fees
  3. Traders who monitor pools and rebalance continually, paying fees but with the intent to earn a profit. 
  4. Node Operators who provide a bond and are paid to secure the system