THORchain's New Site Design Looks Legit

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Many people on this site have been a fan of RUNE for a long time now despite numerous attacks on the protocol in the last few months.

What Is Rune?

RUNE is the token that powers the THORchain network. According to their website, RUNE serves 5 distinct functions.

  1. Liquidity:

Since (ᚱ) RUNE is bonded to assets in its pools, then as the value of those assets increase, then the (ᚱ) RUNE value will also increase. - THORchain.org

RUNE essentially backs all of the tokens it pairs with and provides peace of mind to investors that their assets are secure in value.

  1. Security

The Incentive Pendulum ensures that nodes are incentivised to continually buy and bond enough (ᚱ) RUNE each time to maximise their gains - which is a maximum when there is 67% of RUNE bonded and 33% pooled in pools. If the pools are holding $1M in capital, then the value of RUNE in the aggregrate bond is $2M. Thus all assets can be underwritten. - THORchain.org

  1. Governance

THORchain says that they want to do as little governance on the platform as possible, but when needed, RUNE works similar to governance tokens of other DEX's.

  1. Incentives

This seems to work similarly to other DEX's as liquidity providers are paid back trading fees based on their share of the pool in native RUNE.

  1. Amplifier

This part is very interesting to me. I'll just put what they said on their website so I don't butcher it:

The price of assets is decided by the exchange which is most liquid. It’s also the reason why THORChain will set its own price, as it (ᚱ) RUNE will be most liquid within its own network.

(ᚱ) RUNE will pull in liquidity from every corner of the cryptosphere, creating incredibly deep pools. Eventually these pools will become so liquid they’ll start to affect the price of the paired asset in the same way as BTC and ETH currently do.

This phenomenon will first be observed on pooled assets which are very illiquid outside of THORChain. Larger market cap assets will follow once the liquidity pools become deeper.

What Is THORswap:

THORswap is a DEX that is powered by THORchain that focuses on permissonless layer-1 swaps. Just check out how awesome this interface is going to be:

THORswap.png

I am not comfortable recommending anyone invest in RUNE with all of the security issues they just recently had, but there is a lot of upside for this project when they get it together. Give it a look and do your own research.

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@mariosfame gif once again, I love it:
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@sgt-dan with this sick pic:

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@gr33nm4ster made this awesome gif I needed to share, we thank him as well!:

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