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Are you trying to understand #THORChain? ⛓️
Here's what I learned about THORChain and the best resources I've found to read more about it. 🚀
A thread 🧵👇
Here's what I learned about THORChain and the best resources I've found to read more about it. 🚀
A thread 🧵👇
@THORChain is a decentralized cross-chain automated market maker (AMM) that allows users to trade spot Tokens across blockchains.
It allows users to trade in the native asset, not a synthetic wrapped version like #wBTC.
It allows users to trade in the native asset, not a synthetic wrapped version like #wBTC.
Trading over centralized exchanges presents risk through:
⚈ counterparty risk
⚈ the time that it takes to send assets to #CEX and withdraw again
⚈ forced seizure of assets through regulators or governments
⚈ hacks
⚈ counterparty risk
⚈ the time that it takes to send assets to #CEX and withdraw again
⚈ forced seizure of assets through regulators or governments
⚈ hacks
