# THORChain > Native Asset Exchange THORChain is a decentralized cross-chain exchange protocol that enables native asset swaps across multiple blockchains without wrapped tokens or centralized intermediaries. THORChain is a Layer 1 decentralized exchange protocol built with the Cosmos SDK that enables users and integrators to swap and provide liquidity for native assets across multiple chains without wrapped or pegged tokens. It is designed for non-custodial settlement, economic security via bonded RUNE, and minimal on-chain governance. - Type: Project - Sector: Finance - Status: Active - Founded: 2018-01-01 - Profile: https://thegrid.id/profiles/thorchain ## Products - [THORChain](https://thegrid.id/profiles/thorchain): THORChain is a Layer 1 cross-chain decentralised exchange that enables native asset swaps across multiple blockchains without wrapped tokens or intermediaries. The protocol provides continuous liquidity pools, streaming swaps for price-optimised execution, dual/single-asset liquidity provisioning, Savers, and Trade Assets for high-frequency trading with fast finality. THORChain is built with the Cosmos SDK and CometBFT, uses Bifröst chain clients and GG20 TSS for chain connectivity and vault management, and is economically secured by the RUNE asset for settlement, security, governance, and incentives. (Decentralised Exchange, Live, Main Product) - [THORChain Network Explorer](https://thegrid.id/profiles/thorchain): THORChain Network Explorer provides blockchain data visualization and analysis for the THORChain protocol through interactive charts, transaction tracking, and pool monitoring. The system displays cross-chain swap data, liquidity pools, validator information, and network statistics for users to explore THORChain network activity. (Block Explorer, Live) ## Assets - [RUNE (RUNE)](https://thegrid.id/profiles/thorchain): RUNE is the native token of THORChain. It is used to pay transaction fees, secure the network through node bonding, serve as the settlement asset in all liquidity pools, and signal governance priorities. The protocol requires node operators to bond more RUNE than the value of assets they secure, creating economic incentives that align validators with network security and making theft financially irrational. (Native) - [THORChain Yield Token (TCY)](https://thegrid.id/profiles/thorchain): TCY is the utility token of THORChain that distributes 10% of all protocol revenue to stakers as RUNE rewards. It is used by staking to receive a pro rata share of system income, with yield paid out in RUNE tokens. The token was introduced to address debt accumulated by THORFi's savings and lending services, converting defaulted debt into equity at a 1:1 ratio to transform creditors into stakeholders. (Utility) ## Links - [Main](https://thorchain.org) - [Documentation](https://docs.thorchain.org) - [Whitepaper](https://github.com/thorchain/Resources/tree/master/Whitepapers) - [Blog](https://medium.com/thorchain) - [Twitter / X](https://x.com/THORChain) - [GitLab](https://gitlab.com/THORChain) - [GitHub](https://github.com/thorchain) - [Discord](https://discord.com/invite/XW8aEVPZ5E) - [Telegram](https://t.me/thorchain_org) - [Discord](https://discord.com/invite/c4EhDZdFMA) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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