THORChain application layer helps multi-chain security and increases BTC staking income

Renata2024/09/05 03:04

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THORChain is a decentralized cross-chain AMM trading protocol created by a group of anonymous cryptocurrency developers at Binance's hackathon in 2018. The protocol aims to decentralize cryptocurrency liquidity through public nodes and ecosystem product networks. Any individual, product, or institution can access its local and cross-chain liquidity.

On September 4th, THORChain interacted with FamiliarCow on social media, claiming that THORChain's application layer will bring revolutionary solutions to the multi-chain ecosystem. Babylon provides security guarantees for POS chains, allowing users to stake Bitcoin (BTC) on IBC and receive token rewards. THORChain also supports automatic conversion of these rewards into real BTC and regular settlement. This innovative feature will bring more convenience and benefits to users in the multi-chain ecosystem, relying entirely on THORChain's application layer technology.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.

智通财经•2026/09/22 22:26