THORChain：一种去中心化的跨链流动性协议，彻底改变 DeFi 生态系统

THORChain 是一种去中心化的流动性协议，旨在实现不同区块链之间的资产交换。与传统的去中心化交易所 (DEX) 不同，THORChain 与链无关，这意味着它允许跨不同区块链进行交换，而无需依赖中心化中介机构。

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

THORChain：跨链资产互换的去中心化流动性协议

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.

由于 Web3 的出现，区块链行业见证了工具和解决方案的激增。然而，这种扩展受到了一些技术限制的阻碍，其中链之间缺乏互操作性是最复杂的挑战之一。

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.

随着新的数字资产和各种 dApp 的不断发展，跨不同网络传输价值和数据的能力变得越来越有限，并且在许多情况下变得很麻烦。这就是 THORChain 发挥作用的地方。这种去中心化的协议允许用户直接跨链进行资产交换，而不需要依赖第三方。其设计不仅旨在克服阻碍行业发展的技术障碍，还为 DeFi 生态系统释放新的可能性。

What is THORChain?

什么是雷神链？

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 是一种去中心化的流动性协议，旨在实现不同区块链之间的资产交换。与传统的去中心化交易所 (DEX) 不同，THORChain 与链无关，这意味着它允许跨不同区块链进行交换，而无需依赖中心化中介机构。

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的主要功能是解决各个区块链网络之间的流动性碎片化问题，创建一个可以高效可靠地交换资产的统一环境。为了实现这一目标，该协议依赖于激励流动性池、质押和促进跨链资产交换的独特“债券”模型等机制。

How THORChain Works and its Architecture

THORChain 的工作原理及其架构

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

THORChain 被构造为一个多层网络，该网络协同工作以确保区块链之间的互操作性并促进去中心化资产交换。

Liquidity Pools and Cross-Chain Swapping

流动性池和跨链交换

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 的核心是流动性池，它可以实现不同区块链之间的资产交换。这些流动性池由来自不同区块链的各种原生资产的资金组成。用户可以通过提供原生资产和网络代币 RUNE 来增加流动性。作为回报，流动性提供者会收到池内产生的交易费用的一部分。

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.

跨链资产交换是通过“跨链交换”模型实现的，这种机制利用智能合约自主执行操作，无需中介机构。这种促进不同区块链之间直接交换的能力使 THORChain 与传统的 DEX 区分开来，传统的 DEX 只允许在同一区块链生态系统内进行交换。

The Role of Validators

验证者的角色

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 的网络由验证者保护，验证者负责验证交易并维护系统的完整性。验证者必须以 RUNE 作为抵押品，以确保诚实的行为。这种质押模型使验证者的激励与网络的正常运行保持一致，因为任何操纵交易的尝试都可能导致其资金损失。

Bonding Architecture

接合架构

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 的架构也依赖于“绑定”的概念。债券是确保资产在不同区块链之间正确交换的一种方式。在此过程中，一个区块链（例如比特币或以太坊）上的资产通过 RUNE 质押在 THORChain 协议内得到保护。这种绑定确保资产得到系统内提供的流动性的支持。

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.

当用户通过THORChain在两个区块链之间进行交换时，系统确保所涉及的资产数量是准确的，并且交换过程中不会出现任何差异。这是通过在流动性池内运行并自动管理跨链交易的智能合约来实现的。

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 利用附加协议来增强其网络的互操作性和可扩展性：

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

Bifröst 是一种跨链通信协议，使 THORChain 能够与其他区块链和协议无缝集成。

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

Yggdrasil 是一个去中心化网络，为 THORChain 提供快速、安全的跨链数据传输能力。

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

Aesir 是一个去中心化的预言机网络，为 THORChain 提供可靠且最新的区块链和市场信息。

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

这些协议共同促进了 THORChain 高效且可互操作的跨链资产交换功能。

How Does THORChain Ensure a Secure Environment for Users?

THORChain如何确保用户的安全环境？

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 安全性的关键因素。作为一个开源协议，任何人都可以审核网络上执行的代码和交易。这可以培养社区内部的信任，并允许开发人员和用户不断进行审查，确保系统不存在可能危及资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.

综上所述，THORChain整合了一套技术、经济和透明度措施来保证系统安全可靠，保护用户和网络内运行的资金。

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

RUNE：它是什么以及它的用途是什么？

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

RUNE 是 THORChain 的原生代币，它在网络的运行中发挥着几个关键作用：

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.

质押：验证者必须质押 RUNE 才能参与网络的验证和安全流程。质押的 RUNE 数量决定了验证者在共识机制中的权重。

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

跨链交换：RUNE作为THORChain跨链交换系统的基础资产。与其他需要特定资产对的协议不同，RUNE 被用作促进不同资产之间交换的通用代币。