THORChain Says THORSynths Is Coming Soon

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

The THORChain team announced on Twitter over the weekend that THORSynths are coming soon.

The THORChain team announced on Twitter over the weekend that THORSynths are coming soon.  THORSynths are synthetic representations of non-Rune Assets pooled. The primary purpose of Synths is to be used for fast & cheap transactions significantly driving up Volume on the THORChain network.

The team added that with THORSynths, there will be faster settlements on all Layer-1 (L1) pools, higher L1 purchasing power and a few other features. 

THORChain is a decentralized cross-chain exchange where traders can swap cross-chain assets via liquidity pools across Binance Chain, Ethereum, and Bitcoin. RUNE is down by more than 4% so far today and is currently trading at $4.588.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.