Thorchain is a cross-chain protocol built using the Cosmos SDK that enables users to trade one native asset for another native asset on another chain using an assortment of Rune Liquidity Pools. The RUNE token acts as the second half of each LP Pool and thus Thorchain is able to swap assets using two swaps with RUNE as the intermediary token.
Current Percentage of RUNE with Node Operators
Calculate how much you can earn by staking Thorchain. Results vary based on the staking amount, term, and type selected.
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- What is Thorchain?
- Who is the team behind Thorchain?
- What is the initial token distribution?
- What is the thorchain moon scenario?
- How to stake RUNE? (Add LP Liquidity/ bond RUNE as a Node Operator)
- How much can I earn adding Liquidity to THORSwap or Bonding RUNE?
- Is there any risk to adding liquidity in THORSwap or bonding RUNE as a node operator?
- What is THORSwap?
THORChain is a decentralised cross-chain liquidity network, allowing assets to be pooled such that they can be swapped between chains.
THORChain’s team has chosen to remain psuedo-anonymous to accelerate decentralisation and prevent social-signalling and capture.
130m RUNE was sold in seed, private and public sales between 1 and 3c. A futher 60m was emitted to RUNEVault stakers over the course of 14 months. 65m is reserved for operational reserves and further OTC sales to improve the treasury. 50m is allocated to the team. 220m is allocated for future block rewards to nodes and liquidity providers.
Due to the nature of how Thorchain works, Thorchains price can be deterministically priced by the non-rune TVL on the platform. This is because if the protocol is functioning properly then the value of RUNE on the platform must be at least 3 times the non-rune TVL locked on the platform. Hence we can say that the market cap of RUNE must be at least 3 times the non-RUNE TVL locked on the platform and so we can price the token as (3*non-RUNE TVL)/circulating supply of RUNE.
Previously you could stake RUNE with a Binance Chain Wallet via runevault.org. This feature is no longer available but instead users can now add liquidity symmetrically with RUNE and an asset pair in Liquidity pools on THORSwap. In this case, rewards are automatically compounded.
RUNE holders can also bond RUNE as a node operator for a different reward rate.
We have created a tutorial to guide users through the process of Swapping and Adding Liquidity to THORSwap.
There is an incentive pendulum that adjusts incentives for Bonding and Liquidity rewards aimed at an optimal state of 50%-50% of capital bonded vs capital deposited in LPs.
The current incentive for depositing RUNE in THORSwap Liquidity pools is around 290.85 %.
The Bonding APY is around 18.44 %.
Take a look at the Thorchain Staking Calculator to estimate your rewards if more or less tokens participate than under current conditions.
Yes, there is a risk of in-permanent loss when providing liquidity to Liquidity Pools. This same risk exists in THORSwap as it does in UniSwap for example.
In mainnet, Nodes put their Rune at-risk to underwrite capital, and liquidity providers are exposed to underlying price movements of assets, so may end up with more or less RUNE depending on price changes.
On THORSwap you can Swap and stake BNB and BEP2 assets.
THORSwap is Binance Chain’s first decentralised finance application allowing BEP2 token holders to swap their assets, or stake them to provide liquidity to the market.
Follow our Guide on How To Swap and Add Liquidity on THORSwap.
THORSwap is Powered by THORChain technology.