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THORChain unique features: Users are incentivised to stake liquidity to earn liquidity fees. This works in such a way that token pairs with lower liquidity net the user higher fees. This mechanism ensures that each trading pair has sufficient liquidity.
Each token holder is able to stake the native token to participate in on-chain governance and earn part of the block rewards along with block producers.
Yggdrasil protocol is a novel sharding mechanism unique to THORChain. Unlike legacy sharding applications which reformat databases tables into horizontal rows, Yggdrasil Protocol deploys a vertical sharding technique based on transactions between entire chains that are stored on different nodes. This framework is more effective because it removes the need for a validator to piece together shards and is in turn ideal for cross-chain token transactions and trading.
Bifrost protocol enables the creation of fast and secure cross-chain bridges that allow trading of any token pair on the dex.
Completely transparent distribution and funding goals that are locked by development milestones.
Note: Even though some segments of the THORChain ecosystem are named as protocols, all of them are different parts of the same THORChain blockchain and ecosystem. Most of the whitepapers are quite technical and provide in-depth explanations. For an easier and faster read, we recommend reading the medium articles. - THORChain master whitepaper is the longest whitepaper and explains the ecosystem in detail. - Yggdrasil whitepaper explains the novel sharding mechanism that THORChain will use. - Bifrost whitepaper explains how cross-chain bridges are formed and utilised on THORChain. - Flash Network whitepaper explains how the layer 2 payment network will work on top of THORChain and will allow instant trades across all tokens and liquidity pools. - Asgardex whitepaper provides details on how the Asgardex exchange will work. - Aesir Protocol details how on-chain governance and changes will be implemented on THORChain.