How to swap tokens on THORChain

THORChain is a blockchain network that operates as a cross-chain decentralized exchange (DEX). Built on the Cosmos SDK and using an AMM model, it allows users to swap tokens across disparate blockchains like BTC and ETH in a non-custodial manner. 

One of the key selling points of THORChain is the ability to swap Layer 1, or native, assets across multiple chains; that is, no swappable assets on THORChain are “wrapped,” and one can trade directly between Bitcoin and Ethereum with one swap. To enable these features, THORChain incentivizes users to deposit their Layer 1 native tokens into the protocol to earn yield in both the native asset and RUNE, its native token. 

THORChain’s mission to connect blockchains is carried out by an anonymous team, and the open-source protocol can be approached by any developers who wish to connect a chain to the network. Multiple interfaces such as THORSwap, Rango Exchange, and in-wallet trades on XDEFI Wallet connect to THORChain to allow anonymous, trustless, permissionless swapping. 

See a good price for a coin you’d like to buy on THORChain? Connect your XDEFI Wallet to THORSwap, go to the swap page, and choose how you’d like to pay. By connecting XDEFI Wallet you have access to a blockchain account and can swap tokens across each network supported by THORChain. Want to earn yield on your crypto? Again, by connecting your XDEFI Wallet to THORSwap you can deposit liquidity into a pool using only RUNE, only another asset, or both. Stake your assets to participate in the only open, cross-chain DEX that offers Layer 1 swaps of Bitcoin, Ethereum, Litecoin, Binance Chain, Bitcoin Cash, Dogecoin, and Terra.

 

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