THORChain：一種去中心化的跨鏈流動性協議，徹底改變 DeFi 生態系統

THORChain 是一種去中心化的流動性協議，旨在實現不同區塊鏈之間的資產交換。與傳統的去中心化交易所 (DEX) 不同，THORChain 與鏈無關，這意味著它允許跨不同區塊鏈進行交換，而無需依賴中心化中介機構。

THORChain: A Decentralized Liquidity Protocol for Cross-Chain Asset Swaps

THORChain：跨鏈資產互換的去中心化流動性協議

The blockchain industry has witnessed a surge in tools and solutions, thanks to the advent of Web3. However, this expansion has been hindered by several technical limitations, with the lack of interoperability between chains being one of the most complex challenges.

由於 Web3 的出現，區塊鏈產業見證了工具和解決方案的激增。然而，這種擴展受到了一些技術限制的阻礙，其中鏈之間缺乏互通性是最複雜的挑戰之一。

With the constant development of new digital assets and various dApps, the ability to transfer value and data across different networks has become increasingly limited and, in many cases, cumbersome. This is where THORChain enters the scene. This decentralized protocol allows users to perform asset swaps across chains directly, without relying on third parties. Its design aims not only to overcome the technical barriers that hinder industry growth but also to unlock new possibilities for the DeFi ecosystem.

隨著新的數位資產和各種 dApp 的不斷發展，跨不同網路傳輸價值和資料的能力變得越來越有限，並且在許多情況下變得很麻煩。這就是 THORChain 發揮作用的地方。這種去中心化的協議允許用戶直接跨鏈進行資產交換，而不需要依賴第三方。其設計不僅旨在克服阻礙產業發展的技術障礙，也為 DeFi 生態系統釋放新的可能性。

What is THORChain?

什麼是雷神鏈？

THORChain is a decentralized liquidity protocol designed to enable asset swaps between different blockchains. Unlike traditional decentralized exchanges (DEX), THORChain is chain-agnostic, meaning it allows swaps across different blockchains without relying on centralized intermediaries.

THORChain 是一種去中心化的流動性協議，旨在實現不同區塊鏈之間的資產交換。與傳統的去中心化交易所 (DEX) 不同，THORChain 與鏈無關，這意味著它允許跨不同區塊鏈進行交換，而無需依賴中心化中介機構。

The primary function of THORChain is to solve the problem of liquidity fragmentation across various blockchain networks, creating a unified environment where assets can be exchanged efficiently and reliably. To achieve this, the protocol relies on mechanisms such as incentivized liquidity pools, staking, and a unique “bonding” model that facilitates cross-chain asset swaps.

THORChain的主要功能是解決各個區塊鏈網路之間的流動性碎片化問題，創造一個可以高效可靠地交換資產的統一環境。為了實現這一目標，該協議依賴於激勵流動性池、質押以及促進跨鏈資產交換的獨特「債券」模型等機制。

How THORChain Works and its Architecture

THORChain 的工作原理及其架構

THORChain is structured as a multi-layer network that works together to ensure interoperability between blockchains and facilitate decentralized asset swaps.

THORChain 被建構為一個多層網絡，該網絡協同工作以確保區塊鏈之間的互通性並促進去中心化資產交換。

Liquidity Pools and Cross-Chain Swapping

流動性池和跨鏈交換

At the core of THORChain are liquidity pools, which enable asset swaps between different blockchains. These liquidity pools consist of funds from various native assets of different blockchains. Users can add liquidity by providing both native assets and RUNE, the network’s token. In return, liquidity providers receive a share of the transaction fees generated within the pool.

THORChain 的核心是流動性池，它可以實現不同區塊鏈之間的資產交換。這些流動性池由來自不同區塊鏈的各種原生資產的資金組成。用戶可以透過提供原生資產和網路代幣 RUNE 來增加流動性。作為回報，流動性提供者會收到池內產生的交易費用的一部分。

Cross-chain asset swapping is achieved through a “cross-chain swapping” model, a mechanism that uses smart contracts to autonomously execute the operation without intermediaries. This ability to facilitate direct exchanges between different blockchains sets THORChain apart from traditional DEXs, which only allow swaps within the same blockchain ecosystem.

跨鏈資產交換是透過「跨鏈交換」模型實現的，這種機制利用智慧合約自主執行操作，無需中介機構。這種促進不同區塊鏈之間直接交換的能力使 THORChain 與傳統的 DEX 區分開來，傳統的 DEX 只允許在同一區塊鏈生態系統內進行交換。

The Role of Validators

驗證者的角色

THORChain’s network is secured by validators, who are responsible for validating transactions and maintaining the integrity of the system. Validators must stake RUNE as collateral to ensure honest behavior. This staking model aligns validators’ incentives with the proper functioning of the network, as any attempt to manipulate transactions could result in the loss of their funds.

THORChain 的網路由驗證者保護，驗證者負責驗證交易並維護系統的完整性。驗證者必須以 RUNE 作為抵押品，以確保誠實的行為。這種質押模型使驗證者的誘因與網路的正常運作保持一致，因為任何操縱交易的嘗試都可能導致其資金損失。

Bonding Architecture

接合架構

THORChain’s architecture also relies on the concept of “bonding.” Bonds are a way to ensure that assets are properly swapped between different blockchains. In this process, assets on one blockchain (e.g., Bitcoin or Ethereum) are secured within THORChain’s protocol through RUNE staking. This bonding ensures that assets are backed by the liquidity provided within the system.

THORChain 的架構也依賴「綁定」的概念。債券是確保資產在不同區塊鏈之間正確交換的一種方式。在此過程中，一個區塊鏈（例如比特幣或以太坊）上的資產透過 RUNE 質押在 THORChain 協議內得到保護。這種綁定確保資產得到系統內提供的流動性的支持。

When a user performs a swap between two blockchains via THORChain, the system ensures that the amounts of assets involved are accurate and that there are no discrepancies during the exchange process. This is achieved through smart contracts that operate within liquidity pools and automatically manage cross-chain transactions.

當用戶透過THORChain在兩個區塊鏈之間進行交換時，系統確保所涉及的資產數量是準確的，並且交換過程中不會出現任何差異。這是透過在流動性池內運作並自動管理跨鏈交易的智慧合約來實現的。

The Integration of Bifröst, Yggdrasil and Aesir

Bifröst、Yggdrasil 和 Aesir 的整合

THORChain leverages additional protocols to enhance its network’s interoperability and scalability:

THORChain 利用附加協定來增強其網路的互通性和可擴展性：

Bifröst is a cross-chain communication protocol that enables THORChain to integrate with other blockchains and protocols seamlessly.

Bifröst 是一種跨鏈通訊協議，使 THORChain 能夠與其他區塊鏈和協議無縫整合。

Yggdrasil is a decentralized network that provides THORChain with fast and secure cross-chain data transfer capabilities.

Yggdrasil 是一個去中心化網絡，為 THORChain 提供快速、安全的跨鏈資料傳輸能力。

Aesir is a decentralized oracle network that supplies THORChain with reliable and up-to-date blockchain and market information.

Aesir 是一個去中心化的預言機網絡，為 THORChain 提供可靠且最新的區塊鏈和市場資訊。

Together, these protocols contribute to THORChain’s efficient and interoperable cross-chain asset swapping capabilities.

這些協議共同促進了 THORChain 高效且可互通的跨鏈資產交換功能。

How Does THORChain Ensure a Secure Environment for Users?

THORChain如何確保使用者的安全環境？

Transparency is a key factor in THORChain’s security. As an open-source protocol, anyone can audit the code and transactions executed on the network. This fosters trust within the community and allows for constant review by developers and users, ensuring the system remains free of vulnerabilities or flaws that could compromise the security of funds or transactions.

透明度是 THORChain 安全性的關鍵因素。作為一個開源協議，任何人都可以審核網路上執行的程式碼和交易。這可以培養社群內部的信任，並允許開發人員和使用者不斷進行審查，確保系統不存在可能危及資金或交易安全的漏洞或缺陷。

In summary, THORChain has integrated a set of technical, economic, and transparency measures to guarantee a secure and reliable system, protecting both users and the funds operating within the network.

綜上所述，THORChain整合了一套技術、經濟和透明度措施來確保系統安全可靠，並保護用戶和網路內運作的資金。

RUNE: What is it and What is it Used for?

RUNE：它是什麼以及它的用途是什麼？

RUNE is the native token of THORChain, and it plays several crucial roles in the network's functioning:

RUNE 是 THORChain 的原生代幣，它在網路的運作中發揮著幾個關鍵作用：

Staking: Validators must stake RUNE to participate in the network's validation and security processes. The amount of RUNE staked determines the validator's weight in the consensus mechanism.

質押：驗證者必須質押 RUNE 才能參與網路的驗證和安全流程。質押的 RUNE 數量決定了驗證者在共識機制中的權重。

Cross-Chain Swapping: RUNE serves as the base asset in THORChain's cross-chain swap system. Unlike other protocols that require specific asset pairs, RUNE is used as the common token that facilitates swaps between different

跨鏈交換：RUNE作為THORChain跨鏈交換系統的基礎資產。與其他需要特定資產對的協議不同，RUNE 被用作促進不同資產之間交換的通用代幣。