1H
-1.54%$0.0063
24H
-2.67%$0.0111
7D
0.70%$0.0028
30D
-28.5%$0.1605
THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.
There are a lot of talks that today the traditional centralized finance system can’t satisfy all the currently existing demands. But are there any other options? In this guide, we will tell you about DeFi, its decentralized counterpart.
Check everything you might need to know about 0x project – Ethereum-based decentralized finance (DeFi) solution, and its native ZRX token.