Tag: Decentralized finance (DeFi)

THORChain is a decentralized liquidity protocol that stands out for enabling the exchange of assets across different blockchains in a permissionless and non-custodial manner. It’s built on the Cosmos SDK and operates as an independent Layer 1 cross-chain decentralized exchange (DEX). The protocol employs a liquidity pool model, similar to other protocols like Uniswap or…